Around a year ago I tipped shares in upmarket cooker company Aga (LSE:AGA). They looked cheap on 7.9 times earnings and I thought trading was about as bad as it could get. The shares have more than doubled since then.
The reason is Britain’s booming housing market. The company needs a strong housing market to sell more Agas and Rangemaster cookers, and it has got one. Aga sales are up 15% so far this year, but Rangemaster sales – which have historically been popular in new houses – have been slower to pick up.
With the Help [...]
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