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Office2office - Prospective PE of 6

September 2009

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:
  • OFF
  • Price:
  • 153.5p
With a slowing UK economy it may be an odd time to make a case for a business like Office2Office (OFF; 153.5p), which supplies office consumables. This is because one of the key drivers for the office supplies market is the size of the UK workforce and whilst organisations do the obvious and examine their stationery costs in a downturn, it is the drop in staff numbers that has the greater impact on demand. Nevertheless it is worth taking the opportunity to tuck away a few shares because O2O has a strong element of repeat business and based on an earnings forecast of 25.4p for the year to December, they are trading on a multiple of 6x. And even if the market demonstrates negative growth, we think there is a terrific opportunity for the gr ...

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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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