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Scapa - Revenues ahead of plan

October 2020

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:
  • SCPA
  • Price:
  • 115p
The shares soared after Scapa’s Q1 update revealed that revenues are well ahead of its Covid-19 scenario plan while trading in both divisions has continued to improve. Margins have benefited from earlier cost cutting and the company says trading profits for FY’21 are tracking c. 10% ahead of market expectations.Numis notes that while the loss of the Convatec contract and additional investment into its Gargrave acquisition were unexpected, it has learnt how to better structure and execute these deals, while the recent trend for on-shoring of medical device manufacturing could provide useful opportunities for Scapa.Working capital management remains strong with net debt, helped by the £31.6m proceeds from the ...

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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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