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Authoritative Independent Monthly Share Selections Using Technical & Fundamental Analysis

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Armour Group - In-car and home entertainment group beating forecasts

August 2004

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.

On no fewer than three occasions in the last 10 months Armour has notified the market that trading is running ahead of expectations, and helped by acquisitions its pretax profit is  now expected to grow an amazing twelvefold in the two financial years ending this August. Long-term investors may recall that Armour was formerly a struggling conglomerate known as Armour Trust, which had burnt its fingers after getting involved in a number of disparate activities ranging from confectionery to personal care, property and electronics.   Amid mounting losses and debts a wholesale clear-out was initiated in 1998 which left just two small but profitable car audio equipment businessesand a £5m cash pile.  Those car ...

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