Average gain is more than twice the returns from the market
Our annual stock portfolio has delivered more than twice the gains as the wider market since we priced the selections in mid-December 2016. The ’10 for 2017’ portfolio is so far up by 7.2% on average versus a 3.5% gain from the FTSE All-Share index.
One of the best performers is mining services group Capital Drilling (CAPD), up 13.2% to 56.49p. Broker FinnCap has included the stock in its top tips for 2017 and believes the shares could rise by another 50% this year, having upgraded its price target from 70p to 85p.
‘In the downturn, it has enhanced its competitive position; it has a well invested rig fleet with plenty of spare capacity,’ says FinnCap analyst David Buxton. ‘This will result in a high level of profit drop-through on additional contract wins.
‘The group has remained profitable at low activity levels and has a net cash position to support an above-average dividend yield.’ (DC)
