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Authoritative Independent Monthly Share Selections Using Technical & Fundamental Analysis

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Primary Recommendation

Inchcape - Demand for fleet management

September 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:
  • INCH
Inchcape is the world's largest independent vehicle distributor and retailer and has witnessed a  remarkable recovery in its fortunes  since the arrival in 1999 of Chief Executive, Peter Johnson.  It is not surprising that its shares are currently enjoying a strong run, as the UK, where it generates its highest element of sales, experienced growth in  new car sales of 13% in July, smashing all  previous records.  The car  industryis now forecasting annual sales to hit 2.5m units, which would also be a record.     Johnson was in ebullient form whenwe met him over the month, particularly as Inchcape had posted a 32%rise in underlying pretax profit last year. But he is not a man to ...

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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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