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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.
Shares in fire and water safety expert Marlowe (MRL:AIM) have strengthened in recent weeks for three reasons.
First, the service group appointed investment bank Berenberg as joint corporate broker alongside Cenkos, helping to raise its profile among institutional investors.
Berenberg believes Marlowe’s shares could be worth 620p in the next 12 months based on a discounted cash flow model and expectations that it will keep making acquisitions at decent prices.
Marlowe also pleased the market on 29 April by saying full year adjusted earnings before interest, tax, depreciation and amortisation (EBITDA) will be ahead of market forecasts after enjoying ‘significant growth’ in revenue and profit.
Coinciding with this news was an event for investors to learn more about the business including information on the recently-acquired William Martin operation, which is Marlowe’s first acquisition in the health and safety audit and inspection market.
William Martin is growing faster than the rest of the group, it has a higher proportion of recurring revenues and it generates higher operating margins.
SHARES SAYS: We’re pleased to see our trade on Marlowe is back in positive territory after a weak period for the share price. The investment case remains highly attractive so keep buying.
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.