Updates

Scapa

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.

Scapa, the consolidator in the tapes sector, has reported its full year results to end March, which beat even recently (3x) upgraded expectations. Sales went up just 4% to £236m but pretax profit was 20% ahead to £17.9m and eps rose 26% to 9.1p. Net debt was £3.4m after paying £11m for First Waters in February.The success driver was Healthcare which acts as an outsourcing partner for several global healthcare customers and it had the benefit of one month’s trading from First Waters. Sales were up 6% to £73.8m with operating profit ahead by 9% to £11.1m. Margins were up 30 basis points to a record 15%.In terms of “old” Scapa, the industrial tapes business benefited fr ...

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Arrow Global

Tungsten

Scapa - Factories "essential business" status (April 2020)

Scapa (December 2018)

Scapa (November 2017)

Scapa - Now a 10-bagger since 2011 (July 2017)

Scapa (November 2016)

Scapa - Debt down massively (May 2016)

Scapa (January 2016)

Scapa (November 2015)

Scapa - Third profit upgrade since November (May 2015)

Scapa - £11.3m healthcare acquisition (April 2015)

Scapa - Moves to 24/7 shift working on healthcare side (July 2014)

Scapa - Healthcare side margins rocket (January 2014)

Scapa - Talks with Tapex (Korea) may resume (July 2013)

Scapa (December 2012)

Scapa (November 2012)

Scapa - Going to beat market forecasts (May 2012)

Scapa - Buys US adhesive-backed woundcare manufacturer (March 2012)

Scapa - New markets in medical and electronic tapes look good (November 2011)

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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