image

Authoritative Independent Monthly Share Selections Using Technical & Fundamental Analysis

Latest issue now available

Charter

July 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.

Engineering firm Charter has issued a profit warning, which it blamed on lower production and falling prices in the steel industry and a weakening in both export dependent economies such as Germany and emerging market economies of Russia and Brazil. Against this background, ESAB, its welding consumables business, saw a 35% reduction in volumes in Europe and the USA in May, although other regions have been more stable.In the light of this further deterioration Charter has responded with more overhead reductions, including two permanent and two temporary factory closures. These measures will cost £10m but save £20m a year, which taken together with the previous restructuring brings total annual savings to £60m.Meanwhile, H ...

To access our archive of articles and to receive current issues you need to subscribe.

Subscribe now

Already a subscriber? Login

Related Articles

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.

All material on this website is protected by copyright. You may use Information retrieved from the www.scsw.co.uk website for your own personal non-commercial use which means that you may not sell or copy this information to any third party without prior written consent. ISSN 1358-183X

LIMTED TIME OFFER

SUBSCRIBE TODAY AND SAVE £30 USING OFFER CODE 30OFFTMI

To access our archive of articles and receive current issues you need to subscribe