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Norcros - A beneficiary as gas boilers are set to be phased out of new builds

September 2024

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:
  • NXR
  • Price:
  • 220p
Suddenly, times are improving for housebuilders. Mortgage rates are dropping, and they could fall a long way. If this lifts the housing market out of the doldrums, the effect on profits in adjacent sectors could be pretty dramatic. Very little of this recovery potential is reflected in share prices. For instance, Topps Tiles, the only publicly traded volume player in tiles, is still trading at 49p, near the lows, having just bought CTD Tiles from administrators (which takes it into the volume housebuilder segment) and despite a 29% predatory shareholder on its register. I recently bought a small starter position in Lords, a builders’ merchant that supplies timber and plumbing accessories, which is up slightly at 47.5p, down from a ...

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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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