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Marks Electrical

July 2023

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.

  • Epic Code:
  • MRK
  • Price:
  • 97p
Marks Electric stands almost 50% over the price at which I wrote on it last November. Sales were up 22% to £98m, but this is against the backdrop of the Major Domestic Appliances (MDA) market declining 10% to £4.2bn in the period  and the online element, which is 55% of this, decreased at a faster rate. In this context, Marks’ positive growth represents an increase in market share from 2.0% to 2.5% in MDA (3.5% to 4.7% in the Online segment). Pretax profit was £6.4m (+3%), and eps 4.9p (+4%). Net cash ended the year at £10m up from £3.9m. For most online retailers - particularly in clothing - it can take many repeat orders and many quarters (and even years) before a customer pays back on marketing spend. This is because profit con ...

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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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