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Havelock Europa - Education sector is resilient

September 2008

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:
  • HVE
  • Price:
  • 70p
Havelock Europa (HVE; 70p) is a business that designs, manufactures and installs school classrooms, retail and bank showrooms, hotel interiors and point-of-sale displays. The company suffered a setback in the mid-1990s recession when the business was entirely dependent on the mature UK retail market. Most of the work came from the highly volatile shop interiors market and when retailers became unwilling to spend on smartening up their shops, Havelock suffered as not only did the work dry up but there was severe price competition for the little remaining work. Given the dramatic fall in high street spending once again, it’s little wonder that poor investor sentiment resulted in the shares being sold down to 46p in August, for ...

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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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