Updates

Rok - Prospective PE of 11.1

September 2006

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.

Rok's recent performance cannot be faulted, with the shares hitting a string of new highs following slightly better than expected interim results to 30 June, paving the way for the sixth year of profit growth. Turnover was up by a quarter to £301m with pretax profit rising by 28% to £7.8m (before goodwill charges and exceptional items). Eps on the same basis lifted 14% to 18.9p. As these results show, Rok Building was again the main profit driver with operating profit up 28% to £6m on sales of £242m. On a like-for-like basis, excluding acquisitions, divisional turnover grew by 13%. Operating margin was maintained at 2.7%. The division began life as a regional contractor but has been steered in rece ...

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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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