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Secondary Recommendation

Babcock - Strong results rally shares

December 2008

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:
  • BAB
  • Price:
  • 453p
Defence services firm Babcock is one of just a handful of firms to have issued forecast busting results recently and judging by the way the shares have surged in the past few days investors clearly believe the  firm is capable of continuing to churn out rapid profit growth.Following its £350m acquisition of the prized naval shipyard in Devonport, Babcock's main line of work is now marine services (55% profit), which provides maintenance, refit and new-build of warships for the Royal Navy. Just five years ago this side had emerged blinking from a severe period of declining orders triggered by Government budget cut-backs but new life was breathed into it thanks to two factors. The first was the launch of the largest new aircra ...

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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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