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Kleeneze - Name change proposed to European Home Retail

August 2005

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:
  • KLZ
  • Price:
  • 123.5p
Kleeneze reported results for the year to 28 April with profit before exceptionals and tax of ?5.9m and earnings of 10.2p. The results were largely of academic interest given the internet acquisitions and the launch of the digital television channel.      As it was, sales, including ?5.3m from acquisitions, rose 11% to ?176m. Sales in the original businesses lifted by ?11m, split equally between Kleeneze catalogues (up ?6m to ?89m) and Farepak hamper business (up ?5m to ?76m). As we explain below, Farepak has had a torrid time and Kleeneze?s profit growth of ?0.8m was offset by Farepak?s profit slumping by ?1m.    Kleeneze reversed the recent decline in UK distributor numbers which li ...

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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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