Primary Recommendation

French Connection - To launch Sears range next April

November 2010

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.

There was an astonishing trading update during the month from English leather goods brand Mulberry (MUL; 520p), which reported that the first ten weeks of the year had seen blistering like-for-like sales growth of 79% in its UK stores. Mulberry makes most of its money supplying leather belts and handbags and the shares now trade on a multiple of over 40x. This might look high but analysts say it is fully deserved as the business has potential to develop as a global brand. Mulberry vividly demonstrates how a fashion brand can achieve a remarkable rejuvenation and sidestep most of the general problems in retailing. It stands at a market capitalisation of Â£300m against sales of Â£72m last year and the business is highly leveraged op ...

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French Connection (June 2012)

French Connection (March 2012)

French Connection (December 2011)

French Connection (October 2011)

French Connection - Reports on 19 September (September 2011)

French Connection - Continues to open overseas franchised stores (June 2011)

French Connection - UK Wholesale very strong (April 2011)

French Connection (February 2011)

French Connection - Soon to be on an ex-cash prospective PE of 3 (December 2010)

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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