Updates

SSP Group

September 2018

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.

Despite softness in UK outbound passengers, SSPG has reported Q3 sales were up 7.3% and the shares are showing signs of breaking to all-time highs. Like-for-like sales growth in the UK and Continental Europe was driven by on-going growth in the air sector. As anticipated, trading in the rail sector continues to be softer. In North America, like-for-like sales growth was good, again driven by increasing air passenger numbers whilst there has also been strong contributions from new contracts. There have been good improvements in the operating margin ahead of the 50bps improvement reported in H1.Citi forecasts eps of 24.1p for the year about to end in September with 27.2p next year. Results are due on 21 November. Writ ...

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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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