3 FTSE Shares Hitting New Highs

LONDON -- Is the FTSE 100 (FTSEINDICES: ^FTSE  ) finally on a run to beat its 52-week high of 5,989 points? Well, it's 12 points up on the day as of 9 a.m. EST, so there are only 109 points to go. If we get our third positive week in a row, the index might reach that magical target sooner than we think.

While the FTSE 100 itself is heading upward, there are plenty of individual shares powering up ahead of it. Here are three companies whose prices have hit new heights.

Enterprise Inns (LSE: ETI  )
Enterprise Inns reached a new 52-week high of 92 pence today before dropping a couple pennies to 90.5. That's about a 350% gain since the share price's 52-week low of 26.25 pence set back in early January.

The price is still way down from pre-crash levels of nearly 5 pounds, mind you, but as the company continues its asset sell-off and reduces its debt mountain, the shares are at least moving back in the right direction.

N Brown (LSE: BWNG  )
N Brown Group hit a new high at yesterday's close of 370 pence, and today it stands just a few pence short of that at 366 pence. The price hasn't soared quite as high as some, but it's still up around two-thirds on the year's low of 221 pence.

The multichannel retailer released mixed interim results in October and was able to lift its first-half dividend by 3% to 5.45 pence per share. City analysts are expecting a full-year payout of about 13.6 pence per share for a yield of 3.7% on the current price.

Telford Homes (LSE: TEF  )
The homebuilding industry has turned around nicely so far, though few have done so well as Telford Homes this year. The London-based developer has seen its shares zoom up more than 150% over the past 12 months, hitting a 52-week high of 192 pence today.

We're still expecting a tough year to March 2013 with a fall in earnings per share. But for 2014 the City is forecasting a big recovery to put the shares on a price-to-earnings ratio of about 10.5, which seems pretty modest, with a thrice-covered dividend yielding around 3.3%.

Daily gains from shares can all play their part in making you your first million, but the real secret to becoming rich from shares is simple long-term investing in fundamentally sound companies and letting steady growth and dividends power your wealth upward. If you don't think making a million is feasible, read the Motley Fool report "10 Steps To Making A Million In The Market" and see if you change your mind. The report won't cost you a penny, so click here to have a copy delivered to your inbox while it's still available.

Read/Post Comments (0) | Recommend This Article (0)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

Be the first one to comment on this article.

Compare Brokers

Fool Disclosure

Sponsored Links

Leaked: Apple's Next Smart Device
(Warning, it may shock you)
The secret is out... experts are predicting 458 million of these types of devices will be sold per year. 1 hyper-growth company stands to rake in maximum profit - and it's NOT Apple. Show me Apple's new smart gizmo!

DocumentId: 2140035, ~/Articles/ArticleHandler.aspx, 10/26/2016 12:43:23 AM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...

Today's Market

updated 3 hours ago Sponsored by:
DOW 18,169.27 -53.76 -0.30%
S&P 500 2,143.16 -8.17 -0.38%
NASD 5,283.40 -26.43 -0.50%

Create My Watchlist

Go to My Watchlist

You don't seem to be following any stocks yet!

Better investing starts with a watchlist. Now you can create a personalized watchlist and get immediate access to the personalized information you need to make successful investing decisions.

Data delayed up to 5 minutes

Related Tickers

10/25/2016 11:35 AM
BWNG $186.00 Down +0.00 +0.00%
Brown (N.) Group CAPS Rating: No stars
ETI $92.75 Down +0.00 +0.00%
Enterprise Inns CAPS Rating: No stars
TEF $289.33 Up +1.58 +0.55%
Telford Homes CAPS Rating: No stars