Updates

Joules - 6% upgrade after sensational Christmas

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.

The shares hit a new high after Joules issued its Christmas update with sales +19.2% in the seven weeks to 7 January. Retail revenues were up 18.2% helped by 10 new stores and higher e-commerce sales. Wholesale sales went up 23%. Despite the FX cost headwinds and the higher wholesale element in the mix (and this is lower margin), overall gross margins are expected to stay at 55.5%.Finncap upgraded in December and has upgraded eps once more by 6% from 12p to 12.7p for the year ending in May. Next year’s forecast is also nudged higher by 2% to 15.5p. The broker has raised its target price to 345p. Keep holding. ...

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eServGlobal

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

Joules (March 2017)

Joules (February 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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