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Authoritative Independent Monthly Share Selections Using Technical & Fundamental Analysis

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Scapa - New 5.1p eps forecast for 2014

July 2012

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:
  • SCPA
  • Price:
  • 59.5p
Specialist adhesive tapes group Scapa's final results were in line with recently upgraded forecasts with pretax profit rising 72% to £10.5m and eps increasing from 2.3p to 3.4p. Operating margins increased sharply from 4.2% to 5.5%, mainly thanks to chief executive, Haejae Chae's, self-help program, while net cash was £6.7m. Although Numis has left current year forecasts unchanged (pretax profit: £11.8m, eps: 4.8p) it has introduced brand new forecasts for 2014 of £12.6m and 5.1p respectively. The shares have come back slightly but now look cheap on a forward PE of 12.4 and then 11.7. Keep buying. * The writer has a holding ...

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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.

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

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