image

The best stocks to buy since 1993

Latest issue now available

Mears - Sharp improvement in margin

September 2002

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.

Pretax profit increased by 31% to £1.58m in the six months to 30June and earnings by 27% to 2.0p on a full tax charge. Revenue in theperiod rose by just 8% to £38.1m, largely the result of  reshapingthe nature of Haydon’s business. Turnover in the maintenance, contracting  and FM businesses wastherefore virtually the same at £30.8m but operating profit rose 22% to£1.08m. Benefiting both the bottom and top line, although not reallyshowing up in the figures, was the rapid growth in maintenance for thesocial housing sector. Within the £30.8m, this core area lifted its sales from £21.8m to£23.4m, up 7%, but the Richmond contract was included for just the lastthree months. This gives a high degree of confidenc ...

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