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Land of Leather

March 2007

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:
  • LAN
  • Price:
  • 263p
Land of Leather has issued a trading update for Q2, a period which included the important January sales period. This said that the store opening programme remained ahead of plan with seven stores opened in Q2 (building on the six opened in Q1) and giving rise to total sales for Q2 up 12.8% but down 4.6% on a same-stores basis, partly due to the strong comparatives of 10.5%. Even despite the faster than expected opening programme, introducing new costs into the P&L (pre-opening costs and early trading losses could be £1m from the 13 stores), the company has managed to increase its gross margins so that it still anticipates H1 is going to be significantly ahead of last year. However, it said that overall, the difficult ...

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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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