Updates

Fenner

February 2013

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.

Fenner has made good progress with the latest Q1 in line with expectations although this year will be more second half weighted than previously.Engineered Conveyor Solutions, which makes conveyor belts for the coal and iron ore mining industries, enjoyed a strong quarter although industry sentiment in Australia declined as a result of lower prices. However, in the last month prices have started rallying again.Within Advanced Engineering Products, which provides performance critical components such as seals and hoses, activity rates softened because of customer de-stocking but there are now encouraging signs H2 will be stronger. Consensus eps forecasts have been slightly pared to 35.1p for the year ending August, risi ...

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Zytronic - Gross margin jumps 260 basis points

Smart Metering Systems - Results ahead of expectations

Fenner (June 2013)

Fenner (June 2012)

Fenner - Broker reckons it's now a bid target (April 2012)

Fenner - Industrial engineer sees huge eps growth thanks to mining boom (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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