Calculators
-
Mortgage Calculator
See how much mortgage you can have
-
Debt Calculator
Work out how we can help you manage your debt
Contact us...
Overseas business boosts Yule Cattos profits
•Yule Catto’s underlying profits for the period rose to £43.5m
•The company’s PolymerLatex and Asian business contributes to positive results
•The Share Centre continues to recommend investors ‘buy’ Yule Catto
As Yule Catto reports half year results ahead of market forecasts Graham Spooner, investment adviser at The Share Centre, explains what this means for investors.
“Yule Catto announced positive figures this morning with pre-tax profits increasing to £43.5m and sales rising by 65%. However, a goodwill impairment and acquisition costs means the speciality chemical group faces a pre-tax loss of £7.9m for the period to 30 June.
“Growth seeking investors will be pleased to hear the company’s figures were boosted by its PolymerLatex business that was acquired in December and full year earnings are now predicted to be ahead of expectations. The company’s Asian business has also been improving and strong demand in the region contributed to the sharp rise in profits.
“Investors wanting exposure to a specialist area may wish to look at Yule Catto. The company’s acquisition into Germany and its potential for improving emerging market sales are attractive for investors. The recent market downturn has seen the share price fall sharply from its July high of 250p to 174p and we recommend investors take advantage of this and ‘buy’ on the weakness.”
Watch Yule Catto share price
THIS DATA IS PROVIDED BY GRAHAM SPOONER, INVESTMENT ADVISER AT THE SHARE CENTRE. THIS IS NOT INTENDED TO CONSTITUTE AN OFFER OR AGREEMENT TO BUY OR SELL INVESTMENTS.
Risk Warnings:
Investing in general, and the products and services mentioned above may not be suitable for all: if in doubt, individuals should seek independent financial advice. The value of investments and the income from them can go down as well as up and investors may not get back their original investment. Past performance is not a reliable indicator of future performance.
The bases and levels of taxation relating to ISAs, CTFs and SIPPs are subject to change and the value of these tax allowances may depend upon the circumstances of the individual.
Moneyextra.com recommends you take independent financial advice before acting on any article
Back2011-08-30 09:11:30 © Moneyextra.com