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Xpediator

September 2020

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:
  • XPD
  • Price:
  • 20.5p
I omitted an update on Xpediator’s full year results last time due to space. As it was, sales for the year to 31 December were up 19% to £213.2m with growth split equally between acquisitive and organic.Adjusted pretax profit, however, fell sharply to £5.2m due to a £2.4m investment in overheads/IT to accommodate future growth and also problems   across several businesses, which are now largely resolved (e-commerce and Braintree warehouse). Overall, eps were down 42% to 2.8p.All divisions were profitable, although the operating margin was squeezed to 2.2% from 3.6%, mainly due to lower margins in Freight Forwarding. Freight Forwarding is the original Delamode business and provides export cons ...

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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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