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Authoritative Independent Monthly Share Selections Using Technical & Fundamental Analysis

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Senior

December 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:
  • SNR
  • Price:
  • 188.5p
Although caution in the industrial engineering sector has forced the shares to tread water trading has been in positive vein with profit before tax in line with expectations. Cash generation remains strong with net debt of £68m at end September £25m lower than at the start of the year. Within Aerospace (64% H1 2012 sales), which supplies engine structures and air frames, its main large commercial aircraft market was strong with shipments at healthy levels. Offsetting that were more challenging conditions in aerospace military & defence, European passenger vehicle and North American truck markets. Meanwhile, Flexonics (34% sales), which supplies exhaust connectors and emissions control components, delivered a strong pr ...

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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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