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Primary Recommendations

Crestchic - New name for Northbridge Industrial - two eps upgrades this year

July 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:
  • 191.5p
It’s been 16 years since I first wrote on Crestchic, which became the new name for Northbridge Industrial Services this month and although I haven’t written much on the shares in the past seven years, I have been keeping a weather eye on them. The problem in the past with this one has always been that there were widely deviating performances from the group’s two component parts. Whilst the Crestchic bit, which mainly leases ‘loadbanks’ for testing standby generators, has recently recorded its highest pretax profit level since 2014, the shine has repeatedly been taken off this by the other side of the group, Tasman, which rents drilling tools for the oil & gas sectors and had absorbed investment but been bumping along the botto ...

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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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