image

The best stocks to buy since 1993

Our latest issue will be released in 13 days, don't miss out!

SIGN UP NOW
Updates

Marks Electrical - Pays its maiden dividend

September 2022

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:
  • MRK
  • Price:
  • 62.5p
Marks Electrical (MRK; 62.5p) is the second online-only retailer I spoke to this month but unlike On the Beach (OTB; 121p), which I cover on the front page, it specialises in selling bulky, “unfriendly freight” subcategories such as cookers, refrigerators and washer/dryers. These big ticket items put its exposure at the sharper end of a consumer downturn.  But speaking to founder and chief executive Mark Smithson, he notes that against a market decline of over 20% in the first four months of this year, the business grew by 13.7% as it took market share. The business is also already profitable and has just declared its first dividend - making it unusual for an online retailer. But all this has not stopped the market taking fright with the ...

To access our archive of articles and to receive current issues you need to subscribe.

Subscribe now

Already a subscriber? Login

Related Articles

Marks Electrical (July 2023)

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

LIMITED PERIOD OFFER!

SUBSCRIBE TODAY AND SAVE £30 WITH OFFER CODE 30OFFSCSW

To access our archive of articles and to receive current issues you need to subscribe

SUBSCRIBE NOW