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Authoritative Independent Monthly Share Selections Using Technical & Fundamental Analysis

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Secondary Recommendation

Geest - Bagges salad market growing again

October 2002

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:
  • GET
Back in June, we profiled Geest,  which operates in the fast growing market of freshly prepared foods.  Geest had built a well deserved reputation for attaining double digit earnings growth, following its strategic decision to exit the competitive market of banana distribution in 1995. But at the time, we had felt the share price of 802p and the PE of 17.5 were too rich and concluded that Geestshould be bought on the dips.   We were subsequentlyvindicated when the group announced on 27 June that it had become avictim of the unseasonal weather in May and June, which affected itsbagged salad sales, with this market declining 12% in May andremaining flat in June. This knocked an estimated £10m off  salesand ...

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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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