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Ottakar's

April 2003

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

Following the introduction of tight financial controls and development of a "repeatable" model of larger Lifestyle stores (which include coffee shops and facilitate better overhead recovery) Ottakars' sales and profits have been growing since 2000. A further boost came in April last year, when Ottakars acquired eight stores from the receivers of James Thin which in a single move propelled the space opening programme forward one year to 93 stores at end 2002, a rise of 15 on the year. As it was, for the 53 weeks to 1 February, Ottakars' turnover rose 17% to Â£114.8m driven by the 22% increase in new space to 380,400 sq ft (44,500 from Thin and 23,500 openings). Excluding Thin and the new stores, like ...

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Imagination - No cash worries

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Ottakar's (February 2003)

With small companies there is an above average degree of risk compared to buying blue chips. Please be aware that we have not assessed the suitability of any of these investments for you. The newsletter simply states a personal view and diarises the editor’s investment decisions. Please speak to your stockbroker or other qualified individual to ascertain whether any of these companies mentioned would form useful additions to your own portfolios. Past performance is no indication of future success.

All material on this website is protected by copyright. You may use Information retrieved from the www.scsw.co.uk website for your own personal non-commercial use which means that you may not sell or copy this information to any third party without prior written consent. ISSN 1358-183X

Ottakar's

April 2003

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Ottakar's (February 2003)

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