The first set of results since listing on AIM were announced this morning:

http://moneyam.uk-wire.com/cgi-bin/articles/200611170700302411M.html

Financial Highlights:

- Turnover increased to 136 million, up by 15%

- Underlying profit before tax rose to 6.7 million, up 49% from 4.5 million
before float costs and FRS 17 adjustments

- Basic adjusted earnings per share of 27.1 pence, up 74%

- Recommended final dividend of 5.3pence

- Cash reserves at year end 8.2 million

A huge spread with only 2 market makers does not help matters but a basic eps of 27.1p and outstanding prospects for further organic and acquisitive growth suggests this is way too cheap even at the current 325p offer price.

This is not for trading but one to stash away and watch the profits roll in over the next few years.

Ian

Wow !!!!!!!!!!!!!!!!!!!!!

Mono

The interim results are confirmed to be announced on 30th March.

Mono

Thanks for confirming the date.

March could (and should) be quite exciting !!!!

Ian

Hi Ian

I thought I missed the boat on this one, but took the opportunity to buy some yesterday when it suddenly dropped to 395p. I bought just over 3500 shares but cant see it on the trade pages. Any reason why?

Kaysmart,

You are not the only one to have this problem with this share - see post 13 and 14.

Perhaps the MM's don't want things to get out of control !!

The market 'correction' of the last two days has certainly left GSH marked down too harshly - there was negligible volume on Tuesday and Wednesday - so I suspect any rise up to 450 and beyond will be just as sudden as the fall over the last 48 hours.

Ian

Results are due on Friday so these could liven up in the next day or two.

Ian

Superb results and an acquisition:

GSH Group PLC
23 March 2007


23 March 2007

GSH Group plc


Interim Results for the six months ended 31 January 2007


Introduction


GSH Group plc (AIM: GSH) ('GSH' or 'the Group'), the international provider of
bespoke facilities management and energy management solutions, announces interim
results for the six months ended 31 January 2007.


Financial Highlights:


Turnover increased 11% to 70.2 million (2006: 63.0 million)

Profit before tax up 59% to 3.5 million (2006: 2.2 million)

Operating margin increased by 1.5 percentage points to 5.0% (2006: 3.5%)

Basic earnings per share were 11.8 pence, an increase of 62% (2006: 7.3 pence)

Cash reserves at the end of the period of 5.4 million (2006: 2.9 million)

The board has approved an interim dividend of 2.6 pence per share (2006: 2.2
pence)


Operational Highlights:


Strong order book at period end of 521 million (2006: 430 million)

A further 53 million of contract wins since period end

Announced today acquisition of Delta Environmental Services Limited for a total
cash consideration of 4.8 million


Bob Gilbert, Chairman of GSH said: 'These results reflect another record
performance and continue to demonstrate our ability to deliver profitable growth
in both turnover and operating margin. We look forward to the future with
confidence and further good progress in the second half of the year.'


Ian

The acquisition:

GSH Group PLC
23 March 2007



23 March 2007


GSH Group plc


Acquisition Secures Air Conditioning Strength for GSH Group


GSH Group plc (AIM: GSH), ('GSH' or 'the Group'), the international provider of
bespoke facilities management and energy management solutions, today announces
the acquisition of Delta Environmental Services Ltd ('Delta') for a total cash
consideration of 4.8m in a deal which will further strengthen the Group's
existing specialist air conditioning offering in the marketplace.


In the year ended 31 October 2006 Delta had a turnover of 8.2m, pre-tax profits
of 0.8m and net assets of 1.7m. The Board believes that the acquisition will
be earnings enhancing in the first full year following acquisition and provide
the opportunity to add further synergies through incremental growth and
integration with the existing GSH businesses.


GSH Group Chief Executive Colin Tennent said: 'This is an exciting move for our
business and it will strengthen our position as a leading provider of all
technical facilities management services. GSH is pursuing an aggressive strategy
of growth and this acquisition will provide an additional platform to increase
our self-delivered product offering.'


Founded in 1984, Delta is a UK business that designs, procures, installs,
commissions and maintains air conditioning, heating, ventilation and
refrigeration systems. Its maintenance service teams operate across the UK,
providing national coverage. Delta employs approximately 50 staff, including
well-trained engineers providing a wide range of capabilities. It is well
regarded for its technical capabilities and has a strong reputation for customer
services with long-term clients. Customers include major UK retailers such as
Starbucks, Boots, Clarks and Karen Millen. A growing maintenance base provides
recurring revenues and new installation work.


Colin Tennent added: 'This purchase is an ideal fit with our business, not only
in terms of business proposition but also in terms of our culture of excellent
service, delivered by skilled and committed engineers. Delta is a well-organised
company which will benefit from the large infrastructure that GSH can offer.'

Ian

Well done, Ian. You have picked a good one.

Off-thread: have you seen MEA? Looks to be a good investment in continental real estate. Very low PE and good growth, but PDYOR.

Ian,

A fantastic performance by GSH up to now.

Thanks for your input on this thread.

How much further do you reckon the SP can go short term ?

Seriously thinking of selling some to lock in profits.

Any advice would be appreciated.

