Primary Recommendation

Charter - Engineer with powerful tail winds driving growth

October 2008

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.

Readers might think it odd that a company whose main products comprise welding products and air and gas handling equipment should be generating the type of growth more associated with a successful technology stock rather than a dowdy metal basher. However, engineering firm Charter, which has increased operating profit from Â£37m to Â£176m over the past five years, has really set its stall out to become the ultimate momentum stock. The secret to its success is that it supplies welding equipment used by those fabricating steel components as well as fans for use by fossil fuel power stations, both of which have seen burgeoning demand on the back of the oil boom plus the phenomenal growth in China.Not for the first time, Charter's res ...

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Afren - West African oil firm on cusp of another major acquisition

Charter - Net cash of Â£52m (April 2009)

Charter - Cost cuts to save Â£30m (March 2009)

Charter (January 2009)

Charter - Next yearâ€™s eps upgraded to 91p (November 2007)

Charter - Benefiting from favourable market conditions (August 2007)

Charter - Steal consumption keeps driving growth (May 2007)

Charter - Engineering firm a major beneficiary of steel boom (November 2006)

Charter - Beneficiary of Chinese infrastructure growth (May 2006)

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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