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Authoritative Independent Monthly Share Selections Using Technical & Fundamental Analysis

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Connect Group - Disappointing update

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:
  • CNCT
  • Price:
  • 143.75p
Connect Group (formerly Smiths News) released an update covering the 19 weeks to 10 January, which was something of a mixed bag.Sales at the news division, which distributes newspapers from publishers to retailers, were down 2%. Magazine distribution rose 5.2%, while Book wholesaling declined 1.2%.Education & care, which supplies consumables such as stationery, arts & crafts and janitorial products to schools and had previously been the jewel in Connect’s crown, disappointingly decreased sales 2%.We had previously viewed the recent acquisition of Tuffnells Parcels Express, which distributes next day B2B packages for items of irregular dimension and weight, as a major positive for Connect but the decline in ...

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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.

All material on this website is protected by copyright. You may use Information retrieved from the www.scsw.co.uk website for your own personal non-commercial use which means that you may not sell or copy this information to any third party without prior written consent. ISSN 1358-183X

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