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Clapham House

January 2009

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:
  • 84p
The shares have bounced sharply from their lows of around 50p in December which had been caused by one leveraged investor finally unwinding its CFD position, even though Clapham House had just reported some good results.For the six months to 28 September, Clapham House reported that trading has continued to be satisfactory across its estate. Revenues were up 21% to £30.3m and operating profit increased by 26% to £3.7m. Pretax profit was up from £0.7m to £1.5m after being restated to exclude the sale of Bombay Bicycle Club in July. Earnings were 2.6p.Period end net debt was £12.1m leaving £10m headroom on present facilities. Having bunched up most of its opening programme since the period end, when nine UK and five ove ...

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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.

All material on this website is protected by copyright. You may use Information retrieved from the www.scsw.co.uk website for your own personal non-commercial use which means that you may not sell or copy this information to any third party without prior written consent. ISSN 1358-183X

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