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Authoritative Independent Monthly Share Selections Using Technical & Fundamental Analysis

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Havelock Europa - Education supply business to benefit from hike in government spending

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.

Barely a month seems to  go by without Government spin doctors proclaiming yet another major spending initiative to help fufill its ambitious education targets, hardly surprising given that the next general election is not far away.  One recent headline grabber was its commitment to nearly double education's capital spending budget from £3.8billion to £6.8 billion by 2008, much of which will go on building new secondary schools as opposed to the old patch and repair policies in years gone by.  All this is excellent news for Havelock Europa, a provider of education furniture, as well as two legacy businesses involved in  point of sale displays and shopfitting.  Our interest is in the educa ...

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