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Ottakar's

August 2003

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.

Ottakar’s pre-close statement (ahead of interim results on 25 September) indicates trading has been better than expectations. Sales are up 34% in the 23 weeks to 12 July, 8% on a like-for-like basis.  Excluding the exceptional success of the Harry Potter & the Order of the Phoenix novel like-for-like was up 5.2%.  The Hammicks stores acquired in April have bedded in well with twelve now rebadged. Sales of these acquired stores grew 6.4% in the first eleven weeks of ownership. The successful integration will result in Ottakar’s releasing some of the £1m restructuring provision it was expecting in April. Teather & Greenwood has kept its forecast unchanged at 24.1p to for the  year to 31 January 2004, give ...

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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.

All material on this website is protected by copyright. You may use Information retrieved from the www.scsw.co.uk website for your own personal non-commercial use which means that you may not sell or copy this information to any third party without prior written consent. ISSN 1358-183X

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