Updates

Acal

May 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.

Acal reported a better than expected finish to the year to end March. Sales were up 6% (14% at constant exchange rates), driven by acquisitions and 3% organic growth in the high margin Design & Manufacturing business, which now accounts for over three quarters of profits. Sales in Custom Distribution were down 7% at constant exchange rates, affected by three large non-repeating orders last year and a challenging underlying market.Before the news Finncap was forecasting sales of £297m, pretax profit of £14.4m and eps of 16p for the year ended. With a full year contribution from the three acquisitions, this year’s forecasts are £326m, £17.6m and 19.3p. Strong hold. ...

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ISG

Victoria

Acal (March 2016)

Acal (February 2016)

ACAL (December 2015)

Acal (July 2015)

Acal - Eps forecasts upgraded by 5% following acquisition (February 2015)

Acal (November 2014)

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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