Updates

Poundland

August 2015

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.

Having fallen from a high of 418p to below 300p, shares in discount retailer Poundland have rallied after maiden full year results showed sales rise 12% to £1.1bn while pretax profit increased 68% to £36.2m. Eps soared 105% to 11.3p, while net cash was £13.9m (2014: net debt: £4.7m).Like-for-like sales rose 2.4% at constant currency while gross margins improved by 0.2% to 37.1% reflecting improved buying power and an increase in own label product from 36.6% to 38% of sales. During the year Poundland opened 60 new stores taking the total to 588 in the UK, with trading space increased by 12% to 3.1m sq. ft. The group has a strong pipeline with 60 new stores planned for the UK and 10 in Spain.A key develo ...

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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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