Coronavirus crash victims: is the only way up?
The Ultimate Stocks Portfolio has performed well in 2020, pulled up by a heavy exposure to US tech. But it’s not all good news. Some of the consumer-facing companies, especially in the travel and leisure sector have been truly hammered by the events of the past few months. Here is our run through of the worst performing companies in the portfolio and our views on whether we think there is any chance of recovery.
WH Smith - 62% share price fall
Investors hunting for a shred of positivity in what is far and away the poorest performing company in our portfolio may take a little comfort in the fact that management at WH Smith (LON: SMWH) have been very transparent with their coronavirus reporting.
But positivity will quickly turn to despair once investors read the numbers. WH Smith expects to post a loss of between £70 and £75m in the year…
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