Updates

Howden Joinery - 8.5% growth in like-for-like sales

June 2014

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.

With a backdrop of housing activity and consumer confidence rising rapidly, kitchens and doors supplier Howdens issued a very strong update. In the first four periods (16 weeks) of 2014 UK revenues rose 11.2%, increasing by 8.5% on a same depot basis and while this is only â€œin line with expectationsâ€ if this momentum continues there will surely be upgrades. Howden has opened 6 depots so far, taking the total to 565 in the UK and plans to open 30 for the year. Interim results are due on 24 July and should be good. Originally tipped at 130p in August â€˜12, the gain is now 143%. Keep running profits. ...

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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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