PUNT OF THE WEEK: Small-cap logistics firm Clipper clinches contracts with Topshop-owner Arcadia
What is it?
A small-cap logistics company with several different businesses, including one that oversees online shopping deliveries and returns.
Customers include Asos, Sports Direct, N Brown, the NHS and PrettyLittleThing.
What’s the latest?
It recently clinched contracts with Topshop-owner Arcadia and TM Lewin, while annual results this week showed group revenue rose 9 per cent to £501million in the year to the end of April.
Clipper recently clinched contracts with Topshop-owner Arcadia and TM Lewin
Who backs it?
Executive chairman Steven Parkin is the largest shareholder with a 25 per cent stake, while chief information officer Sean Fahey owns 6.3 per cent. Institutional investors include Liontrust Asset Management.
Why should you invest?
Nicholas Hyett, equity analyst at Hargreaves Lansdown, says the e-fulfilment and returns management business will be a big earner.
And why shouldn’t you?
But, Hyett adds: ‘If we have a gripe with Clipper it’s that not all of the group’s businesses are uniformly attractive – such as a commercial vehicle dealership hidden away in the depths.’