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Hamleys

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:
  • HYL
Hamleys has announced the  acquisition of four stores, tradingas the English Teddy Bear Company (ETBC), for £710,000.  At thesame time it has placed 2.1m new shares at 165.5p to raise £3.32m,to  finance the acquisition from the receivers, as well asrefurbishment and new openings of ETBC stores. ETBC was established in 1991 and specialises in selling a range ofteddy bears, accessories and themed clothing, mainly T-shirts and sweatshirts.  Based on unaudited management accounts, the four storesmade a profit of £0.53m on  sales of £2m in the year to August2001 which fell to £0.22m on sales of  £1.6m  in 2002. Based on the 2002 figures, the exit PE was only 4.5,  so earningsenhancing, ...

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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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