Oliver Ashworth: piping up

Article Abstract:

Oliver Ashworth is carrying out a share issue in order to reduce debt and provide funds for expansion. The company has 51% held by venture capitalists who will retain a reduced stake. Ashworth has increased its turnover to 63.1 million pounds sterling for the year to Jan 31 1996 from 55.1 million pounds three years previously. The company's pre-tax profit has risen to 2.1 million pounds from 1.63 million pounds in this period. One director will sell options at the flotation to other members of the company's board.

Securities, Oliver Ashworth

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Profitable times signalled

Article Abstract:

PTS is a distributor of plumbing equipment and ranks third among United Kingdom heating and plumbing specialists. The company's clients include British Gas, though PTS also supplies small, one-person operations. The company's British Gas contract offers some business security, and PTS has own-label products that are performing well and providing better margins than branded goods. The company's profit is forecast at 4.7 million pounds sterling for 1999 by Capel Cure Sharp.

Plumbing and Heating, Except Electric, Plumbing & Heating Equip, Ventilation, Heating, Air-Conditioning, and Commercial Refrigeration Equipment Manufacturing, Retail industry, Retail trade, Building materials, Plumbing industry, PTS

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Falcon wakes up

Article Abstract:

Falcon is a UK pipeline distributor which has been affected by poor demand during summer 1996, a problem affecting the sector as a whole. The company is subject of bid speculation and is increasing dividends by 40%. This increases the attraction of the shares, though two directors own a stake of over 50% in Falcon. The company's operating profit increased in the six months to Sep 1996 though pre-tax profit was down due to exceptionals in 1995.

Falcon Holding Group L.P.

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