image

The best stocks to buy since 1993

Latest issue now available

Spring Group - Contractor numbers lift to 4,500:gain since January 162%

November 2003

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.

Although quietly spoken, Richard Barfield, chief executive, has certainly not been shy to dramatically rationalise Spring's structure in recent months. This month, Spring announced that it is to sell Spring IT Training to a subsidiary of Knowledge Universe which holds  47% of Spring. Given that Knowledge Universe also has four nominated directors on Spring's board, this is a related party transaction under Stock Exchange rules and is therefore subject to shareholder approval. The total consideration of £1.0m comprises £0.4m in cash and £0.6m in unsecured loan notes. Since our lastupdate note, Spring has announced its results for the six months to 30June.  The results are  largely of academic interest sincethey ...

To access our archive of articles and to receive current issues you need to subscribe.

Subscribe now

Already a subscriber? Login

Related Articles

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

LIMITED PERIOD OFFER

SUBSCRIBE TODAY AND SAVE £40 WITH OFFER CODE 40OFFSCSW

To access our archive of articles and to receive current issues you need to subscribe