Updates

Safestyle

November 2014

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.

In spite of a slowdown in mortgage approvals PVCu double glazing specialist Safestyle continues to chug merrily on with interims showing sales, pretax profit and eps rising 10%, 13% and 10% respectively to £69.2m, £8.8m and 8.5p. Cash increased by £5.6m to £10.8m.The double-glazing market grew by 4.3% in H1 although that included a strong Q1 and slower Q2. But Safestyle outperformed, growing its market share from 7.9% at 31 December ’13 to 8.2% as a 12% increase in digital leads, alongside more customers being approved for finance, made for an 8% jump in volume of frames installed to 136,518. Gross margin inched ahead to 36.4%, as an increase in finance subsidies was more than offset by higher prices a ...

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Lavendon - Shares cheap on EV/EBITDA of just 5.1

Mears

Safestyle (October 2017)

Safestyle (June 2017)

Safestyle - Order book grew 20% in H1 (December 2016)

Safestyle (November 2015)

Safestyle (September 2015)

Safestyle - Another rise in market share (June 2015)

Safestyle - Tenth year of market share gains (March 2015)

Safestyle - Decent market share gains (September 2014)

Safestyle (May 2014)

Safestyle - Double-glazing window specialist already exploiting housing upturn (March 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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