How our tips have fared: Aga

Around a year ago, Phil Oakley tipped shares in upmarket cooker company Aga. So how is it doing now?

Around a year ago I tipped shares in upmarket cooker company Aga (LSE:AGA). They looked cheap on 7.9 times earnings and I thought trading was about as bad as it could get. The shares have more than doubled since then.

The reason is Britain's booming housing market. The company needs a strong housing market to sell more Agas and Rangemaster cookers, and it has got one. Aga sales are up 15% so far this year, but Rangemaster sales which have historically been popular in new houses have been slower to pick up.

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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.