How our tips have fared: Halfords

Phil Oakley tipped bike retailer Halfords as a buy just under a year ago. Here, he reports on how the shares have got on.

Just under a year ago, Halfords had been having a bit of a rough time and profits were going down. With a new chief executive in place armed with a different strategy, we thought the shares could be a turnaround story and tipped them as a buy.

Last week, Halfords confirmed that it has been turning itself around with a nice increase in half-year profits. The stock market liked what it saw and the shares soared. They are now up 40% since we tipped them.

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Phil spent 13 years as an investment analyst for both stockbroking and fund management companies.

 

After graduating with a MSc in International Banking, Economics & Finance from Liverpool Business School in 1996, Phil went to work for BWD Rensburg, a Liverpool based investment manager. In 2001, he joined ABN AMRO as a transport analyst. After a brief spell as a food retail analyst, he spent five years with ABN's very successful UK Smaller Companies team where he covered engineering, transport and support services stocks.

 

In 2007, Phil joined Halbis Capital Management as a European equities analyst. He began writing for MoneyWeek in 2010.