Updates

French Connection

June 2012

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.

French Connection has said that UK like-for-like sales are down 12% in Q1 (15 week period to 17 May 2012). Sadly the picture looks bleak for UK retail with the company saying the strong demand for discounted product in the winter sale had spilt over into Q1 and also produced lower margin. Meanwhile, the UK/Europe wholesale division was in-line, the profit improvement in North America has continued and licence income has continued to build. Numis has cut its pretax profit forecast from Â£4.7m to a loss of Â£0.5m this year. We tipped the shares at 53p in November â€˜10 and after a subsequent surge to 134p, the price has gone into remission. We canâ€™t see any quick fix and are dropping update cover. ...

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CSR

Silverdell

French Connection (March 2012)

French Connection (December 2011)

French Connection (October 2011)

French Connection - Reports on 19 September (September 2011)

French Connection - Continues to open overseas franchised stores (June 2011)

French Connection - UK Wholesale very strong (April 2011)

French Connection (February 2011)

French Connection - Soon to be on an ex-cash prospective PE of 3 (December 2010)

French Connection - To launch Sears range next April (November 2010)

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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