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French Connection

February 2011

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:
  • FCCN
  • Price:
  • 84.75p
Following on from the November upgrade to profits, French Connection has this month posted another update, which said trading remains ahead of expectations. In the light of this, a note from broker Numis headlined,  “Fill your boots†has lifted its pretax profit forecast for the year ended February from £5.3m to £6.8m (eps 4.9p).The strong trading momentum is being led by a strong performance from the licensing and wholesale sides, whilst trading in UK retail remains soft as expected (although menswear has suddenly sparked to life).For the year starting 1 March the forecast rises from £7.5m to £8.2m pretax profit (eps 5.9p) but our suspicion is that this is just the start of many upgrades. ...

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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.

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

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