SHARES STRONGLY UP/DOWN this week 26/12/05 (Master RSI)

LEAD moving
up 50p 2 weeks ago good trading update shareprice did not react but now...


16th Dec 2005 CS report on Leadcom



conclusion makes good reading:

"Our formal 2006 forecasts assume a full tax charge. When we allow for the 15% tax charge the reported EPS forecast for 2006 puts the rating at 8.4x. The EV to EBITDA multiple for 2006 is presently 6.1x. A growing reputation for earnings upgrades, M&A activity in the niche and scope for independent coverage in 2006 make this a share to watch. We expect continued over-performance for the LEAD shares relating to the driven management team, the low PER, high ROCE, respectable yield, strong balance sheet and strong momentum. The future bodes well for LEAD."