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Authoritative Independent Monthly Share Selections Using Technical & Fundamental Analysis

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Bonmarche - Rise in operating margins

February 2015

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:
  • BON
  • Price:
  • 309p
While other fashion groups have succumbed to the mild autumn, womenswear value retailer Bonmarche has emerged unscathed.Revenues, pretax profit and eps rose 12%, 68% and 90% to £91.1m, £6.4m and 9.9p respectively for the half year to end September. After paying a maiden dividend and capex of £4.1m, net cash improved to £13.5m.Given the weather vagaries this was a tale of two halves with Q1 like-for-like sales jumping 15.8% while Q2 sales rose just 4.6%. Within that, online (7.2% of sales) grew exceptionally by 54% and 47.6% respectively. The strong performance is testament to Bonmarche’s better buying & ranges and its ability to quickly re-order best-selling lines. Costs increased 10.7% due t ...

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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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