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Marks Electrical - Pays its maiden dividend

September 2022

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.

  • Epic Code:
  • MRK
  • Price:
  • 62.5p
Marks Electrical (MRK; 62.5p) is the second online-only retailer I spoke to this month but unlike On the Beach (OTB; 121p), which I cover on the front page, it specialises in selling bulky, “unfriendly freight” subcategories such as cookers, refrigerators and washer/dryers. These big ticket items put its exposure at the sharper end of a consumer downturn.  But speaking to founder and chief executive Mark Smithson, he notes that against a market decline of over 20% in the first four months of this year, the business grew by 13.7% as it took market share. The business is also already profitable and has just declared its first dividend - making it unusual for an online retailer. But all this has not stopped the market taking fright with the ...

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