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Authoritative Independent Monthly Share Selections Using Technical & Fundamental Analysis

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SSP Group - Strong growth in contract wins

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:
  • SSP
  • Price:
  • 715p
Shares in food services operator SSP hit a new high after unveiling a strong pre-close trading update ahead of its year ending 30 September.This noted that for the fourth quarter, trading has been in line with expectations with underlying sales growth continuing at a similar level to Q3 and it expects like-for-like growth for the full year of 2-3%, driven by increased passengers in the air sector with trading in rail remaining soft.Net contract gains for the year are expected to be around the top end of the previously announced range of 4.5-5%, which bodes well for next year. These gains continue to be driven by strong growth in North America and progress in the Rest of The World.Full year results are due on 21 November ...

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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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