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Authoritative Independent Monthly Share Selections Using Technical & Fundamental Analysis

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SSP Group

March 2019

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:
  • SSPG
  • Price:
  • 658p
Shares in food services group SSP climbed towards £7 after it announced trading in Q1 ’19 came in slightly ahead of expectations with net contract gains of 3.8% and like-for-like sales growing 2.5%. The company, which trades through Upper Crust and Cafe Ritazza brands in airports and railway stations, said solid performance is driven by contract wins in the US and to a smaller extent Rest of World.A special dividend of 32.1p will be paid on 26th April to shareholders (ex 12th April). Highlighted at 255p in October ‘14, the shares have gained 158%. Part profits have been taken and with CEO Kate Swann, who has done so much to extract margins gains, leaving, we are selling the remainder. ...

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Related Articles

SSP Group - Second consecutive special dividend (January 2019)
SSP Group (September 2018)
SSP Group - Announces special dividend (January 2018)
SSP Group - Shares hit new high of 559p (October 2017)
SSP Group (July 2017)
SSP Group - Shares hit new high of 398p (February 2017)
SSP Group - Big margin improvement (July 2016)
SSP Group - Numis says forecast risk is ‘to the upside’ (February 2016)
SSP Group - Kate Swann driving up margins again (July 2015)
SSP Group - Maiden results lift shares to new highs (January 2015)
SSP Group - Appointment of CEO Kate Swann boosts hopes for explosive eps growth (October 2014)

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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