Updates

Scapa - Healthcare side margins rocket

January 2014

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.

A great month for the shares following the interims - they now stand 144% up from our Buy tip at 47p in November '11. Sales were up 8% to £111.6m and pretax profit (adjusted for £1.2m of exceptionals and new accounting standard on pension deficits - IAS19) was up 22% to £7.2m. Eps increased 20% to 3.2p. Almost one-third of sales were from Scapa's high margin healthcare side. Scapa used to be engaged mainly in supplying films and tapes (converting, assembly and coating activities) but more recently something has changed dramatically and the business is clearly on fire. This has been the addition of new services such as printing, packing and logistics to become aone-stop shop supplier for woundcare products - so all its customers ...

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2014 NAP Selections - Our favourites for the year ahead

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Scapa - Factories "essential business" status (April 2020)

Scapa (December 2018)

Scapa (November 2017)

Scapa - Now a 10-bagger since 2011 (July 2017)

Scapa (November 2016)

Scapa - Debt down massively (May 2016)

Scapa (January 2016)

Scapa (November 2015)

Scapa (June 2015)

Scapa - Third profit upgrade since November (May 2015)

Scapa - £11.3m healthcare acquisition (April 2015)

Scapa - Moves to 24/7 shift working on healthcare side (July 2014)

Scapa - Talks with Tapex (Korea) may resume (July 2013)

Scapa (December 2012)

Scapa (November 2012)

Scapa - Going to beat market forecasts (May 2012)

Scapa - Buys US adhesive-backed woundcare manufacturer (March 2012)

Scapa - New markets in medical and electronic tapes look good (November 2011)

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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