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Charter

January 2009

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:
  • CHTR
  • Price:
  • 313p
Charter, the provider of welding products and air and gas handling equipment, has confirmed that it will achieve underlying earnings for 2008 in line with previous expectations. Its preliminary results will be announced on 27 February, while the company will also update investors in January on the actions it is taking to deal with the harsher economic outlook. The latest eps forecasts (put out by three brokers after Charter's IMS in November) range from 87.4p to 93p for this year, while for next year the range is 65.5p to 71.6p.Helped by director buying on 24 November at 250p, the shares have rallied slightly but remain very cheap. Keep holding. ...

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Related Articles

Charter - Net cash of £52m (April 2009)
Charter - Cost cuts to save £30m (March 2009)
Charter - Engineer with powerful tail winds driving growth (October 2008)
Charter - Next year’s eps upgraded to 91p (November 2007)
Charter - Benefiting from favourable market conditions (August 2007)
Charter - Steal consumption keeps driving growth (May 2007)
Charter - Engineering firm a major beneficiary of steel boom (November 2006)
Charter - Beneficiary of Chinese infrastructure growth (May 2006)

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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