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We are adding a new stock to our longer term growth portfolio this week, including a 20% downside stop loss. This is because it can be a little volatile and has recently put in a single day 11% return on the back of some very solid results. This is a telecommunications play that is firmly focused on emerging markets.

We are big believers in many of the social and economic growth fundamentals underpinning much of Africa at the moment. It has a young population, growing urban middle class, more stable government in several countries than we have seen since independence, and a more diverse economic outlook. Telecommunications companies are well positioned, as they also benefit from a lack of ageing or legacy infrastructure, unlike in developed countries.

This company is £3.3bn market cap UK-listed play which has seen some solid share price growth this year, up from around 60p, and is now trading at 109p. But the share is still at around 10x which makes it cheap. The dividend yield is 3.95%.

 

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Please note this article does not constitute investment advice. Investors are encouraged to do their own research beforehand or consult a professional advisor.

Stuart Fieldhouse

Stuart Fieldhouse

Stuart Fieldhouse has spent 25 years in journalism and marketing, including as a wealth management editor for the Financial Times group, covering capital markets and international private banking, and as an investment banking correspondent for Euromoney in Hong Kong. He was the founder editor of The Hedge Fund Journal.

Stuart has worked at CMC Markets, supporting the re-launch of its global financial spread betting and CFD trading platforms. He is also the author of two books on trading, published by Financial Times Pearson. Based in The Armchair Trader’s London office, Stuart continues to advise fund managers, private banks, family offices and other financial institutions.

Stocks in Focus

Here are some of the smaller companies we are following most closely. They all represent significant growth stories in our view. Our in-depth reports go into more detail on why we like them.

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