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Safestyle

June 2015

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:
  • SFE
  • Price:
  • 216.75p
Shares in Safestyle, which makes uPVC windows, went over £2 following post election housing euphoria. Good full year results have been announced since our last update with sales up 9% to £136m with adjusted profit up 10% to £16.8m. Adjusted eps was up 11% to 16.5p. Net cash at the year end was £8.2m, up £3.5m.The year benefited from (a) volume growth with a record 57,682 installations with volume of frames installed increasing by 7% to 267,642; (b) a 3% price increase; and (c) higher gross margins helped by an increase in the proportion of direct response leads and low input prices, albeit H2 margins were impacted by the cost of providing compulsory insurance backed guarantees to all customers (c.&poun ...

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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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