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Thorntons - Gain since September '13 tip: 85%

February 2014

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:
  • THT
  • Price:
  • 140p
Thorntons' Q2 update (the largest quarter) confirmed a good Christmas was under its belt. FMCG divisional sales (namely UK commercial wholesale, international sales, and private label) were up 17.1%, more than filling the gap left by lower sales from its UK stores, which fell by 2.9%. After store closures, like-for-like sales on the remaining estate of 281 stores (a better reflection of the quality of the remaining estate) is up 3.5%. Charles Stanley forecasts 7.6p for the year to end June, with 10.5p and 14p over the following two years, implying a 33% growth rate over each of the next two years. Tipped at 75.5p in Sept '13, the shares have almost doubled already but look set for higher gro ...

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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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