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Please note that tax, investment, pension and ISA rules can change and the information and any views contained in this article may now be inaccurate.
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Please note that tax, investment, pension and ISA rules can change and the information and any views contained in this article may now be inaccurate.
Fast fashion womenswear brand Quiz (QUIZ:AIM) proved a Christmas retail winner and is a growth stock that should excite small cap investors. Pocket the value-for-money occasion wear-to-dressy casual wear specialist at 150p, where there is 46% upside towards Panmure Gordon’s 219p price target.
Encouragingly, this fast fashion retailer’s positive trading momentum continued over the festive period. Overall revenue powered 31.9% higher over the seven weeks to 6 January. While rival, tired-looking brands are waning, awareness of the Quiz brand is growing.
Sales growth is being generated across this omni-channel business; online and international showed especially strong growth over the trading period, up 119% and 51.1% respectively. Like-for-like sales are positive across Quiz’s expanding store estate and concessions are performing robustly.
Gross margin was also in line with expectations following ‘strong full price sales in the lead-up to Christmas’, assured Quiz, reassuring given a blizzard of discounts across the clothing sector.
Panmure Gordon writes: ‘With a scalable supply chain and capacity to more than double revenues, we believe the business is well placed to deliver attractive levels of top line and earnings growth over a sustained period.’
The broker forecasts a surge in pre-tax profit to £10.3m (2017: £8.2m) for the year to March 2018 and a maiden 1p dividend, ahead of £12.6m profit and a 2p payout next year.
These articles are provided by Shares magazine which is published by AJ Bell Media, a part of AJ Bell. Shares is not written by AJ Bell.
Shares is provided for your general information and use and is not a personal recommendation to invest. It is not intended to be relied upon by you in making or not making any investment decisions. The investments referred to in these articles will not be suitable for all investors. If in doubt please seek appropriate independent financial advice.
Investors acting on the information in these articles do so at their own risk and AJ Bell Media and its staff do not accept liability for losses suffered by investors as a result of their investment decisions.
The value of your investments can go down as well as up and you may get back less than you originally invested. We don't offer advice, so it's important you understand the risks, if you're unsure please consult a suitably qualified financial adviser. Tax treatment depends on your individual circumstances and rules may change. Past performance is not a guide to future performance and some investments need to be held for the long term.