Steve Moore and I worked together at t1ps.com from the day he left University. He is a very talented young analyst and a man of utter principle which is why he quit t1ps. He is now working with my on my Nifty Fifty website but also writing off his own bat and I am keen to support that. Apart from anything else he talks a lot of sense. As such I bring you his analysis of Fenner PLC. Steve writes...
Shares in Fenner plc (FENR), a FTSE 250 conveying and advanced engineered products provider, have recovered strongly from 33.75p March 2009 lows to currently trade at 419.5p. However, they trade comfortably below their level of a year ago – having hit 483.7p in March 2012. The following reviews the value proposition at current levels
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