Updates

French Connection

March 2012

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.

French Connection's overseas wholesale and licensing operations continue to make good progress. The bugbear is UK retail and although trading picked up during Christmas, it was less than hoped. Like-for-like sales fell short and are guided to be flat for the full year, implying a run-rate through Q4 of around +5%. Unfortunately gross margins have also been under considerable pressure. Numis has lowered its forecast for the year already ended to Â£4.7m (eps 3.7p) with a modest recovery to Â£5.6m (4.2p) this year. The downside is limited by Â£33m cash. Hold. ...

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Shaft Sinkers

Supergroup

French Connection (June 2012)

French Connection (December 2011)

French Connection (October 2011)

French Connection - Reports on 19 September (September 2011)

French Connection - Continues to open overseas franchised stores (June 2011)

French Connection - UK Wholesale very strong (April 2011)

French Connection (February 2011)

French Connection - Soon to be on an ex-cash prospective PE of 3 (December 2010)

French Connection - To launch Sears range next April (November 2010)

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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