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Chieftain - Growing industrial outsourcing side

November 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:
  • CFT
  • Price:
  • 140p
We have tried to meet engineering group Chieftain (CFT; 140p) at various times in the past but the company has always preferred to keep its head under the parapet, so sadly we have missed some of the gains in the share price. But having now finally got round to meeting the company, it’s clear that the business is on a much firmer footing than when we first alighted on the company two, maybe three years ago. Back in 2004, Chieftain had sales of £11.8m but for the current year to December they may easily top £34m, helped by a small acquisition but mainly due to a rapidly growing startup business. Established in 1979, Chieftain’s mainstay historically has been the outfitting of warships and oil & gas plat ...

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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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