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Hercules Property Services - Short term hiccup provides buy opportunity

March 2002

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

  • Epic Code:
  • HPS
Hercules has announced results for the six months to 31 December. Turnover was up 69% to £14.5m and profit before goodwill and a non-recurring item of £1m was up 60% to £5.4m.  Adjusted earnings rose 13% to 21.9p. Earnings were distorted by the 72% increase in the number of shares in issue following the acquisition of Farr last November, compounded by the fact that Farr earns 80% of its profit in the second half.   Seasonal factors aside, there were some significant variances within the subsidiary results. Bizarrely, it was Deacon, historically the strongest part of Hercules, which was a chief bugbear. Difficulties came during the second half of the year when Deacon's principal insurer, Groupama, facing ...

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With small companies there is an above average degree of risk compared to buying blue chips. Please be aware that we have not assessed the suitability of any of these investments for you. The newsletter simply states a personal view and diarises the editor’s investment decisions. Please speak to your stockbroker or other qualified individual to ascertain whether any of these companies mentioned would form useful additions to your own portfolios. Past performance is no indication of future success.

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