Secondary Recommendation

SSP Group - Maiden results lift shares to new highs

January 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.

One of the better performing new issues this year has been SSP, which operates nearly 2,000 food service outlets, trading as Upper Crust and Café Ritazza, in railway stations and airports predominantly in the UK and Europe. The shares, which floated at 210p on the main market, recently soared to a new high of 290p as the company shrugged off lingering fears that ebola might hurt passenger traffic and posted full year results slightly ahead of expectations.Founded in 1961, SSP was originally part of catering services giant Compass and was built up in the 90s via several acquisitions including SAS Catering and well-known railway brand Traveller’s Fare. Today, SSP is the joint market leader in this huge £14bn travel ...

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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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