Updates

SSP Group - Shares hit new high of 559p

October 2017

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.

Since our update last February the shares have moved serenely up from 392p to a high of 559p, with the latest rocket fuel being an update for Q3 to end June. This showed revenues up 14.6% at constant currency with like-for-like sales growth of 3.6%, boosted by the timing of Easter. Net contract gains rose 7.6%.Growth has been driven by an increase in passenger numbers in the air sector although trading in rail has remained softer. More recently it’s seen an impact from further terrorist attacks, although the latest in Spain fell outside the reporting period.Barclays has nudged up eps forecasts by 3% to 18.5p, rising to 19.5p for the year beginning 1st October. Profiled at 255p in October ‘14, the shares have g ...

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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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