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Authoritative Independent Monthly Share Selections Using Technical & Fundamental Analysis

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Peacock - Bonmarche proving fantastic deal

August 2003

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:
  • PEA
Shares in value-for-money clothing retailer, Peacock have really started to motor following our buy recommendation just two months ago at 129p.  As we predicted, Peacock's 2003 full year results unveiled a further improvement in trading and this trend continued at its AGM on 16 July.  Overall like-for-like sales growth was 10.8% in the first quarter to 30 June.  Both the Peacock andbonmarché chains made substantial progress, with the former's grossprofit rising 9.1%, driven by an increase in the number of storesrefurbished to 106, which accounts for 30% of this chain's sellingspace.  Meanwhile, bonmarché trumped that performance byincreasing underlying gross profit to  21.1% - and this withoutspen ...

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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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