Updates

Walker Greenbank

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.

Luxury interior furnishings group Walker Greenbank issued finals slightly ahead of expectations. Sales rose 6% to £83.4m while pretax profit rose 11% to £8.1m. A higher tax charge meant eps rose 3% to 11.6p. With the company investing £3.2m in a new digital printer, warehouse and showroom extensions in New York and London net cash reduced from £1.5m to almost zero.The brands division, which owns Sanderson, Morris & Co, Zoffany and Harlequin, increased turnover 6% to £64.7m, helped by the UK, its largest market, which grew sales 10% to £38.5m. Other bright spots were Western Europe (+11% in constant currency) and the Middle East, which gained 20%. Licence income grew 3.6% to £2.1m. ...

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Marks and Spencer - Shares hit new high of 577.5p

Nichols

Walker Greenbank (March 2015)

Walker Greenbank (December 2014)

Walker Greenbank (October 2014)

Walker Greenbank - Gain to date: 153% (June 2014)

Walker Greenbank - Take profits after strong run (March 2014)

Walker Green bank (October 2013)

Walker Greenbank - Profits ahead of expectations (June 2013)

Walker Greenbank - Trading ahead of expectations (March 2013)

Walker Greenbank - Wallpaper firm trading at discount to sector (December 2012)

Walker Greenbank (September 2012)

Walker Greenbank - Luxury wall coverings group with reputation for beating forecasts (June 2012)

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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