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Smiths News - Shares gain 41% in a year

December 2013

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:
  • NWS
  • Price:
  • 215p
Shares in Smiths News, which we tipped a year ago at 153p, have pleasingly broken through £2 after strong results showed pretax profit rising 12% to £53m and eps almost 13% ahead to 22.4p. Net debt fell £2m to £98.5m.The legacy side, which supplies magazines and newspapers to retailers, saw revenues decline 2.5% to £1,529m, a good effort given the structural decline of “dead tree publishing†and reflects new business wins worth an annualised £45m. Cost cutting converted this into a 2.5% increase in profit to £40m. Encouragingly, it also won significant contract renewals with Associated Newspapers (Daily Mail) and the COMAG, which publishes various magazines including Conde Nast and Cosmopolitan. Together these are worth ...

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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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