Shares in focus: Conveyor belts bring profits

Fenner is a good buy for the long term, but should you wait for a cheaper entry point? Phil Oakley investigates.

I first recommended buying shares in manufacturer Fenner just over two years ago. It has not worked out well. Anyone buying at 455p per share back in February 2012 will not have made any money. Instead, the shares have been extremely volatile, bouncing around as the company has had to deal with challenging trading conditions in its key markets. On Tuesday this week Fenner warned that its profits in 2014 would be hit by the current strength of [...]

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