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Worthington Nicholls

May 2007

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:
  • WNG
  • Price:
  • 187p
We tipped Worthington Nichols in March ‘06 just ahead of its float at 50p by broker Blue Oar (Corporate Synergy). Since then the shares have put in a stellar performance, hitting a high of 187p this month. Worthington offers a complete turnkey service to hotels which ranges from survey and design to the installation and commissioning of air conditioning equipment and has just announced three small acquisitions. Having raised £3.5m (plus £12.5m at the time of float), Worthington has subsequently tapped the market twice, raising £6m in November at 90p and then £20m at 170p this month. The shares (together with RC Group) have certainly helped transform the average placing statistics for Blue Oar. Based on Panmu ...

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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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