Updates

Flying Brands - Director buys 13% stake

May 2009

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.

The big development during the month was the director dealings with chief executive Stephen Cook buying a stake of 3.16m shares at 50p, a significant premium over the price the day before the deal and equivalent to an interest of 12.48%. The seller was Channel Hotels and Properties Limited.Flying Brands also issued a pleasing update for Q1 to 3 April that said order intake for the ongoing business is Â£12.7m, up 2.4% on a like-for-like basis against Q1 last year. The second half will benefit from a ferocious efficiency drive including a reduction in employee costs (which total approximately Â£3m) of more than 15% whilst maintaining its ability to service clients.Flying Flowers orders were Â£3.1m against Â£3.3m in the period ...

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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.

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