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Big Food Group

June 2004

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:
  • BFP
Big Food's cheerily upbeat mood after Christmas did not last long, with like-for-like sales, for the 14 weeks to 2 April, slowing to +1.4%.  Although Booker continued to grow by 1.2%, Iceland fell by0.2%.  Analysts are blaming the slow down on expansion by Tesco and Sainsbury into the convenience food sector, with the former having recently bought a chain of 45 convenience stores.  Morrison's decision to drop Safeway's prices and the inevitable retaliation from the others is another concern. Big Food's answer to this threatat Booker is to expand its network of Premier convenience stores by afurther 91 to 1455, given that this is a bright spot, generating samestore sales of 8.5%.  The proposed acquisition of ...

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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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