Updates

Poundland

January 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.

The shares fell sharply after Poundland reported a 27% decline in half year pretax profit to £9.3m, 10% below estimates.Sales grew 5.6% in constant currency but like-for-like sales fell 2.8% against tough comparatives including last year’s craze for loom bands and favourable weather. However, management also alluded to “unusually volatile” trading in recent weeks.The group opened 52 new stores in H1 and is on track to open 70 for the full year.One frustration was that trading at 99p Stores, which it recently acquired for £55m, has deteriorated in the months leading up to completion as the withdrawal of its credit insurance reduced its ability to hold stock and it is expected to lose £ ...

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Big Yellow - Take a part profit

Easyjet - Should benefit from oil price fall

Poundland - Â£50m placing to fund takeover of 99p stores (November 2015)

Poundland (August 2015)

Poundland - Shares surge over Â£4 (March 2015)

Poundland (February 2015)

Poundland (September 2014)

Poundland - Single price value retailer to double estate to 1000 stores (May 2014)

Poundland - Poundland Strong debut by discount retailer (April 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.

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