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Debenhams - Gain to date: 53.5%

April 2009

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.

  • Epic Code:
  • DEB
  • Price:
  • 55p
Despite brokers suggesting to sell into the rally and Baugur placing out its 13.2% stake, shares in Debenhams have powered ahead since the company’s H1 trading update. In the light of the statement Numis has lifted its forecast for this year to 30 August from £94m (7.7p) to £99m (8.1p). The upgrades are powerfully supported by improvements in gross margin compared to last year. In particular, continuing recent trends, Debenhams is experiencing a higher proportion of sales from own bought ranges and particularly the Designers at Debenhams ranges. Overall like-for-like sales were down 3.6% but this was hampered by two weeks of snow and clearly Debenhams continues to take market share from its competitors. Net debt is stil ...

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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.

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