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Authoritative Independent Monthly Share Selections Using Technical & Fundamental Analysis

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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.

  • Epic Code:
  • SSPG
  • Price:
  • 392p
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 ...

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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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