Primary Recommendation

Enquest - Large director share purchases make for the strongest buy signal

June 2011

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.

The recent purchase of a staggering Â£28m of shares at 138p by Amjad Bseisu, chief executive of North Sea oil group, Enquest, is probably as big a vote of confidence as you'll ever see from a company boss. His enthusiasm reflects two main factors that should combine to significantly re-rate the shares over the next couple of years. First and foremost is that Enquest is enjoying a spectacular surge in profitability, with last year's 586% rise in pretax profit to US$169m likely to be followed by another record breaking year. The second reason for Bseisu putting his mon ...

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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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