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Rok

November 2010

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:
  • ROK
  • Price:
  • 19.5p
The market continues its macabre game of trying to spot the next Connaught-like implosion but Rok seems to have averted disaster and announced that the independent review instigated by the Board of Plumbing, Heating & Electrical (PHE) business has been completed and the previously-suspended finance director has been reinstated. No further issues have come to light.Four directors bought 515,237 shares following the news at an average price of 18.8p. Based on an eps forecast from Evolution of 5p this year and 5.6p next, the shares are cheap on a PE of under 4. The market's doubts linger, however and the broker notes that the seasonality of cashflows will mean the company gets nail-bitingly close to its facility headroom this yea ...

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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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