Posts in LSE:CFX

Colefax in line with management expectations

Colefax has just entered its important autumn selling season and current trading is in line with management expectations, shareholders at today's annual general meeting will be told.

Chief executive David Green will say: "In the Group's core Fabric Division, sales in the US for the four months to 31 August are up by 4% on a constant currency basis.

"The US is our largest market accounting for approximately 60% of Fabric Division sales.

"In the UK, sales for the four months to 31 August are up by 3%.

Why this pioneering AIM stock is "a screaming add"

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Colefax profits hit by hedging loss

Pre-tax profits at Colefax fell to £2.94m in the year to the end of April - down from £5.02m last time.

The international designer and distributor of furnishing fabrics and wallpapers and owner of a leading interior decorating business said its profits were hit mainly by a hedging loss of £2.0m following the decline in sterling.

Sales rose by 4.7% to £80.48m and the group said results were in line with market expectations and while underlying trading conditions in core US market were difficult, the second half showed an improvement over H1.

Highlights:

- Ear

Broker Forecast - Peel Hunt issues a broker note on Colefax Group PLC

Peel Hunt today upgrades its investment rating on Colefax Group PLC (LON:CFX) to buy (from hold) and raised its price target to 575p (from 450p).

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After upgrading his decision engine, companies analyst Richard Beddard thinks he's got to the heart of investing and the reasons we so often make mistakes.

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Investing in smaller companies inevitably comes with relatively high risks. They lack the size and scale of larger companies and this can mean less consistent earnings growth, as well as the potential for higher losses. However, smaller companies may also deliver higher rewards in the long run. Their shares may have flown under the investment radars of many investors and this can lead to low valuations. With that in mind, here are two companies which could be worth a closer look.

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Ten long-term holds for an ISA portfolio: Part 1

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In the first of a two-part series, analyst Richard Beddard names five great companies to use up your ISA allowance. Part 2 next week.

Colefax pre-tax profits fall

Colefax posts a group pre-tax profit of £1.9m for the six months to the end of October - down from £3.27m last time.

The group said the result was affected by challenging conditions in core US market and hedging losses following the decline in sterling.

Group sales rose to £39.53m (2015: £37.98m) and net cash increased to £8.0m (2015: £7.8m).

Earnings per share fell to 12.50p (2015: 21.60p) but the interim dividend of 2.30p per share is up from 2.20p last time.

Chairman David Green said: "Results reflect the challenging trading conditions in our core US

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