Updates

Swallowfield - Price target rises 20p to 390p

April 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.

Swallowfield released strong interim results and there was a useful in-fill acquisition, which drove upgrades.For the six months ended 6th January revenue was £40m (2017: £39.7m) while underlying profit increased 11% to £3.4m. Encouragingly, the higher margin Owned Brands division has increased its share of sales to 31% from 25% a year ago. Net debt rose from £5.5m to £7m after £1.85m final deferred consideration for Brand Architekts.Although Contract Manufacturing (aerosols, deodorants etc) saw a 6% reduction in sales to £28.7m and 10% profit fall to £1.9m, it was up against tough comparatives and trends are positive. There’s good growth of plastic aerosol products, about ...

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SWallowfield - Shares spike to over £4 (December 2017)

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Swallowfield - Shares spike to new high (April 2017)

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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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