Updates

DiscoverIE

May 2020

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.

DiscoverIE has said Q4 saw some isolated disruption to its two manufacturing facilities in Guangdong where it temporarily closed the sites. The sites are however once again operational, with production returning to planned levels. Aside from this, trading elsewhere has been in line. Ample liquidity is available with debt of c.£70m expected at the March year end leaving c.£100m of additional credit available. Panmure has shaded its eps forecast by 3p to 26.6p for the year ended, but with some demand impact in the current year, the forecast is cut by 6.5p to 24p. Hold. ...

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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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