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Redhall

November 2009

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:
  • 126.5p
The shares fell sharply after Redhall said that it expected results for the year to 30 September to be “marginally below market expectations†because of a reduction in expected volumes in the nuclear and process areas. Broker Altium has downgraded its pretax forecast for the year to be reported on 3 December by 5% to £6.4m (eps 15.5p). The broker has reduced the current year estimate by 16% to £7.1m (16.9p) as a precautionary measure.Redhall began to report under three revised segments of energy, defence and process services last year. Under that classification, Energy comprises civil, nuclear and oil & gas engineering. The oil & gas side performed strongly with margin improvements but this has been offset by the nucl ...

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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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