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Authoritative Independent Monthly Share Selections Using Technical & Fundamental Analysis

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ProCook

June 2022

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:
  • PROC
  • Price:
  • 112p
Fourth quarter trading was a touch below expectations but still strong in absolute terms with revenue up 11.4% and increasing 29.5% in the year to March to £69.2m. Against FY’20 revenues rose 77.5%. E-Commerce rose 6% in Q4 but was against strong comparatives while the impact of the strategic exit of the Amazon UK marketplace also temporarily reduced momentum. Pleasingly, it increased repeat purchases from 18.6% to 25.5%. The lower consumer confidence (Ukraine, cost of living etc) meant overall sales were £2m shy of forecasts. The other issue that has crept into Q4 has been  cost inflation in freight rates, energy and payroll. As a result, Peel Hunt has slightly lowered pretax profit forecasts by £0.5m to £9.5m (eps: 6.8p) wi ...

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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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