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Authoritative Independent Monthly Share Selections Using Technical & Fundamental Analysis

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Carphone Warehouse

March 2008

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:
  • CPW
  • Price:
  • 310p
Carphone’s interim management statement, covering the 13 weeks to 29December showed reasonably good progress in spite of the tougherconditions. In distribution, which comprises its store chain, retailrevenues rose 13% to £650m with like-for-like sales growth being 1% andunderlying gross profit rising 3.1%. There was also an 11% growth inconnections to 3.6m, while insurance revenues improved 22% to £43m. On the fixed line side revenues rose an impressive 36% to £349m,with the residential business showing 57% growth to £273m. Highlightsinclude a net addition of 118,000 new broadband customers taking thetotal to over 2.6m, while despite significant numbers of Talk Talkcustomers coming off their initial 18-month contract period, ...

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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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