Monday, March 7, 2011

Shares to consider

Here is a list of companies that recently crossed my path, for which I thought I'd do a quick write-up. I don't necessarily have any strong convictions about them, but thought they might be interesting.

CTN - Clearstream Technologies
Sector: Health Care Equipment and Services
It designs and manufactures medical devices.
Market cap: £20m (yeah, it's a tiddler)
Share price: 45p
PE 21.2, but forecasts are +174% for 2011m and +110% for 2012.
Z-Score : 3.1
Trading statement on 10-Feb-2011: The Board is pleased to report that ClearStream has enjoyed a good start to the year and that at the half year point results are anticipated to be comfortably in line with market expectations for the full year to 31 August 2011.

There's been major momentum on this share over the last 6 months.

EDIN - Edinburgh Investment Trust
Sector: Investment Trust
IT managed by Neil Woodford of Invesco Perpetual in his typical defensive "equity income" style.
Yield: 4.7%
Discount to NAV: 1.9%
I understand that Equity Income funds usually trade at fairly narrow discounts to NAV, so one should probably not be put off by this. The gearing is 123%.

HLMA - Halma
Sector: Electonic and Electical Equipment
Manufactures anti-theft devices, sensors and relays
Market cap: £1.3bn
Share price:  343.8p
PE 17.2
Forecast growth 2011: +20%
Forecast growth 2012: +9%
Z-Score: 6.9
Median ROE over last decade: 21%

RB. - Reckitt Benckiser
Sector: Household Goods
Owns a laundry list of brands, including Air Wick, Calgon, Cellit Bang, Clearasil, Dettol, etc. etc.
Market cap: £30.0bn
Share price: 3166p
PE: 13.9
Yield: 3.6%
Forecast growth 2011: +1%
Forecast growth 2012: +6%
Z-Score: 4.5
Median ROE over last decade: 35%

RTN - Restaurant Group
Sector: Travel and Lesisure
Operates restaurants. It runs concession stands in airports, and the brands Frankie & Benny's, Chiquito, and Garfunkel's.
Market cap: £575m
Share price: 288.5p
PE: 15.0
Yield: 2.9%
Forecast growth 2011: +10%
Forecast growth 2012: +9%
Z-Score: 3.9
Median ROE over decade: 28%

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