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Smiths News

March 2013

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:
  • NWS
  • Price:
  • 174p
Smiths News released a cheery update, noting pretax profit for the year to August 2013 should be strongly up on last year and in line with expectations. For the 19 weeks to 12 January revenues increased 2%, driven by a 5% rise from its Consortium division (education consumables) and a 4.4% gain from Bertrams (book wholesaling). This was partially offset by the original newspapers & magazines distribution side, which, as expected, fell 1.9%, or 4.7% on a like-for-like basis.While shares in rival John Menzies, 710p have race away to new highs Smiths News have sedately inched ahead since last December's tip at 153p but based on JP Morgan Cazenove's eps forecasts for 21.4p this year still trade on a prospective PE of just 8. ...

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Related Articles

Smiths News - Shares gain 41% in a year (December 2013)
Smiths News - Large contract renewals boost prospects (July 2013)
Smiths News - Early contract renewals could trigger re-rating for newspaper distributor (December 2012)

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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