Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.

This Engineer Could Power Ahead in a Niche Market.

By Malcolm Stacey

22 February 2016 02:49

More:

Hello Share Tusslers. We've had a few good days on the Stock Market. Nothing to get excited about, though, as the old shares have done so badly of late, that the rally hasn’t made much difference. So far.

Already a member? Sign in

• All premium articles

• Tom Winnifrith’s Bearcast

• Access to all the entire nearly 13 year archive

• ShareProphets Daily Newsletter

Cancel any time

This area of the ShareProphets.com site is for independent financial commentary. These blogs are provided by independent authors via a common carrier platform and do not represent the opinions of ShareProphets.com. ShareProphets.com does not monitor, approve, endorse or exert editorial control over these articles and does not therefore accept responsibility for or make any warranties in connection with or recommend that you or any third party rely on such information. The information available at ShareProphets.com is for your general information and use and is not intended to address your particular requirements. In particular, the information does not constitute any form of advice or recommendation by ShareProphets.com and is not intended to be relied upon by users in making (or refraining from making) any investment decisions.

Comments

JASPERTHERDOG

22 February 2016, 03:39

Malcolm,
You naughty man! You forgot to mention the recent purchase of ‘Peter Brotherhood’. Not as might be supposed a secretive sect, but a maker of middling sized steam turbines, with a 11.5 freehold site in Peterbourough. They say it will be a ‘transformational’ acquisition (what CEO does not say this!) He may be right, but they have taken on substantial debt to buy it. And, lets face it, steam turbines seem Sooo last year’s technology.
Malcolm Stacey

22 February 2016, 03:49

Hi Jasper. The reason I didn’t mention it is that space is a bit limited – and, as you suggested in your post – the outcome of this take-over is inconclusive. It might improve profits, it might not. I usually only include stuff to help people make up their minds. But it’s an interesting point about steam power.
Xanderbelle

22 February 2016, 04:44

Au contraire Jasper
Just because Steam Powered sounds victorian, remember, every power station in the world (coal fired,oil,gas,nuclear) has a steam turbine at its heart.
Even some of the new fangled renewables (solar towers,geo thermal) include steam turbines.
JASPERTHERDOG

22 February 2016, 05:47

Thank-you both, Malcolm and Xanderbelle,
My steam comment was supposed to be a post-modernist bit of irony. Obviously it failed!
I realise that Peter Brotherhood supply steam turbines to the Royal Navy for their subs, and they are not far off cutting edge.
Spiffing Share Shifting.