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Landround - New earnings upgrade

May 2003

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:
  • LDR
Following Landround's upbeat AGM statement Evolution Beeson Gregory has introduced a weighty upgrade to its forecasts.  For the current year ending September, earnings are expected to be 18.3p (up from 14.3p), rising to 21.9p (15.7p) in 2004.  Pretax profit should come in at £1.43m and £1.71m respectively. The brokernotes that Landround's high margin voucher sales continue to advancefaster than expected, while the new Dublin office, opened  lastNovember, has also been successful.  Another important driver hasbeen the high level of repeat business, with renewal rates for thecombined Voucher and Buy & Fly products increasing from 60% to 72%last year, a level which has since been maintained. ...

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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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