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Authoritative Independent Monthly Share Selections Using Technical & Fundamental Analysis

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Franchise Brands - Pull-back lowers next year’s PE to just 12.0

August 2024

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:
  • FRAN
  • Price:
  • 152.5p
As previously flagged, adjusted EBITDA was at the top end of expectations at £30.1m, almost double year-on-year, on system sales that rose 88% to £350m, aided by an eight-month contribution from Pirtek Europe. Eps rose 1% to 8.4p reflecting a higher tax rate. Pirtek, which provides on-site emergency repair hydraulic hose replacement services, generated £13.3m EBITDA (44% total) and enjoyed record trading in spite of some softening in the construction and hire fleet customer sectors, particularly the UK and Germany, although other sectors (waste management, logistics and rail) are growing strongly. Management are now focused on unifying Pirtek’s systems onto common platforms to improve functionality and drive savings, as well as sh ...

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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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