Silentnight: Charms show through
Article Abstract:
Silentnight is the largest bed maker in the UK having 20% of the bed market. Beds are often a distress purchase, being driven by the need to replace a worn-out bed, keeping demand steady. Profit is less steady due to trading up and down between costly and cheap beds. The company's cabinet-making arm includes a loss-making acquisition. Shares are at 175 pence, and have probably borne the damage of the imminent exceptional cost of reorganizing the three cabinet factories.
Publication Name: Investors Chronicle
Subject: Business
ISSN: 0261-3115
Year: 1999
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New factory adds promise to John Lewis of Hungerford
Article Abstract:
John Lewis of Hungerford is a producer of kitchen furniture which is performing well and has started using a new factory. The company was set up in 1972 and was floated on the Alternative Investment Market in 1997. The company has seen profit rises of some 20% annually since 1993, but the stock price has remained below the flotation price. The company is seeking an institutional investor to provide backing for the stock price to permit acquisitions.
Publication Name: Investors Chronicle
Subject: Business
ISSN: 0261-3115
Year: 1998
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Silentnight
Article Abstract:
Silentnight produces bedside cabinets and beds, which comprise a mature market, but the company has a strong position in Britain. Silentnight could return cash to stockholders, or make an acquisition, though there are no obvious targets.
Publication Name: Investors Chronicle
Subject: Business
ISSN: 0261-3115
Year: 2000
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