Primary Recommendation

Howden Joinery - Housing boom lifts demand for kitchens

January 2014

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.

A strong whiff of the housing market overheating has seen shares in Howden, a leading supplier of kitchens, take off. There is nothing like the feeling of more equity in your house, which allows you to loosen the purse strings on big ticket items like a new kitchen. At the same time, home owners looking to sell will also view a kitchen make-over as an important tool to extract the best price for their property.But Howden doesn’t generally supply individuals but jobbing builders and the company is perhaps not dissimilar to budget airline Ryanair in that it employs a no frills, low-cost model, with its network of depots, which supply items from stock, typically hidden away in back streets and industrial sheds, while you won ...

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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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Howden Joinery - Housing boom lifts demand for kitchens

January 2014

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