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Land of Leather

June 2007

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:
  • LAN
  • Price:
  • 262.75p
Land of Leather has reported that trading performance over Easter was much better than its competitors’. Overall, total order intake was up by 21.8% in the 13 weeks to 29 April. On a same stores basis, Q3 orders were down 0.9%, a big improvement on the 4.6% decline in Q2 and broker forecasts therefore look secure. In total, 13 new stores opened in H1 with one additional store opened and one closed in Q3, leaving 94 stores. The company is planning to open 10 new stores in the next financial year, with five of these set to commence trading in August. Management once again re-iterated its confidence in meeting forecasts despite the stories of weak big ticket spend caused by rising interest rates. Broker Investec fore ...

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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.

All material on this website is protected by copyright. You may use Information retrieved from the www.scsw.co.uk website for your own personal non-commercial use which means that you may not sell or copy this information to any third party without prior written consent. ISSN 1358-183X

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