Updates

Mothercare

November 2015

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.

Mothercare has issued an in-line trading update for Q2 ended 10 October.The UK delivered LFL sales growth of +6.5% helped by growing online sales (+20%) and Mothercare continued to sell a high proportion of product at full price. That was on a same stores basis and excluded 10 closures and three openings, which left 173 stores trading from 1.6m sq ft of retail space (down 7%). International franchised stores continued to face a currency headwind. 11 new stores were opened to end the quarter with 1,310 stores and 3m sq.ft (up 6%). Sales were +5.6% on constant currency (-5.3% on actual).Goldman Sachs’ eps forecast for current year to end March is 10.4p, lifting to 16.1p. Its one year target is 296p ...

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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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