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Authoritative Independent Monthly Share Selections Using Technical & Fundamental Analysis

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Primary Recommendation

TBI - Vinci poised to rebid

August 2002

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:
  • TBI
TBI, the owner of Luton, Belfast and Cardiff City airports,  seemed an unlikely candidate for a fast recovery after 11 September, but growth in passengers from low cost airlines like Easyjet  continues to plug a gap left from the decline in charter and scheduled traffic.  This is the reason why TBI's passenger numbers still grew 4% in the year ended March 2002.   But the short termreason for buying the shares is the anticipation of a bidding war forTBI. Airport construction group, Vinci, had offered 90p a share lastSeptember before  the terrorist atrocities caused it to walkaway.  Stock Exchange rules forbid Vinci from making anotherhostile bid within 12 months of the original offer lapsing, but ...

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TBI - Vinci could rebid from 25 September (September 2002)

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.

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