Secondary Recommendation

Thorntons -Dramatic recovery in fortunes of chocolates retailer

June 2013

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.

Billionaire investor Warren Buffett once said that â€œturnarounds never turnâ€ but there are exceptions to this rule and if investors can time it right the subsequent gains can be very substantial. We believe one such opportunity lies with premium chocolate retailer, Thorntons, whose shares have enjoyed a tremendous surge after the company noted on 24 April that trading is running ahead of expectations, triggering large broker upgrades. The fact that even after the rise the chairman bought another 200,000 shares at 78.5p, to take his holding to 1.2m, suggests there will be more pleasant surprises to come. Founded in 1911 by Joseph Thornton, the group, which operates manufacturing facilities in Derbyshire, gained nationwide coverag ...

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Thorntons (December 2002)

Thorntons - Chocolates retailer on the mend (October 2002)

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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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