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WSP - Lock in 243% gain

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.

  • Epic Code:
  • WSH
  • Price:
  • 220p
WSP is an old friend to Sharewatch and has been successfully tipped many times in the last decade. Most recently it was a main write-up in Feb'03 at 64p when most analysts had written off its prospects following international expansion which stretched its balance sheet at a time when the main property services markets wobbled.  The first half to 30 June showed a recovery with profit before tax up 15% to £6.6m  and earnings per share up 4% to 7.2p. Sales lifted 9% to £161m (4% excluding two bolt-on acquisitions in Scandinavia). Borrowings in the year rose by £4.1m to £48.7m, partly due to seasonal factors but also due to the £2.2m payment for the two acquisitions and a £2.1m settlement ...

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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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