Investor's Champion Blog
Provides refreshingly forthright, independent comment on predominantly small cap companies and specialist investment funds. Informed opinion, based on first-hand research, but pulls no punches in exposing management weaknesses.

Dobbies – vibrant growth

Much like the plants it sells, Dobbies is showing vibrant growth. In this weeks AGM statement they announced that sales for the 25 weeks to 1st November were ahead by 38.8% overall, representing a like-for-like increase of 12.6%.

The new centre in Dunfermline (48,000 sq ft of covered space) also opened this week and a centre in Sheffield (98,000 sq ft of covered space) is set to open in September. A greenfield site in York by the McArthur Glen outlet centre has just been acquired and subject to planning permission, this should, with the Lisburn site, lead to at least two openings in 2008.

A very positive announcement causing many to marginally upgrade their estimates for the current and following years, however, it’s not just trading that’s exciting everyone. With the Hunter still circling as well Dobbies’ shareholders are having a great ride.


Investor's Champion is a registered trade mark of Investors Champion Ltd.  Investor’s Champion Limited is a company registered in England and Wales under number 03577867 whose registered office is at Langwood House, 63-81 High Street, Rickmansworth, Herts WD3 1EQ. Investor’s Champion Ltd is associated with Fundamental Asset Limited who is authorised and regulated by the Financial Services Authority.