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Authoritative Independent Monthly Share Selections Using Technical & Fundamental Analysis

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March 2018

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:
  • PHTM
  • Price:
  • 171.5p
The shares inched to a new high of 191p in January before retracing. Helping were the interim results showing progress with pretax profit increasing 6% to £32.9m and eps rising almost 10% to 6.4p helped by currency movements. Net cash fell from £68m to £47.1m, following dividend payments (£34.6m) and investment in future growth (£34m).At constant currency, revenues were flat but that masks a strong performance from laundry, where revenue rose 75% to £17.3m, driven by a 48% increase in units to 2,332 and an 8% rise in average takings per unit. Its target is to reach 6,000 units by 2020. It also sold 66 laundry machines, while its B2B laundry operations expanded in July through the acquisition of I ...

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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.

All material on this website is protected by copyright. You may use Information retrieved from the www.scsw.co.uk website for your own personal non-commercial use which means that you may not sell or copy this information to any third party without prior written consent. ISSN 1358-183X

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