Evolution Beeson Gregory - 'Games Workshop gets 830p target' 02/08/2004
Taking centre stage in broker Evolution Beeson Gregory's July review was Games Workshop, purveyor of fantasy war games for adolescent boys.
Taking centre stage in broker Evolution Beeson Gregory's July review was Games Workshop, purveyor of fantasy war games for adolescent boys.
Overall retail sales continued to flourish in June with Government figures showing a 1.1 per cent increase in sales between May and June. The British Retail Consortium (BRC) went further, stating like-for-like sales increased 2.4 per cent during the period. But, perhaps the long-awaited decline has begun, as in the previous month the BRC calculated that like-for-like numbers were higher at 3.7 per cent.
Tabletop battle-games venture Games Workshop has paid US$3 million (£2.1 million) for an 85 per cent stake of collectible card games company Sabertooth Games, writes James Crux.
Homewares and accessories supplier Lambert Howarth has launched its first European sortie ? acquiring Spanish firm Natural Selection for an initial £1 million. Elliott Davis reports.
Since demerging from Aquarius in August, bath and bathroom accessories business Airbath has enjoyed an impressive start to life as a single entity ? generating a £457,000 pre-tax profit from £4.9 million of sales in its first 15 weeks. Elliott Davis reports.
Shares in womens' clothing manufacturer Slimma lifted to a new high of 79.5p today as the company paraded a record £1.52 million (£950,000) pre-tax profit for the year to September. Elliott Davis reports.
It's been a good past year for shares in the household goods and textiles sector, with the FTSE Actuary Industry Sector benchmark sparking up from 2163.17 to 4128.48. However, a sector average p/e of almost 23 looks high.
Suggestions that Remnant Media, an 'adult' publishing company spun out of Richard Desmond's porn empire, might list on Aim has raised many city eyebrows. But, if it floats, it will be just one of an array of companies selling sex products and cures, or explicitly using marketing erotica. James Crux reports
'Teething problems' with new systems took the sparkle out of the first half-year at jewellery designer and distributor Abbeycrest, lopping £14,000 off its interim profits to £509,000 pre-tax. James Crux reports.
Following a 52 per cent surge in share price to 13.75p in early trading, the board of fully-listed textiles group Sherwood moved to quash rumours of an impending management buy-out. Elliott Davis reports.
Work clothing specialist Alexandra has announced a 55 per cent increase in interim profits to £2.1 million pre-tax and claims it is now focused on increasing its market share in Europe after completing an exhaustive corporate restructuring. Leslie Copeland reports.
Paul Sellars, the éminence grise at Montpellier is making progress slowly, patiently and profitably.
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