Updates

Cosalt

March 2009

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.

Cosalt ended its involvement in the caravan market last December with the long awaited sale of that business at what seemed a giveaway price, albeit the new owners are to support operating losses for the foreseeable future. All the provisions for future costs, asset write downs and residual earnings estimates were included in the results for the year to 26 October with Â£14.3m having been written off in H1 and a further Â£11.2m in H2. Stripping that away, there was a strong performance from the continuing operations. Overall operating profit on continuing operations was up from Â£4.1m to Â£10.4m on sales up 57% to Â£105m. Adjusted profit before tax was Â£7.2m and eps was 20.3p, a shade under the forecast.Having existed for over a ...

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Hargreaves - Changing mix of business

Jetion

Cosalt (June 2009)

Cosalt - Sells last non-core business (December 2008)

Cosalt - Strong Q3 performance (October 2008)

Cosalt (July 2008)

Cosalt - Sells non core schoolwear arm (June 2008)

Cosalt - Landsbanki sets 450p target (April 2008)

Cosalt - Expanding exposure to North Sea safety markets (March 2008)

Cosalt (February 2008)

Cosalt - Significant eps enhancing acquisition (October 2007)

Cosalt - Now a presence in top 5 European ports (August 2007)

Cosalt - Plans to grow marine safety side (March 2007)

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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