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Geest - September salad sales ahead of normal levels

November 2002

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:
  • GET
A recent update note from broker, Numis, reported that the warm weather in September has proved to be good news for bagged salad sales with the market ahead of normal levels by a few percentage points.  Numis also notes that Geest's business is seeing stronger volumes in sauces and improved trading at its pasta operations.  The broker forecast £41m pretax for the year (eps 41p) with £46m (46p) next year. The broker has a share price target of 625p.Buy. ...

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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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