Updates

DiscoverIE

May 2018

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.

I haven’t updated on Acal since its name change to DiscoverIE but clearly the new name has sparked interest in the shares, which are now flying high.The year to end March has seen good growth in year-on-year profitability. Finncap forecasts sales to have grown 16% to £394m (c.+6% organically) whilst pretax profits are up a third at £22.9m. Orders for the full year grew organically by 5% and the order book finished the year 12% higher.The swing factor continues to be the Design & Manufacturing side, which generates c.75% of the group’s profits and generated organic sales growth of +11% in FY18. Since our last update, DiscoverIE has strengthened its position in the wind power, solar power ...

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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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