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Land of Leather

November 2007

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:
  • LAN
  • Price:
  • 214p
Having had a fairly pleasing update in September, when Land of Leather reported its store opening programme was ahead of plan, the company has now warned of difficult trading in Q1 as the effect of five interest rate rises filter through. For the 13 weeks ended 28 October, total sales were boosted by 5% due to nine new store openings but like-for-like sales fell by 9.2%, although these were against strong comparables. Shore Capital forecasts eps of 29.5p for the year, so the PE is only 7.2. It remains a class act but in a sector that is well out of favour; we will drop update cover. ...

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Related Articles

Land of Leather (September 2007)
Land of Leather (June 2007)
Land of Leather (March 2007)
Land of Leather - Strong management team (December 2006)

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.

All material on this website is protected by copyright. You may use Information retrieved from the www.scsw.co.uk website for your own personal non-commercial use which means that you may not sell or copy this information to any third party without prior written consent. ISSN 1358-183X

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