Updates

DiscoverIE

July 2021

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.

Chief executive Nick Jefferies was in good cheer when I spoke to him following DiscoverIE’s results for the year to end March. As he points out, his business of supplying customised electronics is benefiting from four mega trends across his target markets of renewable energy, medical, transportation and industrial & connectivity, so despite Covid impacts, sales fell only 3% for the year to £454m. Pretax profit was down 4% at £31.5m and eps -14% at 26p. “Medical sales are back strongly in H2 as hospitals re-opened; the world is focussed on renewables; transportation had seen some projects delayed but some are coming back and industrial & connectivity just keeps on growing,” he adds. O ...

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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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