Primary Recommendation

Norcros - Plans to grow sales to £420m within three years

July 2015

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.

We are continually reminded in investment that the past is not a guide to the future. Fair enough but at SCSW we still always take note when a company sticks its neck out and sets a specific target for growth. Take the example of recruitment specialist Staffline (STAF; 1396p), which when SCSW wrote about it in May 2011 at 216p, had just laid out a strategy to triple its £6m profit within three years. It bettered it and in 2014 the company introduced a new “triple the triple” target by 2017. Another company that similarly laid out its stall was Vislink (VLK; 56p) with a target to grow profit to £8m from a base of £3m between 2011-2014. It had a near miss but the shares still re-rated. Entertainment One (ETO; 372p) is a third example and t ...

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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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