3 FTSE Shares Hitting New Highs Today

Published in Investing on 18 October 2012

Games Workshop (LSE: GAW) and Lookers (LSE: LOOK) are hitting new heights.

The FTSE 100 (UKX) came ever so close to its 52-week high of 5,989 today, reaching 5,928 -- just 61 points short. The index subsequently fell back a little to 5,900, 10 points down on the day, but it's been having a very strong week.

If the FTSE is still a little short of a new annual high, there are plenty of individual companies in the various indices that are not. Here are three that have achieved new peaks in the past 24 hours:

Games Workshop

Games Workshop (LSE: GAW) spiked up to a new high of 715p yesterday, before falling back to 672p today. The shares are now up around 60% on a year ago, marking great progress in a recovery that started back in mid-2008 -- the current price is more than five-and-a-half times the low point of that year.

And there could be more to come, as current analyst forecasts suggest a dividend yield of more than 6.5% for the year to May 2013, though that would be barely covered by forecast earnings.


The motor trade suffered during the downturn, but this year Lookers (LSE: LOOK) has being doing very well. The shares are up more than 40% over the past 12 months, having hit a new high of 78.25p today.

A strong half-year report in August helped. The full year to December is expected to show fairly flat earnings, but the shares offer a well-covered dividend of more than 3% and a forward price to earnings ratio of a fairly modest 11.

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The shares of Goodwin (LSE: GDWN), the family-run small-cap engineer, has had a roller-coaster year, peaking in March before falling back, then powering on up again to a new 52-week high today of 1,615p -- that's an overall rise of nearly 60% over the past 12 months.

There are no current City forecasts available, but at the time of the firm's first-quarter interim statement in September (for the three months to July), revenue was up 19% over the same quarter last year to £31 million, with pre-tax profits up 54% to £3.8 million.

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

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