Updates

DiscoverIE

July 2026

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.

After delivering double-digit expansion in the several prior years, sales growth has emerged as the clearest area of concern in DiscoverIE’s recent performances. Organic growth, in particular, has turned distinctly anaemic, which has, at least temporarily, taken some shine out of the story. Chairman Nick Jefferies was refreshingly candid in acknowledging that and argues persuasively that the last three years - organic growth of +1%, -7%, and +2% respectively - represent the low point of the cycle. Partly to blame, he says, were recent acquisitions where sales stalled post acquisition - before recovering - but expects it is now well positioned for the next upturn. In the previous cycle, the group delivered peak organic sales growt ...

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Debenhams - Turnaround on track

Liontrust

DiscoverIE (July 2024)

DiscoverIE - 15 deals in live negotiation (January 2024)

DiscoverIE (May 2023)

DiscoverIE (December 2022)

DiscoverIE (July 2022)

DiscoverIE - Trading ahead of expectations (May 2022)

DiscoverIE (October 2021)

DiscoverIE (July 2021)

DiscoverIE (March 2021)

DiscoverIE (September 2020)

DiscoverIE (May 2020)

DiscoverIE - Latest acquisition has 35%+ margins (November 2019)

DiscoverIE (May 2018)

Acal (May 2016)

Acal (March 2016)

Acal (February 2016)

Acal (December 2015)

Acal (July 2015)

Acal - Eps forecasts upgraded by 5% following acquisition (February 2015)

Acal (November 2014)

Acal - Transformational deal (August 2014)

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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