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Crestchic - Barnstorming c.40% upgrade

September 2022

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:
  • LOAD
  • Price:
  • 258p
The shares went into orbit shortly after I included them as the front page recommendation just two short months ago. Since then Crestchic has said trading is (for the third time) running “significantly ahead.” Equipment rental contracts overrunning has kept utilisation at record levels whilst a strong pipeline of orders including its largest contract to date underpins the upgrade. The rapid and continued growth within the datacentre market comes as no surprise alongside a recovery in oil & gas exploration markets in the Middle East and Asia in response to higher energy pricing.  Such is the step change in activity levels that Shore Capital has raised its pretax profit estimates by an eye-watering 37% and 40% for this year and n ...

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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.

All material on this website is protected by copyright. You may use Information retrieved from the www.scsw.co.uk website for your own personal non-commercial use which means that you may not sell or copy this information to any third party without prior written consent. ISSN 1358-183X

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