Updates

Safestyle - Tenth year of market share gains

March 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.

The good news in Safestyle’s year-end update was that revenues beat forecasts, rising 9% to £136m for the year ended December, while pretax profit and eps were in line with expectations. Zeus Capital forecasts the former to rise from £15m to £16.4m with eps to increase 9% to 16.2p. Net cash rose from £5.2m to £8.5m, having paid £6.7m in dividends in H2 ’14.Full year ‘14 marked the tenth straight year of market share gains for the retailer and manufacturer of PVCu windows and doors with its share rising 0.6% to 8.5%. Frames manufactured increased 7% to 268,000 (FY13: 250,000) whilst installations increased 4.7% to 58,000 (FY13: 55,000). With the order book up 3% on this time last ...

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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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