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

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