Updates

Scapa - Debt down massively

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.

Following a strong finish, Scapa has reported that profits and margins for the year ended March are both ahead of market expectations. The Healthcare side has included an extra six months from First Water and sales are up 26%, or 19% at constant exchange rates, with margins maintained year-on-year. The Industrial tapes business’ Swiss plant (Rorschach) is on track for September closure, to generate savings of £2m pa.Results are due on 24 May. Numis forecasts eps of 9.1p for the year just ended and 10.6p this year but with debt now down to £2.7m we suspect an acquisition will arrive before too long.Tipped at 47p in November’11. Gain 419%. Retain holdings. ...

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Wilmington

Judges Scientific

Scapa - Factories "essential business" status (April 2020)

Scapa (December 2018)

Scapa (November 2017)

Scapa - Now a 10-bagger since 2011 (July 2017)

Scapa (November 2016)

Scapa (January 2016)

Scapa (November 2015)

Scapa (June 2015)

Scapa - Third profit upgrade since November (May 2015)

Scapa - £11.3m healthcare acquisition (April 2015)

Scapa - Moves to 24/7 shift working on healthcare side (July 2014)

Scapa - Healthcare side margins rocket (January 2014)

Scapa - Talks with Tapex (Korea) may resume (July 2013)

Scapa (December 2012)

Scapa (November 2012)

Scapa - Going to beat market forecasts (May 2012)

Scapa - Buys US adhesive-backed woundcare manufacturer (March 2012)

Scapa - New markets in medical and electronic tapes look good (November 2011)

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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