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Authoritative Independent Monthly Share Selections Using Technical & Fundamental Analysis

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Footasylum

November 2018

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:
  • FOOT
  • Price:
  • 30.25p
A second profit warning in three months hammered the shares again with management blaming delays to new store openings and upsizes, meaning they won’t contribute before the busy Christmas period.Broker Liberum, which brought Footasylum to market, notes that, “When combined with a tough backdrop leading to higher promotional activity, higher costs  and a knock-on impact from a tough H1 that translates to a 64% cut to EBITDA forecasts to £4.9m for the current year, while FY’20 is cut 54% to £7.6m.” At the pretax level new forecasts are for a loss of £1.9m in FY’19 and a loss of £1.1m in FY’20.A more disciplined approach to capital investment, which will see a redu ...

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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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