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Severfield Rowen

June 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.

  • Epic Code:
  • SFR
  • Price:
  • 172p
Despite latest GDP quarterly figures showing a sharp fall in construction, Severfield, which fabricates the large meccano-like components that form the skeletons of steel-frame buildings, has reported that it continued to bank orders, with its UK order book at £216m. Meanwhile, its Indian joint venture has seen output at the plant in Bellary reach targeted productivity levels and its order book currently stands at £36m (and a prospect list approaching £100m). We tipped the shares at 164p in 2009 and having touched 325p, they have retraced to current levels. There are more exciting opportunities; we will drop update cover. ...

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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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