The Sunday Times 2005 share portfolio
Recommended as one of their tips
Tim Steer, fund manager at New Star:
Armor Group is a fast-growing company and its shares, at 149½p, are cheap on nine times 2005 earnings. It sounds a bargain, but you need to know more about this business.
Armor provides protective security services (often armed security personnel) to many of the trouble hotspots of the world. Where there is conflict, you will find Armor.
In the year just ended, sales have almost doubled and for 2005 they are conservatively expected to rise by 16% to give earnings growth of 24%. The order book is 130% ahead of this time last year and there are large orders in the pipeline — one significant contract could be announced later this month.
More than 50% of the group’s activities are in the Middle East, but Armor can expect to follow the oil giants and infrastructure companies around the globe.
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