Updates

SMC - Acquisitions believed imminent

October 2005

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.

The shares are up 53% since last month’s write-up, boosted by maiden interims for the six months to 30 June. Turnover rose by 47% to £5.4m - virtually all organic with the two acquisitions completed on flotation being included for only 20 days. Pretax profit quadrupled to £1.1m and eps was 3.2p. The acquisitions have expanded coverage into the North West and also lifted client numbers to 120, from 80 as at the end of June. Broker Edison/Noble forecasts sales of £12.8m this year and £15.7m next, noting that 92% of fee income for this year and 60% for next year is already in the bag. Their pretax profit forecast is £2.9m (eps 7p) this year and £4.1m next (eps 8.3p) but acquisitions could cha ...

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Tarsus - Shares move to a new high

NSB - Prospective PE of under 10

SMC (June 2007)

SMC (May 2007)

SMC (February 2007)

SMC (January 2007)

SMC - Soon to be prospective PE of 9.3 (December 2006)

SMC - High gear in Scotland (October 2006)

SMC (September 2006)

SMC (August 2006)

SMC - Largest acquisition to date (June 2006)

SMC Group (May 2006)

SMC Group - Gain since September: 286% (April 2006)

SMC - Results in April shouldn't disappoint (March 2006)

SMC - Buys two small architectral practices (February 2006)

SMC - Very eps enhancing acquisition (November 2005)

SMC - Attractive ground floor opportunity (September 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.

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