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Share of the week from The Share Centre
Graham Spooner, investment adviser at The Share Centre, picks the world's largest contract caterer Compass as his share of the week. Here’s why:
“The company’s recovery programme appears to be on track and there are growing hopes that further steady progress can be achieved. Q3 figures showed another good performance despite the tragic events in Japan which affected profits by £20m. Signs of recovery in the area are slow, however Compass expects to return to normality in the region by early next year.
“Despite the continuing impact the events in Japan have had on revenues, the group achieved organic revenue growth of 7.9% across the other regions. This has been largely driven by strong growth in Australia and emerging markets, which the group is viewing to be its growth engine in the medium term.
“Investors seeking growth will be pleased to see the company’s North American business is continuing to grow and there are good signs of improvement in Australia and Brazil. There have also been a number of acquisitions this year, the latest being a Turkish food supply business.
“Compass has pointed to a strong pipeline of new business and plans to improve contract retention rates. The increasing trend of companies outsourcing catering in order to cut costs could also see the company benefit further. However, the share price has suffered recently and as the company has an element of defensive qualities we suggest investors ‘buy’ Compass for the longer term.”
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THIS DATA IS PROVIDED BY GRAHAM SPOONER, INVESTMENT ADVISER AT THE SHARE CENTRE. THIS IS NOT INTENDED TO CONSTITUTE AN OFFER OR AGREEMENT TO BUY OR SELL INVESTMENTS.
Risk Warnings:
Investing in general, and the products and services mentioned above may not be suitable for all: if in doubt, individuals should seek independent financial advice. The value of investments and the income from them can go down as well as up and investors may not get back their original investment. Past performance is not a reliable indicator of future performance.
The bases and levels of taxation relating to ISAs, CTFs and SIPPs are subject to change and the value of these tax allowances may depend upon the circumstances of the individual.
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Back2011-08-31 14:27:01 © Moneyextra.com