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Latchways - Recovering strongly

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:
  • LTC
Latchways, which designs fall arrest safety-equipment under the Mansafe brand name, is a classic world beater with a record of sustained growth going back to before the group floated in 1998. Its growth is being driven by an increasing tide of safety-related legislation worldwide. But Latchways has had a relatively difficult time in 2002 when it was hit by a downturn in the US economy, as well as capital spending restrictions in the telecoms sector. But the tide has begun to turn and at the AGM last month, Latchways announced that it expected sales to reach an all time recordlevel in the first half, with profit well ahead of the corresponding period last year. Momentum on the sales front is  building up strongly as ...

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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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