Updates

GKN

November 2012

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.

GKN, the supplier of specialist parts to the automotive and aerospace industries, has unnerved investors, by noting that although trading since H1 has been in line with expectations macro economic conditions have deteriorated in recent weeks. Some softening of order books is evident, particularly European automotive and industrial. As a result although Q4 should see the usual seasonal pickup this softening may have an impact.Given that profit warnings have started to pop up in the industrial sector (see our Elementis update) it seems prudent to introduce a stop-loss of 210p. ...

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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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