Updates

Howden Joinery - Shares prosper after favourable General Election result

July 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.

A pleasing update from Howden, which noted a 9.4% rise in UK revenues for the 16 weeks to 18 April, or 7% on a same store basis. This is robust especially given that it had one less trading day due to the timing of Easter while there were no ill effects from the General Election build-up.Management expects to open another 30 depots this year, with six having opened so far, which takes the total to 595.Originally tipped at 130p in August ‘12 and most recently last February at 407p, the shares have soared to a new high, making for gains of 303% and 29% respectively. With upgrades to forecasts likely if current trends continue, we would hold on. ...

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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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