Updates

ROK Property - Consistent growth for four years

September 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.

Since our last update note, Rok has announced what looks like another cheap contracting acquisition as well as a set of record interim results, helping the share price move to an all time high in the process. Results for the six months to 30 June were a four year record. Sales were up 24% to £214m and by adding back goodwill and a £0.5m impairment charge on a non core conservatory roofing business, profit before tax was £5.5m, up from £4.1m. Earnings were 15.4p, up 31%. Net debt stood at £9.9m (gearing 27%), although average debt during the year was £14m, well within facilities of £35m. There was strong growth in its two major arms; Rok (local building and planned maintenance) ...

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Financial Objects - Welcome return to black

Mears - Gain to date: 236%

Rok (November 2010)

Rok (September 2010)

Rok (June 2010)

Rok (April 2010)

Rok- 80% visibility over 2010 sales from self-styled Nation's Local Builder (January 2010)

Rok - Prospective PE of 11.1 (September 2006)

Rok Property (February 2006)

ROK Property - Margins should bounce back (September 2005)

ROK Property (May 2005)

Rok Property - Construction shares still in demand (April 2005)

Rok Property - Closes Spaceage division (March 2005)

ROK Property (December 2004)

Rok Property (July 2004)

Rok Property Solutions - Positive AGM statement (May 2004)

Rok Property - Fantastic set of figures (April 2004)

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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