Primary Recommendation

Applegreen - Irish petrol retailer expanding rapidly into UK and US

November 2017

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.

The idea that a petrol station forecourt operator could set the stock market alight might seem far-fetched but Republic of Ireland-based Applegreen has done exactly that, with the shares, which floated at 277p in June 2015, recently hitting a high of 540p. There’s a lot more to it than that, of course and the model is to attract customers into the store with competitive fuel prices in order to up-sell higher margin food and beverages (including coffee, sandwiches and baked goods) as well as a retail offer. Applegreen has clearly plugged into sweet spots as the low tax, Irish economy is forecast to grow 4% p.a. for the next two years while the food-to-go market is set to expand a whopping 7% p.a. due to increased snacking, the decli ...

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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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