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magazineFocusrite finds its groove
Focusrite (TUNE:AIM) 460p
Gain to date: 42%
Original entry point: 324p, 30 Nov 2017
Our positive call on global music and audio products group Focusrite (TUNE:AIM) is 42% in the money, buoyed by a positive first half trading update (9 Mar) flagging year-on-year growth in revenue, profits and cash and bumper Christmas demand.
Shares believes Focusrite can become a much bigger business. Developing and marketing hardware and software used by amateur musicians and audio professionals, we see significant upside to come from new product launches and further global audio production market share gains.
We’re also encouraged to see Focusrite has been added to the highly successful CFP SDL UK Buffettology Fund (GB00B300FJ66), validating our bullish stance.
In his April factsheet, manager Keith Ashworth-Lord flags Focusrite’s well established brands and managers ‘steeped in the industry’.
Ashworth-Lord, a highly picky manager who applies the methodology of ‘Business Perspective Investing’ championed by Buffett, says: ‘Compound annual growth over the last five years has been: sales 21.2%; operating profits 29.2%; EPS 22.8%.’
Important information:
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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.
