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Authoritative Independent Monthly Share Selections Using Technical & Fundamental Analysis

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N Brown - C.70%-80% of FY'17 US$ requirements already hedged

August 2016

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:
  • BWNG
  • Price:
  • 168p
Although the shares have taken a drubbing after Brexit, N Brown has done little wrong with its update for 13 weeks ended 28 May confirming trading is in line.Group revenues fell 0.2% with product sales down 1.6% reflecting the generally subdued climate and planned re-phasing of marketing expenditure but these actually BEAT consensus expectations for revenues to fall 2% and product sales to decline 3%. Shore believes that given March trading was very weak, these figures suggest a positive swing of +5% product sales in the final 5-6 weeks.Financial services income rose 3.4% also beating Shore’s expectations of 0%. Management expect both arrears and provision rates for bad debts to “rise slightly in FY’1 ...

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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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