Our 2017 portfolio is off to the races

Average gain is more than twice the returns from the market
Thursday 12 Jan 2017 Author: Daniel Coatsworth

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.

Great ideas updates Shares'10 for 2017

‘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)

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Important information:

These articles are provided by Shares magazine which is published by AJ Bell Media, a part of AJ Bell. Shares is not written by AJ Bell Youinvest.

Shares is provided for your general information and use and is not a personal recommendation to invest. It is not intended to be relied upon by you in making or not making any investment decisions. The investments referred to in these articles will not be suitable for all investors. If in doubt please seek appropriate independent financial advice.

Investors acting on the information in these articles do so at their own risk and AJ Bell Media and its staff do not accept liability for losses suffered by investors as a result of their investment decisions.

The Shares team

The value of your investments can go down as well as up and you may get back less than you originally invested. We don't offer advice, so it's important you understand the risks, if you're unsure please consult a suitably qualified financial adviser. Tax treatment depends on your individual circumstances and rules may change. Past performance is not a guide to future performance and some investments need to be held for the long term.