This report is not a personal recommendation and does not take into account your personal circumstances or appetite for risk.
17 November
Market watchers may be asking why shares in diversified tech company Smiths Group (SMIN) are better off to the tune of 10% this morning following a merely OK trading statement. ‘ Resilience,’ I would have thought, shouldn’t translate to share prices soaring 10%.
But given the Paris terror attacks last Friday, the style in which groups like ISIL appear to be operating and the near certainty this morning that Western powers will be vastly upping their vigilance in the long term, Smiths Group’s capability in threat & contraband detection is likely to be in ever increasing demand. It seems the release of a balanced trading statement may have coincided with something far more powerful – something that’s pushed shares in Smiths Group through two moving averages and key trading level 1015p since Tuesday’s open.
This research is produced by Accendo Markets Limited. Research produced and disseminated by Accendo Markets is classified as non-independent research, and is therefore a marketing communication. This investment research has not been prepared in accordance with legal requirements designed to promote its independence and it is not subject to the prohibition on dealing ahead of the dissemination of investment research. This research does not constitute a personal recommendation or offer to enter into a transaction or an investment, and is produced and distributed for information purposes only.
Accendo Markets considers opinions and information contained within the research to be valid when published, and gives no warranty as to the investments referred to in this material. The income from the investments referred to may go down as well as up, and investors may realise losses on investments. The past performance of a particular investment is not necessarily a guide to its future performance. Prepared by Michael van Dulken, Head of Research
Comments are closed.