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Primary Recommendation

Hitachi Capital - Prospective PE of 7.7

December 2006

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:
  • HCU
  • Price:
  • 235p
Hitachi Capital (UK) started trading on the Full List in 1997 when the business was a wholly owned subsidiary of Hitachi Capital Corporation (HCC), which is quoted in Japan and is itself a subsidiary of the large electronics group Hitachi. HCC demerged the business, which was originally set up to provide installment credit and leases for Hitachi Group products in order to enable it to grow under its own steam but connected company lending now accounts for around only 1% of its sales. It is perhaps partly because of this curious history and the fact that Hitachi is a popular consumer brand that many investors may not be aware that the mix of profit has shifted dramatically and the lion’s share now comes from the provision of ...

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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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