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Authoritative Independent Monthly Share Selections Using Technical & Fundamental Analysis

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SSP Group - Kate Swann driving up margins again

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.

  • Epic Code:
  • SSPG
  • Price:
  • 300p
Since our tip at 255p last October the shares have performed well, hitting a high of 315p before a pull-back on profit taking. Interims from the company, which operates 2,000 food services outlets in railway stations and airports, branded Upper Crust and Café Ritazza, increased revenues 2.6% (3% like-for-like) on constant currency to £859m. However, a better than expected increase in operating margins from 2.3% to 2.9% meant operating profit rose 35% to £25.2m while eps rose 62% to 2.1p.By territory, the UK performed best with profits rising almost £5m to £18m on flat sales of £343m. Continental Europe fell £1.5m to £13.9m on sales down 7% due to weak consumer spending and strikes in ...

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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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