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Findel - Express Gifts momentum continues

July 2013

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.

New share price highs after results. On a continuing basis, adjusting for the healthcare side which has been sold and exceptionals, Findel recorded sales up 6% to Â£491m and pretax profit up 53% to Â£12.9m.The big swing factor was Express Gifts, which carried on last year's upward push and delivered sales 13% higher at Â£263m and 16% growth in operating profit to Â£21.8m. Speaking to chief executive Roger Siddle, it is clear that for the first time in quite a while the catalogues have begun to attract new customers, with customer numbers up 8%. But with customers often taking credit on purchases, Findel is not chasing scale at the expense of risk and its new credit scoring mechanism is now fully operational and is allowing ...

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Waterlogic

Wincanton

Findel - Soon-to-be-prospective PE of just 7.9 (March 2015)

Findel (January 2014)

Findel - Highly geared for the long haul (September 2013)

Findel (April 2013)

Findel (February 2013)

Findel - Shares spike up on institutional buying (January 2013)

Findel (December 2012)

Findel -Prospective PE of 6.2 (November 2012)

Findel (May 2010)

Findel (February 2010)

Findel (October 2009)

Findel - PE of 7.7 versus sector average of 14 (September 2009)

Findel - Forecast upgraded following GLS acquisition (January 2005)

Findel - No loss of momentum on either side (June 2004)

Findel - Subprime recurring revenues (July 2002)

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