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Authoritative Independent Monthly Share Selections Using Technical & Fundamental Analysis

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Walker Greenbank - Wallpaper firm trading at discount to sector

December 2012

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:
  • WGB
  • Price:
  • 72.5p
Results from high end wallpaper and fabrics group, Walker Greenbank were at the top end of expectations. On sales, which rose 2.4% to £38.3m it grew pretax profits 11% to £2.7m. Eps was up almost 15% to 3.8p. In the UK sales rose 5.6%, with key brands Harlequin, Sanderson and Morris doing well, while it successfully launched Scion, a new interiors brand aimed at younger customers. Encouragingly, licensing income rose 19% to £0.8m with strong growth in Japan. Overseas has also shown progress with the US increasing sales 22%, Eastern Europe (including Russia) 10%, while Far East grew 13%. That more than offset a 12% decline in Western Europe. With Edison forecasting eps of 7.5p in year to January, ris ...

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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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