Hi everyone!
Thanks for all the fantastic feedback yesterday on the subject of tablets. I wandered around a couple of department stores for a few hours, and in the end decided to wait another few months before making a bigger purchase that could also be used as a laptop. There are some amazing new hybrid devices (with both laptop and tablet functionality), and I think I'll choose the Surface Go or Surface Pro from Microsoft.
Burberry (LON:BRBY)
(Please note that I have a long position in BRBY.)
More portfolio news this morning, with a Q1 update from Burberry (LON:BRBY). This was already my second-largest holding, and the shares are up 8% as I type. The company has reported a return to like-for-like store sales growth (around 4%) thanks to a strong response to the company's new product range.
The outlook for FY 2020 is unchanged, including the previously-announced H2 weighting. But I think that investor uncertainty surrounding the new designer is evaporating. Like-for-like store sales growth, the closure of some underperforming stores, and £120 million of cost savings are all reasons for encouragement. I'm happy to continue holding for the foreseeable future.
Note also that this share has a StockRank of 87. I'm not ashamed to buy quality big-caps, sometimes!
Ok, time to check out some small-caps.
- Fulham Shore (LON:FUL) - results
- MPAC (LON:MPAC) - trading update
- A.G.Barr (LON:BAG) - trading update
- XLMedia (LON:XLM) - tender offer
Fulham Shore (LON:FUL)
- Share price: 12.4p (+8%)
- No. of shares: 571 million
- Market cap: £71 million
This restaurant has really grown on me. It started out as a research project, but I found that the sourdough pizzas at Franco Manca were so good and the meals were such good value that I was happy to keep going back.
I also tried out The Real Greek in Covent Garden this year - not such a compelling format, but still a good experience.
These are some decent results:
- Revenue growth is 17%. The total number of restaurants increased…
Unlock the rest of this article with a 14 day trial
Already have an account?
Login here