image

The best stocks to buy since 1993

Latest issue now available

SIGN UP NOW
Updates

Ferraris - Modest reduction in forecast to 18.2p

May 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:
  • FER
Having jumped on the announcement of increased NHS spending in the Budget, the shares fell after Ferraris reported results that were marred by various exceptionals. For the six months to 28February, profit before tax and goodwill was £2.0m on sales up 22% to£31m. Ferraris also confirmed that it has signed Heads of Terms todispose of its non-core engineering unit for around £3m. Theengineering side unexpectedly lost £0.1m compared with a profit of£0.66m in the same period last year, but we suspect there may be somefudging of numbers ahead of the disposal. On a continuing basis,assuming engineering is sold, pretax profit (before goodwill and exceptionals) was up 12% to £2.3m on sales up 29% to £28.5m. Earnings on this ...

To access our archive of articles and to receive current issues you need to subscribe.

Subscribe now

Already a subscriber? Login

Related Articles

Ferraris - Emerging medical device manufacturer (March 2002)
Ferraris (February 2002)

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.

All material on this website is protected by copyright. You may use Information retrieved from the www.scsw.co.uk website for your own personal non-commercial use which means that you may not sell or copy this information to any third party without prior written consent. ISSN 1358-183X

LIMITED PERIOD OFFER!

SUBSCRIBE TODAY AND SAVE £30 WITH OFFER CODE 30OFFSCSW

To access our archive of articles and to receive current issues you need to subscribe

SUBSCRIBE NOW