Updates

Alexon

November 2002

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.

It seems that clothing retailer, Alexon can do little wrong at themoment. Results for the six months to 27 July were againahead of expectations and brokers have rushed to upgrade. Turnover for the period rose 8.7% to Â£182.4m, while operating profitbefore goodwill increased 73% to Â£9.9m. Like-for-like sales rose4.8%, while gross margins also increased. Alexon brands, which include Alexon, Anne Harvey, Dash and Minuet,improved their contribution by 18% to Â£9.1m. But just asencouraging was the news that perennial loss-maker, Dolcis, is nowexpected to break even for the full year. For the year ending January 2003, Numis has upgraded its forecastfrom Â£27.3m to Â£28m, with earnings up ...

To access our archive of articles and to receive current issues you need to subscribe.

Subscribe now

Already a subscriber? Login

Maiden

Henlys

Alexon - Signs of end to growth; take profits (August 2004)

Alexon (February 2004)

Alexon - Redeems £20m preference shares (November 2003)

Alexon - Strong recovery from Dolcis (May 2003)

Alexon (February 2003)

Alexon - Still undervalued on PE of 8.4 (May 2002)

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