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Authoritative Independent Monthly Share Selections Using Technical & Fundamental Analysis

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4Imprint - Shares register all-time high of 1900p

March 2017

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:
  • FOUR
  • Price:
  • 1650p
Shares in promotional products group, 4Imprint, hit an all-time high of 1878p before re-tracing but who would bet against £20 being breached soon. Fuelling the upsurge was an update noting like-for-like revenues rising 13% to US$558m (adjusting for an extra week in 2015) while pretax profit  for 2016 is expected to be towards the top end of expectations.Even a planned one off pension contribution of US$14.5m was more than covered by a torrent of free cash flow and that resulted in a year end net cash balance of around US$21.5m (2015: US$18.4m).Finncap has increased its price target by 200p to 2060p while leaving forecasts unchanged at eps of 97.6 cents in ’16 and 109.8 cents in FY’17. Weak sterling and ...

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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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