Primary Recommendation

Pressac - Dirt cheap on a PE of 6.5

May 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.

This month's recommendation, Pressac, is an opportunistic choice for TMI. Pressac is a debt laden business, which supplies electronic and electrical systems such as controllers for ABS braking and air-conditioning to the automotive market. It also supplies decorative components to this and the telecommunications market. Between 1995 and 2000, the group grew sales by 240% to Â£193m and pretax profit 470% to Â£26.3m. This outstanding performance was driven by acquisitions plus the continuing trend for car manufacturers to increase the amount of electronic content in vehicles in order to differentiate themselves. Butit has been the diversification into moulded covers for mo ...

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Sectors on the move - May

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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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