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Authoritative Independent Monthly Share Selections Using Technical & Fundamental Analysis

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Charter - Earnings forecast upgraded to 59p

August 2006

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:
  • CHT
  • Price:
  • 706p
Engineering firm Charter noted that results for the first five months of this year at both its main divisions of ESAB (which manufactures welding products) and Howden (air and gas handling) have been ahead of expectations. Howden’s order book has continued to grow, albeit at a marginally slower pace than towards the end of last year. Charter will also benefit this year from the fact that several of its profitable territories have significant brought forward tax losses and Numis believes the tax rate could be as low as 17%. Separately, Charter has announced that the welding industry has won its first federal welding fume trial in the US, which given that it is one of a number of defendants, is extremely good news. On ...

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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.

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