Updates

Cohort

February 2018

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.

Having suggested topslicing the shares at 412.5p a year ago, it seems to have worked well as the shares subsequently fell to under 285p, although they did make a recovery post interims to 400p. Sales were down from £50m to £44.8m and adjusted operating profit was down from £3.9m to £3.6m and this was despite a six month contribution from EID versus four months last year. Net cash was down from £8.5m to £5.7m after buying a further stake in EID from the Portuguese government (£3.5m) and also paying the earnout on MCL (£2.5m). Adjusted eps was 16% lower at 6.3p.In recent years, Cohort’s results have been weighted towards H2 and that is expected once again wi ...

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GVC - To join FTSE-100 after Ladbroke bid

SSP Group

Cohort (January 2017)

Cohort - Defence firm posts record profits (August 2016)

Cohort (January 2016)

Cohort - Eps enhancing deal in Portugal; gain since January 58% (September 2015)

Cohort - 22% organic revenue growth in FY15 (July 2015)

Cohort (May 2015)

Cohort - Defence business with £147m order book on a tear (March 2015)

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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