Updates

SSP Group - Shares hit new high of 398p

February 2017

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.

As we said last July “an overdue chart breakout could be on the way” and that’s exactly what’s transpired with shares spiking to a new high of 398p. The catalyst for SSP, a leading operator of food and beverage concessions mainly in airports and train stations, was final results, which effectively achieved next year’s forecasts a year early! Turnover, pretax profit and eps increased almost 9%, 31% and 26% respectively to £1.99bn, £107.5m and 15.5p, helped by favourable currency trends. Excluding this, revenues and pretax rose 5% and 18.2%. The “beat” was otherwise partly due to new contract wins (+1.7% sales) but mainly thanks to a jump in operating margin from 5.4% to 6.1%, helped by ...

To access our archive of articles and to receive current issues you need to subscribe.

Subscribe now

Already a subscriber? Login

Marstons

Auto Trader - Operating margins soar 6%

SSP Group (March 2019)

SSP Group - Second consecutive special dividend (January 2019)

SSP Group (September 2018)

SSP Group - Announces special dividend (January 2018)

SSP Group - Shares hit new high of 559p (October 2017)

SSP Group (July 2017)

SSP Group - Big margin improvement (July 2016)

SSPâ€ˆGroup - Numis says forecast risk is â€˜to the upsideâ€™ (February 2016)

SSP Group - Kate Swann driving up margins again (July 2015)

SSP Group - Maiden results lift shares to new highs (January 2015)

SSP Group - Appointment of CEO Kate Swann boosts hopes for explosive eps growth (October 2014)

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