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Kleeneze

January 2004

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:
  • KLZ
  • Price:
  • 135p
Another using the same low cost means of distribution, Kleeneze has announced results for the six months to 31 October and resumed payments of dividends.  On a continuing basis, sales rose by 2% to £75.6m but operating profit lifted by 8% to £2.8m before an exceptional relating to the disposal of DMG. These exceptionals which had been flagged previously amounted to £11.8m.  The core Kleeneze operation was slightly below what we have come to expect.  Kleeneze UK is a network marketing business which offers a range of home and personal care products through catalogues distributed to customers' homes by independent distributors. Sales were down 2% to £42.0m as the number of distributors declined ...

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Related Articles

Kleeneze - Name change proposed to European Home Retail (August 2005)
Kleeneze - Acquires second e-retailer (May 2005)
Kleeneze - Eezee TV launch on 24 February (February 2005)
Kleeneze - Rollason starts to deliver (November 2004)

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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