LOOKING AHEAD: Atkins (WS) (ATK)

ATK

Published date:
Thursday, June 21, 2007

Finals Tuesday 26 June

BULL POINTS

> Pre-tax and exceptional profits forecast to beat expectations

> Should show strong cash generation

> Trading good across the board

> Set to show strong growth in Middle East and China

> Overall market conditions should be buoyant

BEAR POINTS

> £36 million exceptional charge expected on Metronet operations

> Poor Metronet performance could dampen sentiment

SHARES SUMMARY

Strong trading conditions continue for the infrastructure services group, as per its peer group. But involvement in the Metronet consortium is a weight. That aside, results should be rosy. Problems have been discussed in public. Despite a chance of the market focusing on the negative, steady but solid share price gains in the past four years suggest Atkins will stay afloat. DC

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