Fantastic company | Bonkers Bargain upgrades and downgrades
News covered here includes excellent results from two main market stocks, one of which ticks plenty of quality boxes, while the other looks interesting value to us. Elsewhere, one of our Bonkers Bargain opportunities issued another positive update (the fourth this year) sending the shares higher. We also took a close look at results from one of our Stonking Small Caps, which is still growing fast. Read on here for this and other news.
WH Smith: results in-line but remains unloved WH Smith (SMWH), which now call itself “the global travel retailer”, reported 28% growth in revenue to £1.79 billion for its financial year to 31 August. Total travel revenue rose 43% to £1.32 billion and was 27% higher on a like for like basis, while High Street revenue declined 1% to £469m. Headline profit before tax and non-underlying items climbed 96% to £143m, a margin of 8%. Within this, Travel trading profit was £164m (2022: £89m) and High Street trading profit £32m (2022: £33m). Travel UK, which operates from 588 stores, remains the…