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Authoritative Independent Monthly Share Selections Using Technical & Fundamental Analysis

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Secondary Recommendation

Peacock - 50% earnings growth forecast over next two years

June 2003

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:
  • PEA
Shares in value-for-money clothing retailer, Peacock look set to make the biggest gains in its sector this year, after analysts substantially upgraded their forecasts, following  last July's superb acquisition of bonmarché and improved trading from the core business.  Broker, Investec, is forecasting earnings of 14.3p in the financial year ending 31 March 2003, rising to 21.1p in 2005, that's 50% growth over two years - and all organic! Peacock operates 370 outlets across the UK predominantly selling ladies clothing, complemented by men's clothing, footwear and homeware. All year round ranges, such as hosiery and underwear are the mainstay of the business,  (45% of 2002 turnover), but Peacock's  move toi ...

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Related Articles

Peacock - Clothing retailer poised for breakout (November 2003)
Peacock - Bonmarche proving fantastic deal (August 2003)

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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