Share tips: Buy into the market for new planes

Over the next two decades, the world's aircraft fleet is set to double. That's good news for this aeroplane parts maker, says Paul Hill.

At last month's Farnborough air show, Boeing predicted that, over the next two decades, the world aircraft fleet would double in size, creating a $4.5trn market for new planes. Add in a huge existing backlog of unfulfilled orders, and prospects for companies servicing this industry look bright. And that's exactly what Bodycote does.

The firm is the world's top provider of metallurgical services for the aerospace (20% of sales), automotive (26%), energy (13%) and industrial (41%) sectors. The firm heat-treats jet landing gear and engine turbine blades as well as other parts for planes, cars and power and defence systems.

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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.