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Authoritative Independent Monthly Share Selections Using Technical & Fundamental Analysis

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Industrial Stocks "on the march" - Morgan Crucible / Bodycote

April 2012

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

  • Epic Code:
  • MGCR / B
  • Price:
  • 341p
Traditionally, any manufacturing business used to be considered the ugly duckling of the stock market, deserving of a low PE. But a quick peek at the bottom left top right charts emerging in the industrial sector would indicate a sizeable number are showing decent growth credentials. Picking up on this was a fascinating note from broker Oriel, which provides evidence to suggest that the outlook for these shares is far rosier than anyone dared hope. For example, leading forecaster IHS now expects global auto production to increase 4% in 2012, while the World Steel Association expects 5% and Boeing & Airbus predict 8-10% increases in commercial aircraft. Perhaps the biggest eyebrow raiser was US construction equipment bellweather, Cate ...

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With small companies there is an above average degree of risk compared to buying blue chips. Please be aware that we have not assessed the suitability of any of these investments for you. The newsletter simply states a personal view and diarises the editor’s investment decisions. Please speak to your stockbroker or other qualified individual to ascertain whether any of these companies mentioned would form useful additions to your own portfolios. Past performance is no indication of future success.

All material on this website is protected by copyright. You may use Information retrieved from the www.scsw.co.uk website for your own personal non-commercial use which means that you may not sell or copy this information to any third party without prior written consent. ISSN 1358-183X

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