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Worthington Nichols - Growing like topsy

March 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.

Installing permanent air conditioning equipment may appear tooprosaic an activity as a growth share investment and many subscribersmay perceive it to be a business where profits are likely to follow anup and down course. But this activity is producing startling results atWorthington Nichols which is expected to list on AIM later this month.Worthington  made a pretax profit of £1.58m on turnover of £11.7min the year to 30 September and is set to virtually triple that to£4.94m pretax on sales of £29.6m in the current year, despite havingonly limited bank facilities which has hindered its growth.Furthermore, the group has already secured sales of £26m for next yearby which time brokers reckon sales will be £36m to deliver a preta ...

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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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