Updates

Scapa - £11.3m healthcare acquisition

April 2015

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.

Scapa has bought First Water for £11.3m, with a further £4m to be paid based on future performance. First Water is a manufacturer of advanced wound dressings. A high element of sales are from patented products, with particular strength in hydrogel products, an area where Scapa has little current coverage. Based on the initial consideration Scapa has paid 16x operating profit or 2.1x sales. First Water adds a UK manufacturing base and throws up cross selling opportunities.Separately, Scapa has said results for the year to end March are ahead of expectations with good growth despite adverse fx movements. N+1 Singer has upgraded to eps of 8p for the year ended March, with 8.4p this year. Strong hold. ...

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Kalibrate

Tribal - Targets eps of 17p by 2017

Scapa - Factories "essential business" status (April 2020)

Scapa (December 2018)

Scapa (November 2017)

Scapa - Now a 10-bagger since 2011 (July 2017)

Scapa (November 2016)

Scapa - Debt down massively (May 2016)

Scapa (January 2016)

Scapa (November 2015)

Scapa (June 2015)

Scapa - Third profit upgrade since November (May 2015)

Scapa - Moves to 24/7 shift working on healthcare side (July 2014)

Scapa - Healthcare side margins rocket (January 2014)

Scapa - Talks with Tapex (Korea) may resume (July 2013)

Scapa (December 2012)

Scapa (November 2012)

Scapa - Going to beat market forecasts (May 2012)

Scapa - Buys US adhesive-backed woundcare manufacturer (March 2012)

Scapa - New markets in medical and electronic tapes look good (November 2011)

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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