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Severfield Rowen

March 2011

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:
  • 240p
Having started the year sitting pretty at 325p, close to double our 164p recommendation in April 2009, structural steel supplier Severfield fell back after saying that although FY10 was in line with expectations, the outlook for FY11 has deteriorated. Structural steel is a basic building block when it comes to building construction. Severfield’s business is to convert an architect’s drawings into buildable pieces and connectors made of steel that form the skeletons of steel-framed buildings. Although H1 was busy as the business worked through its order book, the business has seen orders, particularly in London commercial office contracts  and in the power sector, recently deferred into 2012.    At the sam ...

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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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