…and some to hold, avoid or sell
Accrol Group Holdings The Daily Telegraph
After a six-week suspension, shares in the lavatory roll and kitchen towel-maker are trading again, but the dividend has gone and the same worries remain. The difficulty in passing on cost increases to customers is a “huge concern”. Sell. 46p
AO World Investors Chronicle
The online white goods retailer’s “spend big to grow fast” strategy continues to hurt profits. UK sales have risen, but marketing costs and widening losses in Europe have increased the overall loss. Sell. 112p.
Dignity Investors Chronicle
The funeral provider faces increasing competition and a shrinking market share. Costs and debt are high owing to investment costs and digitalplatform work. Analysts have trimmed forecasts. Sell. £18.43.
Go-ahead Group The Daily Telegraph
Political uncertainty and the threat of renationalisation under a Labour government have made the travel operator look vulnerable. Rail franchises are in Jeremy Corbyn’s sights – even buses “may not be safe”. Sell. £16.22.
Just Eat The Sunday Times
The takeaway app has nearly 20 million signed-up customers and 79,000 restaurants. Shares have trebled in three years, but the valuation looks “fit to burst” as new competitors emerge. Take profits. Sell. 819p.
Majestic Wine The Times
The wine retailer is on track in the final stage of a threeyear turnaround. Stores have been revamped and customer retention has improved. 50% of sales are now “multichannel”, and 20% are from overseas. Hold. 425.5p.