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Eaga - PM tells unemployed to start lagging lofts

November 2008

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:
  • 118p
Gordon Brown recently suggested that the thousands of people losing their jobs (including bankers presumably? - Editor) should re-train on programmes to get work insulating houses. That wasn't the only thing attracting attention to Eaga. Instead, it was a very positive trading update that said trading so far this year has been in line with management expectations. In particular, Eaga's managed service business is starting to benefit from the £74m increase in government funding for the Warm Front programme, which is tacking the problem of fuel poverty. Elsewhere, Eaga's installation division has received a shot in the arm from the government's decision to increase its CERT programme by £560m over the next three years. For the year to 31 ...

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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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