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Richmond Foods - New share price high

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.

  • Epic Code:
  • RFD
  • Price:
  • 670p
Lack of space last month caused us to omit commenting on results for the year to 1 October. As expected, Richmond finished 2004 on a high note with sales up 13% to £143.6m including two earnings enhancing acquisitions during the period. In terms of organic sales growth, this was 1% but a credible performance in a market which declined by 12% year on year due to poor weather in two of the usually high sales months of July and August. Normalised pretax profit was £13.9m for eps of 43.4p, both up 33%.75% of sales were to the supermarket (take home) market. Last year this market declined by 6.5%, although Richmond continued to win market share and is now the largest manufacturer in this sector with a 33.7% share against Wa ...

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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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