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Carluccio's - Finance director buys shares

February 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:
  • CARL
  • Price:
  • 58p
Shares in Carluccio's (CARL; 58p) have seen a massive de-rating during the past 12 months. Although results for the year to 30 September exceeded expectations, rising costs and the challenging consumer environment has meant that this year brokers are forecasting £5m pretax against the £5.6m it reported last year. The market response has been a heavy sell off and the company, which traded on a PE in the mid-30s, now trades on a prospective PE of 10 based on the current year forecasts of eps of 5.7p.But Carluccio's still has an excellent formula for its deli-restaurant chain. Each unit features a food store at the front, which stocks a wide range of authentic Italian products like pasta, wine and olive oil and a restaurant at the ...

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Carluccio's - 45% gain in four months (September 2010)
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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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