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S&U - Results materially ahead of expectation

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:
  • SUS
 Finance company, S&U, 470p, has been the subject of a Sharewatch recommendation once before - at 340p in December 2000. The shares had traded quietly until the middle of February this year when abullish trading update added 60p to the price in a single day. This said that results, for the year to 31 January, to be announced in April, will be "materially ahead of expectations." Brokers have yet to revise their expectations, but even based on the old forecast of £8.3m,earnings were expected to have been 49.5p last year and 57p this year. Even on the out-of-date numbers, the PE looks very low. Threemembers of the Coombe family were appointed to the board back in 1975and have recently shepherded S&U through three vin ...

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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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