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Spice Group

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.

  • Epic Code:
  • SPI
  • Price:
  • 340p
Spice has issued a pre-close trading update, with the business progressing well across the board. Within the commercial services arm, trading in H1 was strong with Inenco performing ahead of expectations for the three months since acquisition whilst on the facilities side, the contract with Norwich Union has been extended to include commercial reinstatement work as well as domestic. Utility services has also grown strongly with continuing good growth on both the water and electricity services parts under its various framework agreements. The telecoms side too shows some signs of life with Huawei winning a framework agreement to supply equipment to BT. Investec forecast eps of 17.2p for the current year to 30 April. Results due on ...

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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.

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

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