Primary Recommendation

Thorntons - Chocolates retailer on the mend

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.

Until the arrival two years ago of new chief executive, Peter Burdon, Thorntons, the specialist chocolate manufacturer and retailer, had a chequered 15 year career as a quoted company. However, under Burdon Thorntons has just announced a 16% increase in pretax profit to Â£7.1m, in the year to June, with earnings rising 17% to 7.6p, the highest levels for three years. We found Burdon full of confidence when wemet him over the month. Unlike his predecessors he has successfully developed a formula to tempt customers back to Thorntons' own stores and there is now every chance that withinanother three years earnings will get close to 15.5p, levels la ...

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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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