Updates

China Shoto - Host of opportunities cropping up

November 2006

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.

Shoto reported a strong set of results for H1 to 30 June. Turnover was up 141% to £28.4m as a result of increased turnover from existing telecoms customers and new business lines. Profit before tax was up 50% to £2.5m and eps was flat at 10p. Margins fell from 18.7% to 10.5% due to an increase in the price of lead, its main raw material and a change in business mix. During the period, growth continued to be driven by backup power supply batteries to telcos which accounted for 51% of total sales but 69% of profit. The expansion of existing networks and preparation continues to drive demand with sales to the principal customers increasing 30% and Shoto continues to focus on customers with the best payment terms, with deb ...

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China Shoto (October 2009)

China Shoto (March 2009)

China Shoto - Trading ahead of expectations (January 2009)

China Shoto - Prospective PE of 3.5 (October 2008)

China Shoto (July 2008)

China Shoto - Switches production from bicycle batteries to backup batteries for the telcos (May 2008)

China Shoto (July 2007)

China Shoto (May 2007)

China Shoto (April 2007)

China Shoto (July 2006)

China Shoto - Chinese battery factory opens in July (May 2006)

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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