Updates

Inspecs

August 2023

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.

Ahead of reporting on 7 September (in Sterling for the first time), a short update from Inspecs confirmed that the positive trend seen in Q1 continued into Q2. Overall, H1 sales were +6% to £111.1m (+2% constant currency) whilst H2 should benefit from launching Barbour, Superdry, O’Neil and Radley across Eisenbach’s B2B platform allowing opticians to order these brands online. There was also an improvement in net debt of £5m to £22.6m despite investing in its new facility in Vietnam (operational in Q1 24) and paying £2.2m of deferred consideration relating to the EGO and BoDe acquisitions. Peel Hunt forecasts eps of 13.9 cents for this year to end December and 16.1 cents next. Buy. ...

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Lookers

Reach - Material cost programme benefits to come

Inspecs - Q1 signals the corner is turned (May 2024)

Inspecs (February 2024)

Inspecs - Margins enhanced by moving Eschenbach acetate manufacture to Vietnam (January 2024)

Inspecs (October 2023)

Inspecs - EBITDA forecast to jump US$6m this year (July 2023)

Inspecs (May 2023)

Inspecs (February 2023)

Inspecs - Interesting new issue (March 2020)

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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