Updates

Mothercare

March 2016

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.

Ahead of its results on 14 April, Mothercare issued a Q3 statement that said performance remains in line.The UK side saw like-for-like sales +4.2% (H1 +3.8%) helped by online growth, which now represents over a third of total UK sales. The warm weather led to a higher stock position but this has been aggressively cleared, although gross margin was maintained. The period ended with 172 stores (164 Mothercare and eight ELC) and 1.6m sq ft of retail space. That's a 6% year-on-year reduction in space and consequently total sales were down -0.1%.However, international sales were down 1.3% in constant currency (down 9.5% in actual) despite 5.8% space growth. The trading performance was particularly difficult in Middle East and ...

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NAHL

Benchmark - Down but certainly not out

Mothercare (May 2016)

Mothercare (November 2015)

Mothercare (August 2015)

Mothercare (June 2015)

Mothercare Q4 shows 5.1% like-for-like growth (May 2015)

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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