Updates

Conviviality Retail

June 2014

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.

Conviviality has acquired 26 Rhythm & Booze offlicence units for £1.7m to extend its footprint in Yorkshire and the North East. The stores will be self-managed initially, rebranded under the Bargain Booze fascia and then moved to franchisees in time. Separately, ahead of full year results on 14 July, Conviviality said earnings will be slightly ahead of market forecasts. Like-for-like retail sales for Bargain Booze stores were flat but average-sales-per-store increased by 3.2% reflecting an improvement in the quality of the portfolio with margins up year-on-year. Net cash stands at £9.7m. Results are due on 14 July, with Panmure forecasting £9.7m pretax and eps of 10.6p, lifting to £12.6m and 12.3p this year. Keep on bu ...

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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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