Kays

Kays
Can never argue against locking in a profit - well done !!!!!!
However there have been two recent contract wins to look after all Fujitsu buildings in the northern UK region and, perhaps more significantly, to look after the London Eye. The latter may well get the Company more recognition in the City.
To my mind the arguments for investing in GSH are now stronger than ever.

AIMVHO of course !!!

Ian

Acquisition and big contract news from America :

GSH Group PLC
01 June 2007


GSH Group plc
Acquisition of KMH Systems


GSH Group plc (AIM: GSH) ('GSH' or 'the Group'), the international provider of
bespoke facilities management and energy management solutions, today announces
the acquisition for $1.6m of KMH Systems LLC ('KMH'), a building management
controls business based in Metuchen, New Jersey, USA. Profits attributable to
the business acquired were $227,000 in the year ended 31 December 2006 on
turnover of $800,000 and KMH had net assets of $450,000 at 31 December 2006. The
acquisition of KMH Systems will be effective from 1 June 2007.

Founded in 1997, KMH specialises in the installation and servicing of Andover
controls equipment which is an advanced microcomputer-based building and
facilities management control system. KMH will be integrated into GSH's existing
North American operations.

Jamie Reynolds, President of GSH Inc commented: 'We share a number of mutual
clients with KMH and there will be considerable opportunity to expand our
service offering and to grow contracts through our market-leading energy
conservation product, energyplus. KMH also provides us opportunities to expand
our technical offerings in new geographical areas.'

In addition, in recent weeks GSH Inc has been awarded a $30m contract to manage
the world-class Biomedical Research Centre on Johns Hopkins University's
Baltimore campus, secured a $8m order to provide an energy conservation solution
for Newmark Knight Frank in the Group's first Manhattan tower project, and won a
further order in respect of a technical services contract for the Holocaust
Museum.

GSH Group Chief Executive Officer Colin Tennent added: 'This acquisition is an
excellent fit for our business and together with the increasing organic growth
of our American business demonstrates the Group's commitment to expansion and
success in the North American market.'

Marvellous stuff !!!!

Ian

It's all beginning to fall into place:

GSH GROUP PLC


PLACING & TRADING UPDATE


GSH Group plc (AIM: GSH) ('GSH' or 'the Group'), the international provider of
bespoke facilities management and energy management solutions, is pleased to
announce today the conditional placing ('Placing') by KBC Peel Hunt Ltd of
1,500,000 ordinary shares of 1p each in GSH ('Placing Shares') at a price of
440p per share ('the Placing Price') with institutional and other investors.


700,000 of the Placing Shares ('New Shares') have been placed on behalf of the
Company to raise approximately 3.08 million (3.0 million net of expenses) for
the Company.


600,000 and 200,000 of the Placing Shares (together 'the Existing Shares') have
been placed on behalf of, respectively, The Geo. S Hall No 2 Pension Scheme (the
'Principal Vendor') and the GSH Employee Benefit Trust (the 'EBT Vendor' and
together with the Pincipal Vendor, the 'Vendors'). The 600,000 shares placed on
behalf of the Principal Vendor are beneficially held for Ian Scarr-Hall, the
former chairman of GSH.


Use of Proceeds


The funds raised from the Placing will be used to support the Group's plans for
supplementing organic growth with acquisitions. Since flotation GSH has made
three acquisitions that have enhanced and strengthened the Group's service
offering and the Board are committed to continuing this activity. There is a
considerable pipeline of potential acquisitions and the funds raised will allow
the Group to act swiftly when a suitable target company is identified.


Senior Management Incentivisation Plan


The Remuneration Committee has today approved a recommendation by the board of
GSH to allocate a total of 370,000 ordinary shares for the purposes of awards
under a newly formed Senior Management Incentivisation Plan ('SMIP') for the
benefit of directors and senior management. 300,000 of these shares have now
been allotted (the 'New SMIP Shares') to a GSH Employee Benefit Trust. The
remaining 70,000 shares will be sourced as to 41,790 from remaining shares in
another employee benefit trust and the balance from either market purchases or
from the allotment of new shares in due course. The purpose of the SMIP is to
help secure and lock in the services of key members of GSH's senior management
team. The SMIP is designed to provide a mechanism through which a pool of shares
may be held for senior management with the principal condition that the
beneficiaries must be employed at the end of a three-year period from the date
of issue when the shares would vest in them absolutely together with any accrued
dividend income over the three-year period. No awards of shares have yet been
made under the terms of the SMIP. Application has been made for the New SMIP
Shares to be admitted to AIM. Admission is expected to become effective on 20
June 2007.


Trading update


As reported on 23 March 2007 in the interim results statement for the six months
ended 31 January 2007, GSH entered the second half of the year with a record
order book and a very healthy order pipeline in all of its key markets. Since
then the Group has enjoyed a steady flow of new business and the order book
continues to be very strong. Trading conditions during the second half of the
year have remained buoyant and the directors look forward to providing an update
on developments and reporting the Group's full-year performance in October.

600,000 of the shares have been placed by Ian Scarr-Hall so now he's down to an 83.3% holding !!!!!

The Company has begun to get institutional support and will continue to do so as and when Scarr-Hall offloads further shares.

Still has the potential to be one of the best performing stocks in the market.

Ian