Updates

Superglass - Expects a stronger H2; PE of 4.5

May 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.

Superglass has issued in-line results for the first six months to 28 February. Overall, sales were Â£20.1m, slightly down from Â£20.5m in H108. Pretax profit came in at Â£2.2m for adjusted eps of 3.5p. As has been expected for a while, Superglass is now starting to benefit from the Carbon Emissions Reduction Target (CERT) programme and the Government's additional Â£1bn fuel poverty package. These are both driving demand for glass fibre insulation, which is blown into domestic cavity walls and also other cured products that come in the form of slabs for use on rafters. Superglass said current trading conditions have improved and a stronger H2 is expected. In the light of this, Brewin Dolphinâ€™s maintained earnings forecast ...

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

Subscribe now

Already a subscriber? Login

West China Cement - Explosive organic growth

Flying Brands - Director buys 13% stake

Superglass (June 2011)

Superglass (March 2011)

Superglass (February 2011)

Superglass - PE of barely 4x (January 2011)

Superglass - CERT programme extended by 21 months (September 2010)

Superglass - Debt falls by Â£2.2m in H1 (June 2010)

Superglass (January 2010)

Superglass (August 2009)

Superglass - Positive update (February 2009)

Superglass - Yet to catch fire (January 2009)

Superglass - PE of 4 and yield of 11.3% (December 2008)

Superglass - Results on 25 November (October 2008)

Superglass - PE of 5.1 and dividend yield of 11% (September 2008)

Superglass - Positive trading update (March 2008)

Superglass (February 2008)

Superglass - Business has plenty of momentum (December 2007)

Superglass - Beneficiary of CERT program (November 2007)

Superglass - Forecasts look on low side (August 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.

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