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Authoritative Independent Monthly Share Selections Using Technical & Fundamental Analysis

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Walker Greenbank - Profits ahead of expectations

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.

  • Epic Code:
  • WGB
  • Price:
  • 112p
Shares in Walker Greenbank have re-rated sharply to a new high of 112p, the catalyst being results coming in ahead of expectations. For the year to 31 January sales rose 2.3% to £76m while a 0.2% rise in operating margin to 7.7% helped pretax profit increase 12% to £6.4m. Thanks to a lower deferred tax charge eps went up nearly 15% to 9.4p, while net cash was £1.2m (2011: net debt: £0.7m). The brands division, which supplies Sanderson, Morris & Co and Harlequin wall-paper and printed fabrics to 2,500 retailers and interior designers, increased sales 2.5% to £58.9m. Although its main UK market grew a pedestrian 2.5% its overseas markets fared better, particularly the US (+17.6%), Far East (+5.8%) with “double digit†gro ...

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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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