Swallowfield (SWL) has announced interim results including that “we... believe results will be broadly in line with market expectations for the full year demonstrating profitable growth”. “Broadly in line” usually is slightly behind but with still “profitable growth” is an 11.5% share price dump, to 172.5p, justified?...
Personal care and beauty products company Swallowfield (SWL) commences a trading update with that “the board is pleased to announce that overall the group has traded broadly in line with expectations for the full year”. ‘Broadly in line’ = slightly behind… but the shares are more than 15% lower, at 265p. Hmmm…
An AGM statement from Swallowfield (SWL) includes that “trading in the first four months of the year is in line with expectations” and that “we expect to maintain our positive progress.”
Declarations first. Tom and I tipped this on our Nifty Fifty website at a 250p offer. The shares are now 350p-370p so the spread is a deterrent and the best gains have already been enjoyed by readers of our very premium website. But results last week were very good indeed and if you buy at 370p or below I reckon you can make a good turn. More important than the results (for the year to June 24, an odd year end) from the developer, formulator and supplier of personal care and beauty products that is Swallowfield (SWL) was a statement of “confidence that we are well positioned for the future”.
A recent share tip on the Nifty Fifty website at a 250p offer price, shares in developer, formulator and supplier of personal care and beauty products, Swallowfield (SWL) are already ahead to a current 270p offer price. However, this is still down from 290p reached in October - and I believe there could be much more to come and so it is my first tip of the year.
Shares in Swallowfield have bounced more than 5% today after a positive trading update which suggests that profitability will be “towards the upper end of expectations”. This looks like another high-quality AIM stock which doesn't get the attention it deserves.
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