3 Shares Set to Beat the FTSE Today
LONDON -- The FTSE 100 is pretty flat today, slipping just 12 points to 5,918 at the time of writing. Barring any late downturn, it looks like we could be on for another positive week, even if the index is still shying away from its 52-week high of 5,989 points.
There hasn't been a lot of movement in individual shares today, but we have seen a few rises of note.
Hot on the heels of Centamin Egypt's announcement that a fuel dispute had led to supplies drying up and forced the company to suspend operations at its Sukari gold mine, reports now say fuel supplies are back on. The supplier has also, apparently, accepted that no retrospective payment is currently due.
And just as the shares slumped yesterday, so they bounced back today, up 25.3% to 35 pence. That's not back to where it was before the fuel-inspired crash, but there is still no news on whether Centamin can resume gold exports yet.
Moss Bros Group popped 1.7% to 59 pence this morning after releasing an upbeat interim statement confirming that it "has continued to trade well and is on course to deliver the anticipated levels of growth, in line with market expectations." Like-for-like sales for the 45 weeks to Dec. 8 were up 5% on the same period last year.
Moss Bros managed to turn in a small profit last year after several years of losses, and the next couple of years are expected to consolidate that success with further gains.
Trinity Mirror shares continued their impressive recent climb today, putting on a further 1.6% to 94 pence. That takes the shares up nearly fourfold since the news company's dark days under the leadership of unpopular boss Sly Bailey.
But even after that, current forecasts still put the shares on a P/E of only three. Could Trinity Mirror become one of the most successful recovery stories in recent years?
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