Updates

N Brown - Sales of the 5 Strategic Brands turn positive in Q4

June 2021

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.

Despite the challenges of Covid and close to every retailer moving into losses, BWNG reported EBITDA of £86.5m and has introduced guidance for the current year of £93-£100m. EBITDA margin remained strong at 11.9% - and that is better than Boohoo despite its smaller sales - and management again reiterated medium term targets for 14%.I have little doubt in my mind that a sharp change in fortunes is underway and this is why the shares are held by GP3. Often the big fish take time to land. The year saw BWNG complete the £100m refinancing to leave it debt free (£81m core net cash) and remaining debt (£382m) is secured on customer receivables. BWNG has right sized its cost base, accelerated its transfo ...

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Future - Exceptional H1 with forecasts climbing 25%

Calnex

N Brown (February 2023)

N Brown - Peel Hunt forecasts eps to rise to 12.6p in year starting 1 March (February 2021)

N Brown - Online clothing and homewares retailer on single digit PE (December 2020)

N Brown (March 2018)

N Brown (February 2017)

N Brown (November 2016)

N Brown (August 2016)

N Brown - Fit4Future rollout continues apace (May 2016)

N Brown - £45m annual payback from £64m investment (March 2016)

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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