Updates

Sureserve

July 2022

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.

Little “new” news to report at Sureserve’s interims, suffice to say it has continued its excellent momentum with revenues and pretax profit rising 24% and 34%, respectively to £126.2m and £4.3m. Eps increased 37% to 2.2p while net cash increased £2m to £11.7m. Encouragingly, the order book increased 50% to £512m and covers 96% of FY’22 expected revenue. Sureserve referred to cost increases but said it is able to mitigate these. Shore Capital has left forecasts unchanged with eps of 8.1p for the year to September ’22, rising to 8.9p in ’23, leaving the prospective PE on just 9.4. I am a buyer. ...

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Essentra

De La Rue

Sureserve - Agrees take-over: gain to date +47% (June 2023)

Sureserve - Thrashes forecasts by 16% (March 2023)

Sureserve (December 2022)

Sureserve - Boiler services firm’s record order book underpins forecasts (March 2022)

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.

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