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Eaga

November 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:
  • EAGA
  • Price:
  • 190p
Eaga has announced three acquisitions on prospective multiples of between 5.6 and 7.1 and which are therefore eps enhancing from day one. It is paying up to £14.6m for Horrocks, based in Liverpool and George Howe, in Durham, two firms which install and supply external wall insulation products to the social housing and housing construction markets. The two firms are both top five players in external wall insulation and Eaga now dominates the market, which is expected to remain buoyant following the introduction of CERT from next April, which will make wall insulation attractive to utilities as a means of hitting their targets. The other acquisition is AFR, a social housing heating system servicing business, based in ...

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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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