Updates

N Brown - Trading unaffected by mild winter

March 2016

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.

N Brown, the leading multi-channel retailer of plus size clothing, is arguably in the best shape since we initiated back in March 2013. In spite of headwinds from a mild winter, like-for-like group revenue rose 4.1% in the third quarter ended 2 January, slightly ahead of forecasts. Product revenue rose 4.3% including 12% growth from its power brands (JD Williams, Simply Be, Jacamo) while financial services revenue increased 3.7%.Its focus of increasing internet sales (which don’t incur printing costs and also allow quicker changes in pricing and marketing to adapt to rapid changes in weather and fashion) meant online sales rose 13% and now represent 66% group sales, up from just 61% a year ago.Full year guidance for 201 ...

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The Restaurant Group - More cautious outlook

Mortgage Advice Bureau - Trading ahead of expectations

N Brown (March 2017)

N Brown - Delay in Fit 4 the Future program (December 2016)

N Brown - C.70%-80% of FY'17 US$ requirements already hedged (August 2016)

N Brown - Small eps downgrade triggers over-reaction (June 2016)

N Brown - Cooler autumn boosts sales (December 2015)

N Brown (August 2015)

N Brown (June 2015)

N Brown (May 2015)

N Brown - Colder weather boosts sales (February 2015)

N Brown - Warm September triggers profit warning (November 2014)

N Brown - Prospective PE just 14.1 (August 2014)

N Brown - New eps forecast for 2017 of 37.4p (June 2014)

N Brown - Migration of sales online should trigger large reduction in costs (April 2014)

N Brown (March 2014)

N Brown (November 2013)

N Brown - Shares strong ahead of results on 9th October (October 2013)

N Brown - Online sales 56% of total (September 2013)

N Brown - High margin Internet sales now account for 54% of turnover (June 2013)

N Brown Group - Over half of catalogue retailer's sales now online - our price target is 992p (March 2013)

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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