image

Authoritative Independent Monthly Share Selections Using Technical & Fundamental Analysis

Latest issue now available

SIGN UP NOW
Updates

SSP Group - Second consecutive special dividend

January 2019

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:
  • 639p
SSP, the food services operator renowned for its Upper Crust and Café Ritazza brands in airports and railway stations, has outperformed even our expectations since we highlighted the shares at 255p in October ’14. Early in October they registered a high of 740p, while results revealed the second consecutive special dividend (of £150m or c. 30-32p) in two years, to go with the 21p for 2017. Broker Barclays has also upgraded forecasts again, so not the worst time for CEO, Kate Swann, to announce she will leave the group.  Swann leaves SSP in fine fettle with turnover and underlying operating profit rising 9.5% and 19.8%, respectively, to £2,565m and £195.2m as the operating margin soared from 6.8% ...

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

Subscribe now

Already a subscriber? Login

Related Articles

SSP Group (March 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 - Shares hit new high of 398p (February 2017)
SSP Group - Big margin improvement (July 2016)
SSP Group - Numis says forecast risk is ‘to the upside’ (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