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Authoritative Independent Monthly Share Selections Using Technical & Fundamental Analysis

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Clapham House - Healthy pipeline of new openings

August 2007

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:
  • CPH
  • Price:
  • 380p
Shares in fast-growing restaurant operator Clapham House smashed through £4 after it produced a cracking set of final results ahead of forecasts. For the year ended 1 April, turnover rose 165% to nearly £46m, with pretax profit before reorganisation costs rising 480% to £2.9m. Diluted earnings rose from 2.9p to 7p, beating forecasts of 5.4p, thanks to a lower than expected tax charge and sharply higher gross margins, which rose from 34% to 37%, driven by lower average food and labour costs as economies of scale started to kick in. Net debt was £9.5m, which is well inside its ceiling of £19m and in any case doesn’t include the £5.1m which was raised post the year-end to finance expansion. ...

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Related Articles

Clapham House (January 2008)
Clapham House - 13 new openings this year (November 2007)
Clapham House - Potential to open at least 300 restaurants (May 2007)

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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