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Authoritative Independent Monthly Share Selections Using Technical & Fundamental Analysis

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Secondary Recommendation

Hitachi Credit - £200m securitisation

June 2002

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:
  • HIT
Hitachi Credit UK, which provides financing for the purchase of capital goods by  business and consumer customers,  would make a worthy entrant to The Guinness Book of Records, based on its incredible run of 18 years of consecutive pretax profit growth between 1983-2000 (as the table opposite shows). That record ended with a bump last year after Hitachi suffered unexpected setbacks in two of its  divisions.  The shares which  touched 411p in July 2000 fell as low as 85p.  But with those two  problems now resolved  along with Hitachi posting  better than expected final results, the shares have recently surged to  167p, before settling back to the current 141p. Hitachi Credit makes itsmoney through four main activities:  Fleetlease ...

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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.

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

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