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Scapa - Shares register new high of 304p

December 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:
  • SCPA
  • Price:
  • 271p
The shares soared 25p to a new high of 304p after Scapa, the manufacturer of tapes and other adhesive products for the healthcare and industrial markets, released a strong trading update for the six months ended 30 Sept. Revenue, trading profits and margins are all running ahead of last year, helped by favourable currency movements and better than expected operational efficiency. Integration of EuroMed, acquired last May, is progressing well.Numis highlights that c. 25% sales are Euro related and there is presently a fabulous Fx tailwind. Meanwhile its Swiss plant at Rorschach is due to close shortly generating savings of £1m in the current year and £2m next.Numis has upgraded EBIT forecasts by £1m to £ ...

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Scapa - Shares briefly hit high of 295p (August 2016)
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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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