Updates

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.

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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Scapa - Revised bid at 215p voted through (May 2021)

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Scapa (December 2017)

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Scapa - Industrial tapes and healthcare group planning acquisition push (August 2017)

Scapa - Gain to date: 493% (June 2017)

Scapa - Gain to date: 380% (February 2017)

Scapa - Shares register new high of 304p (December 2016)

Scapa - Shares briefly hit high of 295p (August 2016)

Scapa - Shares hit new high of 252p (June 2016)

Scapa - Healthcare enjoys 20% profit growth (January 2016)

Scapa - Another upgrade sends shares over Â£2 (July 2015)

Scapa - Shares soar to over 170p (June 2015)

Scapa - Acquires First Water (April 2015)

Scapa - Industrial and medical tapes business forecast to grow eps 46% by 2017 (January 2015)

Scapa - N+1 Singer upgrades forecasts (July 2014)

Scapa - Healthcare side growing rapidly (February 2014)

Scapa - Medical tapes grew profits 53% (July 2013)

Scapa - New 5.1p eps forecast for 2014 (July 2012)

Scapa - Self-help measures drive another upgrade to forecasts (May 2012)

Scapa - Industrial tape firm expanding into higher margin medical markets (March 2012)

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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