Updates

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.

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 Â£68m at end September Â£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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Whitbread - Shares have now gained 283p since our recommendation

Dragon Oil

Senior - Gain to date: 96% (May 2015)

Senior - Engineer riding boom in commercial aerospace (October 2014)

Senior - Eps enhancing acquisition (May 2014)

Senior - Price target lifted from 268p to 305p (October 2013)

Senior -Benefiting from up swing in production of large commercial aircraft (May 2013)

Senior - Largest customer still bullish (September 2012)

Senior - Upturn continues in main commercial aerospace market (May 2012)

Senior - Supplier of components to commercial aircraft performing well (February 2012)

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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