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Redhall

May 2010

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:
  • RHL
  • Price:
  • 154p
Wakefield-based engineering firm, Redhall has issued a trading update ahead of H1 results on 3 June, together with three new contracts, which lift the order book to £130m. The contracts include one worth £30m from Vivergo Fuels, a joint venture between BP, British Sugar and DuPont for a new bioethanol plant. Two of Redhall's acquired companies, Chieftain and Jex will build and install pipework on the plant at BP's Saltend site. Redhall has also won substantial tankage and engineering work for Chevron worth £15m over the next five years. At Sellafield nuclear plant it has also won a bid to commission a new boiler park, a deal worth £3.2m.We met management in December. Redhall remains ambitious and wants to build a £500m ...

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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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