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Clapham House - Nando’s owner buys 11% stake

January 2008

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:
  • CPH
  • Price:
  • 166p
Clapham saw a temporary share price recovery in the light of newsthat private equity firm Capricorn Ventures, which owns the Nando'schicken chain, has acquired a 11.25% stake which is expected to be aprelude to a bid. Capricorn clearly knows Clapham’s management well, asit also took the Pizza Express chain private the first time round in2003. At the time, David Page and Paul Campbell, who are now chairmanand chief executive respectively of Clapham House, both also headed upthe pizza business. During the month, Clapham also reported that H1 to 30 September isin line with last month’s trading update. Revenues increased 37% to£28.1m and operating profit increased 58% to £1.5m. Pretax profitincreased 34% to £1.2m after interest ...

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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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