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Authoritative Independent Monthly Share Selections Using Technical & Fundamental Analysis

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Peacock - Clothing retailer poised for breakout

November 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:
  • PEA
Over the month we met with Richard Kirk, chief executive, of value-for-money clothing retailer, Peacock.  It's been a long timesince we've interviewed someone who exuded so much confidence, but Kirkhas been instrumental in  Peacock's consistently strong performance this year and some analysts are even likening its recent strong price action to the early stages of  rival New Look's explosive performance.  This exuberance is not as far fetched as you might think with broker, Investec, forecasting Peacock's earnings to virtually double from 14p this year to 27p in 2006.  These numbers are underpinned by the rapid introduction of a new format at the core Peacock chain, combined with an aggressive progra ...

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