Updates

N Brown

June 2015

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.

N Brown’s results mark the culmination of a tricky year, which included an unhelpfully mild autumn and tactical price cuts to attract new customer growth. When combined these caused pretax profit to fall 13.4% to £86.2m on unchanged turnover of £818m. Eps was 23.9p compared with 27.7p in 2014. With capital expenditure tripling from £21m to almost £63m net debt rose from £214m to £246.6m (net debt / EBITDA: 2.1x). N Brown, which is best known for selling plus sized clothing via catalogues and online through brands such as Simply Be, JD Williams and Jacamo, increased new customer numbers by 2.4% and these represented 23% of sales. In terms of product category, ladieswear sales fell 2.2% ...

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N Brown - Shares strong ahead of results on 9th October (October 2013)

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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.

All material on this website is protected by copyright. You may use Information retrieved from the www.scsw.co.uk website for your own personal non-commercial use which means that you may not sell or copy this information to any third party without prior written consent. ISSN 1358-183X

N Brown

June 2015

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