If you'd invested in: Entertainment One and Alfa Financial Software
Entertainment One, home to children's' TV favourite Peppa Pig, has seen profits more than double.
If only...
Entertainment One (LSE: ETO) is a Toronto-based entertainment production and distribution company, whose products include the phenomenally successful children's TV series Peppa Pig. This remains the company's most valuable asset, and, along with fellow children's favourite PJ Masks, drove the bulk of the firm's profit growth in the year to the end of March. Revenue fell slightly to £1.05bn after the film division underperformed, but higher margins and cost savings meant profits more than doubled from £35.9m in 2016/2017 to £77.6m this year.
Be glad you didn't buy...
Alfa Financial Software (LSE: ALFA) provides systems software to the motor finance industry and other asset financing businesses. When it floated on the London Stock Exchange in May last year it was the UK's biggest public offering of the year; demand for shares was so great that a third of those who wanted in were unable to buy. However, the company's first post-listing results in March missed expectations, and when delays to major projects led to a profit warning in June, the share price plunged by 40%. It has now fallen by more than 50% in the last 12 months.
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Ben studied modern languages at London University's Queen Mary College. After dabbling unhappily in local government finance for a while, he went to work for The Scotsman newspaper in Edinburgh. The launch of the paper's website, scotsman.com, in the early years of the dotcom craze, saw Ben move online to manage the Business and Motors channels before becoming deputy editor with responsibility for all aspects of online production for The Scotsman, Scotland on Sunday and the Edinburgh Evening News websites, along with the papers' Edinburgh Festivals website.
Ben joined MoneyWeek as website editor in 2008, just as the Great Financial Crisis was brewing. He has written extensively for the website and magazine, with a particular emphasis on alternative finance and fintech, including blockchain and bitcoin.
As an early adopter of bitcoin, Ben bought when the price was under $200, but went on to spend it all on foolish fripperies.
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