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European Home Retail

January 2006

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:
  • EHR
  • Price:
  • 90p
European Home Retail has seen profit forecasts cut in the wake of results for the six months to 31 October. Turnover was up 28% to £101.6m due to full six month contributions from the acquired TV and internet business (16% organic). The H1 loss before tax was £0.6m after a £1.1m investment in the TV home shopping channel, eezee tv and an increased net finance charge of £0.6m. Net debt at the period end was £7.6m. The catalogue home shopping division performed well with an operating profit of £3.4m, a 17% rise which was driven by an increase in active distributors in the UK and Ireland to 13,504 (from 13,374) as well as by a 13% rise in average sales revenue per retailer to £813. ...

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European Home Retail (April 2006)

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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