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incadea - 90% of full year forecast in the bag

June 2013

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:
  • INCA
  • Price:
  • 117p
Incadea has reported its full year results with revenues up 49% to €29.3m and operating profits up 77% to €5.5m. Adjusted eps was 7.8 cents. Adjusted (pre-IPO costs) EBITDA was €7.1m.At the heart of the great investment story is that incadea is expanding its global footprint to support the dramatic growth of global motor manufacturers. There is a terrific tailwind : China for instance has increased annual car production 15-fold in the past decade to 18m vehicles and is now the world's largest automotive market whilst Brazil has also grown at similarly high rates to become the 4th largest market worldwide. These OEMs are opening dealerships in-country and also exporting and opening abroad. During the year, 57% of revenues ema ...

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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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