Update: Five tips that have seen a rise
Graeme Dickson is away this week, so we update on five of his tips.
One for the gamblers launched at the end of July and so far the majority of the tipped companies have risen.
The companies are diverse and of course a risk, but the column has already been a heralded success.
Five companies that have risen:
Communisis – tipped at 23.625p on 1st September, the price closed yesterday at 24p, up 1.6%.
The marketing services provider is worth £32m and announced post tax profits up to £2.2m versus £1.7m last year, whilst earnings per share rose to 1.58p compared to 1.22p in 2009.
The stock trades on 7.8 times 2010 forecast earnings and is expected to yield 5.6 per cent. 62 per cent of the stock is owned by institutions and directors of which Gartmore has the largest stake at 28 per cent
IQE – tipped at 24.25p on 25th August, the price closed yesterday at 33.5p, up 38%.
The semi-conductor wafer company's products are used in radio frequency devices, transistors and other advanced electronic components.
It has seen its shares slowly go from strength to strength over the last year, but it is still a fraction of what it was during the dotcom bubble, when its share price was hovering around 800p.
Pursuit Dynamics – tipped at 223p on 18th August, the price closed yesterday at 337p, up 51%.
This was a risky punt, considering the company generated just £100,000 of revenue last year, lost around £6m and is capitalised at £155m. However, brave investors that took the plunge when Graeme recommended them have seen a huge increase.
Pursuit is a company which provides energy efficient solutions primarily aimed at industrial customers. The aim is to help their customers improve their production and to reduce the use of natural resources.
The graph shows the price in the shares over the past month - and how it has raced up in value:
United Utilities – tipped at 593p on 4th August, the price closed yesterday 596p, up 0.5%.
The company is embarking on a disposal programme to raise over £450m which will help reduce gearing and 'clean up' the business, possibly leaving the company as an attractive takeover proposition.
Excitement has returned to the utilities sector and that traders' are now paying much closer attention.
Bodycote – tipped at 236.4p on 28th July, the price closed yesterday at 245p, up 3.6%.
The company is the world's largest heat treatment company that improves the properties of metals and extends the life of components (particularly helpful for manufacturing companies).
Analysts at the Royal Bank of Scotland have aired their views that both Bodycote and Morgan Crucible (MGCR) are likely candidates to come under the spotlight for potential bid activity after the recent Tomkins takeover announcement.
Graeme is back next week for another share tip that will set your pulse racing.
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