A building company with grand designs for the future

Construction is the last sector that most investors want to buy into right now. But Tom Bulford reckons he’s found one builder that can ride out the storm.

John Ketteley is trying to get into prisons. He thinks there's money in it. And what he told me made me think about a possible opportunity in the future.

OK, let me explain. Ketteley is not some arch villain on a crime spree. He is in fact the executive chairman and 13% shareholder of the building products group, Eleco (LON:ELCO). He reckons that the government's increasing requirement to lock people up which I somehow doubt will be reduced by the recession will provide some work for his group.

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Tom worked as a fund manager in the City of London and in Hong Kong for over 20 years. As a director with Schroder Investment Management International he was responsible for £2 billion of foreign clients' money, and launched what became Argentina's largest mutual fund. Now working from his home in Oxfordshire, Tom Bulford helps private investors with his premium tipping newsletter, Red Hot Biotech Alert.