Updates

Flying Brands - Launching Greetings Direct in Australia

September 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.

Flying Brands has reported results for the six months to 29 June, which despite a tougher retail climate and higher postal costs showed profit before tax maintained at £3.1m. Turnover was up 20% to £25.2m helped principally by the acquisition of Greetings Direct (the continuity card marketing operation) and excluding this, on a like-for-like basis sales were down 7%. Eps however went up 7% to 10.3p due to a lower tax rate. When we spoke to chief executive Mark Dugdale last month, he pointed out that the increased cost of Jersey post is around £0.75m on an annual basis but this is mitigated by the Jersey tax status with the tax rate reduced from 20% to 10% on 1 January and expected to become 0% from 2009. ...

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Flying Brands - Recants on Jersey roots (November 2009)

Flying Brands - Director buys 13% stake (May 2009)

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Flying Brands - Collins Stewart upgrade forecasts (April 2004)

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Flying Brands - Launching new initiatives (April 2002)

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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