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Authoritative Independent Monthly Share Selections Using Technical & Fundamental Analysis

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Howden Joinery - Introduce stop-loss of 105p

May 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.

  • Epic Code:
  • HWDN
  • Price:
  • 112p
Famous economist John Maynard Keynes once said that “When the facts change I change my opinion†and although kitchen supplier Howden Joinery was one of our New Year NAPS at 96p it does operate in the big ticket consumer sector, which is suddenly looking vulnerable as coalition cuts and a rising cost of living have caused a wave of profit warnings in the sector. While its strong cash generation and expansion plans make for a sound long-term investment, the shares could de-rate if consumers put their credit cards back in their wallets. Introduce a stop-loss of 105p. ...

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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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