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Thorntons

October 2013

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:
  • THT
  • Price:
  • 97p
After our extensive write up last month there isn't much to add following the results, suffice to say these came in ahead of expectations and there have been some cracking upgrades. Sales had been flagged up 2% at £221m and driven by strong growth on its commercial side, profit before tax and exceptionals emerged at £5.6m, for eps of 6p. Ebit margins were 3.3% versus 1.3% in FY12.Investec has upgraded this and next year's forecast by £0.4m to £7.2m (eps 7.6p) and to £9.6m (eps 10.2p). Accumulate on weak days. ...

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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.

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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