Share tips: A play on European industry

The European Central Bank has to print extra money at some point. And when it does, this distributor of European industrial components will profit, says Paul Hill.

Here's an upbeat prediction for you the worst of the European debt crisis will be solved within six months. That might sound hopelessly optimistic, but believe it or not, it's a real possibility.

Last Thursday, a €7.5bn issue of new shares from Italy's largest bank, Unicredit, flopped. This means other challenged banks are now locked out of the equity markets, at a time when they've been told to raise €115bn in fresh capital. The banks now have little option but to go cap in hand to their governments.

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Paul gained a degree in electrical engineering and went on to qualify as a chartered management accountant. He has extensive corporate finance and investment experience and is a member of the Securities Institute.

Over the past 16 years Paul has held top-level financial management and M&A roles for blue-chip companies such as O2, GKN and Unilever. He is now director of his own capital investment and consultancy firm, PMH Capital Limited.

Paul is an expert at analysing companies in new, fast-growing markets, and is an extremely shrewd stock-picker.