Updates

Findel - Forecast upgraded following GLS acquisition

January 2005

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 beaten last year’s forecasts by almost £2m, Findel has reported a good set of results for the first half, usually the quieter of the two halves (H2 is usually 90% of profits). The performance was driven by continuing strong growth on the home shopping side and a recovery in educational supplies. As a result the shares now stand almost £1 higher than our update note last June but are double the 232p tip in Nov. ‘02. A key driver was continued strong performance from home shopping where H1 sales rose 16% to £98m and operating profit lifted by 76% to £4.1m. Marketing spend was brought forward during this period (up £4m to £21m) and was the key to the growth. The accel ...

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Blueheath

Erinaceous

Findel - Soon-to-be-prospective PE of just 7.9 (March 2015)

Findel (January 2014)

Findel - Highly geared for the long haul (September 2013)

Findel - Express Gifts momentum continues (July 2013)

Findel (April 2013)

Findel (February 2013)

Findel - Shares spike up on institutional buying (January 2013)

Findel (December 2012)

Findel -Prospective PE of 6.2 (November 2012)

Findel (May 2010)

Findel (February 2010)

Findel (October 2009)

Findel - PE of 7.7 versus sector average of 14 (September 2009)

Findel - No loss of momentum on either side (June 2004)

Findel - Subprime recurring revenues (July 2002)

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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