Updates and Ideas

Filta - Forecasts raised 26% after eps enhancing deal

January 2019

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.

Filta (FLTA; 211p) was profiled in December ‘16 at 95.5p and was also a NAP last year, rising 86% at one point. Like Water Intelligence (WATR; 238p), the business is a franchise operation, which allows it to expand without a commitment to capital. It also has its sights on fast growth in the US and has a growing company-owned services arm. It is going like a train - this month saw FY19 eps forecasts raised 26% to 11.8p after an eps enhancing acquisition. The family dominated company runs a franchise operation involved in cleaning deep fat fryers in commercial kitchens (across pubs, hotels, restaurants, hospitals, schools and fast food outlets). Its franchise partners visit commercial kitchens in the UK and the US on a w ...

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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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