Primary Recommendations

Equals - Forecasts upgraded by 16%

April 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.

Unusually, this month on SCSW I feature a second company in the finance sector - Equals - which too is set to deliver striking growth in profits in 2023. Unlike H&T, which is a small sum lending business, Equals has a number of FCA regulated financial services including current accounts, card issuing and acquiring, and payment processing but Equals does not hold a banking licence and so its customers’ money cannot be used for lending. In addition, a second key difference is that Equals is not targeting consumers. In the UK, there is a natural tendency for consumers to expect banking services for free whereas corporates are happy to pay for a quality service and whilst Equals built its system for SMEs, it has now gained traction with ...

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H&T - Upgrades driven by pawnbroking, scrappage and FX

Bloomsbury Publishing - Trading ahead of expectations - again

Equals Group (February 2024)

Equals (October 2023)

Equals (August 2023)

Equals - Scope for material outperformance (June 2023)

Equals (May 2021)

Equals Group - Sales pivot to B2B - now 66% sales (November 2020)

Equals Group (March 2020)

Equals Group (November 2019)

Equals Group - Placing and open offer to raise Â£16m (September 2019)

Equals Group - New name for FairFX (July 2019)

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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