Updates

Spring Group

October 2004

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.

Following last month's write up, there was little new news in the interims to 30 June. As expected, there was a welcome move back into the black with a pretax profit of £2.9m. Including the acquisition of Best, sales on a continuing basis lifted by 64% to £229m (40% organic). Earnings were 1p.All business units reported improved operating profits and demonstrated operational gearing at work. In particular, the 80% jump in revenues in Spring Technology Staffing Services (PSAs, Triage and Solutions) resulted in barely any increase in central costs with operating profits lifted from £0.2m to £4.3.Williams de Broe's forecast is unchanged at eps of 5.5p for the ...

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Traffic Master - Sharp increase in profit expected

Armour

Spring Group (June 2005)

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

Spring Group

October 2004

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Spring Group (June 2005)

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