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Authoritative Independent Monthly Share Selections Using Technical & Fundamental Analysis

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Walker Greenbank - Gain to date: 153%

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.

  • Epic Code:
  • WGB
  • Price:
  • 187.5p
Shares in Walker Greenbank, which makes high end wall coverings and woven and printed fabrics, soared to a high of 215p at one point, yielding a healthy gain over our recommendation price of 74.25p in June ‘12.  Final results for the year to 31 January were slightly ahead of expectations with sales, pretax profit and eps rising 4%, 15% and 20% respectively to £78.4m, £7.3m and 10.7p. In the brands division, which supplies famous names such as Sanderson, Morris & Co, Zoffany and Harlequin, sales increased 3.3% to £60.8m. While challenging conditions meant the UK grew just 0.6%, Western Europe and the US increased sales 9%, while the Far East grew 11%. Milestones included the launch of “Anthology†by Harlequi ...

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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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