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Authoritative Independent Monthly Share Selections Using Technical & Fundamental Analysis

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Primary Recommendation

Lennox - Fast-growing importer brings taste of home to Spanish ex-pats

February 2005

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:
  • LNX
Lennox, which was introduced to AIM via a placing in December, is a fast-growing importer and distributor of food and drink related products to supermarkets and other retail outlets in Spain. The products, which include many well-known British brands, are sold predominantly to the expatriate community living in Spain as well as toBritish and other European tourists visiting the country. Lennoxhas really pressed the accelerator in recent years with pretax profit expected to have increased 61% to Eu. 2.5m in the three years ended  31 December 2004. It is clearly benefiting from the rise in the number of ex-pats settling in Spain but there are several otherexciting opportunities, such as replicating its concept into ne ...

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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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