Secondary Recommendation

Metnor - Reinvented as a property developer and builder focusing on buoyant markets

February 2007

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.

The recent disposal of Metnor’s (FT sector: AIM, Basic Materials) legacy galvanising business along with some surplus land has provided the financial muscle to expand the group’s more dynamic property development and construction arms. This new strategy might ring some bells given that it is not dissimilar to the one which transformed TMI favourite Rok, 924p, into such a big winner and investors are already chasing the shares to new highs. The racier part of "new" Metnor is its property development side, which focuses on local projects in its North East heartland. Historically, it confined itself to joint ventures but in a growing sign of confidence, it is now going it alone and choosing schemes falling withi ...

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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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