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Safestyle - Forecasts upgraded after maiden results

May 2014

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:
  • SFE
  • Price:
  • 194p
The shares went over £2 at one point after maiden results came in ahead of forecasts, demonstrating the operational gearing inherent in its business and the improved housing market. For the year to 31 December, sales were up 13% to £124.8m and pretax profit was up 57% to £15m. Earnings were 14.8p. The sales increase was driven by the number of units installed increasing by 8% to 250,185 on the back of 55,112 installations. Importantly there was 5.5% growth in average price per unit from £470 to £496. Marketing costs were lower with a smaller proportion coming from door canvassing and more being generated from the internet underpinning the 40 basis point increase in operating margin to 12.7%. Safestyle has supplemented its  ...

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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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