This is a stock that I've been tracking for some time. I keep expecting it to correct but it doesn't. Shares are now up over 50% on a YTD basis and over 33% in the last six months. It also keeps coming near the top of my UK equity screens on a fairly consistent basis.
My tip of the week, this is an established UK-based manufacturer of retail cleaning goods. The PE ratio is at the upper end of my acceptable range at just over 12x, but this is tolerable. Shares have been trading in a narrow range since the middle of July, but there could be scope to capture further upside in the next few months.
Every time I feel this share has run its course, it seems to get bid higher by the market. We are adding it to our short term trading portfolio to see how it runs over the next six months,
Want the full story? Access all of The Armchair Trader's content for just £5.99 per month.
Get weekly investment ideas and tips that will take your investing to the next level. Sign up here.
Free 28 day trial. Cancel anytime.
Log In or Sign Up to Armchair Trader+Already a member? Log in here:
Not a member? Sign up now or see the membership benefits
Further content of this article is not available as it is for members only. Please visit the registration page for Armchair Trader Plus+ for further details on the benefits of becoming a member.
