3 More FTSE Shares Hitting New Highs This Month

Published in Investing on 30 August 2012

Aggreko (LSE: AGK), Domino’s (LSE: DOM) and Filtrona (LSE: FLTR) enjoy a great August.

The FTSE 100 (UKX) doesn't look like it's going to break its 52-week high of 5,989 points any time soon, but at least it's not falling too far away from it, hovering at 5,730 points at the time of writing -- just 13 points down on the day.

But there are plenty of companies hitting new highs this month and reaching valuations not seen since before the financial crisis. Here are three from the FTSE indices that are having a great time right now...


Aggreko (LSE: AGK) came very close to its 52-week high this week, after soaring 22% since the middle of July. The shares reached a high of 2,322p yesterday, within a shade of this year's high point of 2,347p, which it briefly attained in March.

Shares in the equipment hire specialist are currently back a little at 2,313p, which puts them on a forward price-to-earnings (P/E) ratio of over 20 based on full-year forecasts, and that doesn't really make them look like a screaming bargain any more. But they clearly were earlier in the year -- it's great stuff, hindsight.


Domino's Pizza Group (LSE: DOM) has had a great month, hitting a new high of 556p on 20 August, and it has been hovering round that level since -- coming close again today at 549p. The shares have gained 37% since their low point in December, with two years of earnings and dividend growth currently forecast.

But with dividend yields at only around the 3% mark this year and next, there are almost certainly better growth and dividend prospects out there than Domino's shares at these levels. Still, it's been good for existing shareholders.


Filtrona (LSE: FLTR) shares have stormed up this month, hitting a high of 540.5p on 17 August, and are still around that level, on 535p, today. The company, which makes plastics, fibre and foam products, is now up 71% from its year low of 313p set last October, and up a massive five-fold since mid-2009.

That's been driven by strongly rising profits since the year ending December 2009, with similarly strong dividend growth, and there's a strong year forecast again for this year. But with the price appreciation we've already seen, and forecast yields of 2.4% and 2.8% for this year and next, it's looks like it's already in the price.

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> Alan does not own any shares mentioned in this article.

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