Updates

Joules

February 2017

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.

Key news during the month is that Lloyds’ stake, which has been an overhang in the shares, has finally been placed out, falling from 7.1% in September to below the notifiable 3% threshold. During the month, Joules said that it had seen strong Christmas trading in the seven weeks to 8 January, with total retail sales up 22.8% and gross margins slightly ahead. Finncap estimates that sales growth for the first 33 weeks are +17.6% versus its forecast of +14.1% and with strong growth evident in the Spring/Summer 2017 wholesale order book, this all provides upside scope to forecast eps of 9p. Keep buying. ...

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Styles & Wood - Eps forecasts upgraded to 54.4p and 59.4p

Supergroup - Peak period Q3 sales growth accelerates to 14.9%

Joules (September 2022)

Joules (March 2022)

Joules (December 2020)

Joules - Online balloons to 74% of Retail (November 2020)

Joules - +40% surge in online sales (July 2020)

Joules (February 2020)

Joules (January 2019)

Joules (July 2018)

Joules - 6% upgrade after sensational Christmas (February 2018)

Joules - Notes from my pre-close visit (July 2017)

Joules (March 2017)

Joules - E-commerce expected to be 33% of retail sales this year (January 2017)

Joules (October 2016)

Joules Group - Opening 10-12 new stores a year (September 2016)

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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