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Authoritative Independent Monthly Share Selections Using Technical & Fundamental Analysis

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SSP Group - Numis says forecast risk is ‘to the upside’

February 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:
  • SSPG
  • Price:
  • 286p
After being range bound since May the shares have broken to new highs following full year results slightly ahead of expectations. Operating profit rose 10.1% to £97.4m on sales up 0.3% to £1,433m but stripping out currency headwinds underlying growth was 17.6% and 4.3% respectively. Operating margins rose 0.47%.SSP operates nearly 2,000 food service outlets in railway stations and airports through brands such as the Upper Crust and Café Ritazza.The UK was the standout with profit rising almost 32% to £52.7m (helped by a £5.9m fall in depreciation reflecting retirement of certain fixed assets) on sales up 1% to £727m. Growth was rosy in the airport sector reflecting a strong rise in passe ...

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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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