Updates

Walker Greenbank - Trading ahead of expectations

March 2013

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.

Shares in luxury wall coverings and fabrics group, Walker Greenbank surged to a new high of 85p after its update noted that trading in the year to 31 January will be ahead of the top end of analysts forecasts. The company, whose brands include Sanderson, Morris & Co and Harlequin, expects group sales to be up 2.3% over the previous year at £75.7m. Within that, brand revenue is expected to be up 2.5%, with the stand-out performance coming from the US (sales +17.6%), while licence income is also up 17%. Edison's latest forecast is for eps of 8.1p in '13, rising to 8.65p this year and with net borrowings likely to be eliminated the shares trade on an undemanding forward PE of 9.8. A main ti ...

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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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