3 FTSE Shares Hitting New Highs

LONDON -- After another positive week last week, the FTSE 100 (FTSEINDICES: ^FTSE  ) , at a level of 5,922, is just 67 points short of breaching its 52-week high of 5,989 set in March. The index has come close a number of times over the past few months, but just one more good week might be all it needs to finally make it.

We have some impressive highfliers among the individual constituents of the various FTSE indexes, too. Here are three hitting new highs.

Thomas Cook (LSE: TCG  )
Thomas Cook Group shares are soaring, putting on a further 16% today to hit another in a series of 52-week highs, today reaching 42 pence. That represents a threefold rise in the price since its 2012 low of 12.7 pence in February.

Thomas Cook's recovery has been impressive, after the firm barely managed to save itself by getting new banking facilities in the nick of time. After two years of big losses, the high-street travel firm is expected to be back in profit in the year to September 2013

BBA Aviation has been climbing of late, and its shares reached a new 12-month high today of 224 pence, taking the price up a third from the year's low of 168 pence back in January.

Forecasts suggest a small earnings fall for this year, with the shares on a price-to-earnings ratio of 13, with a 4% dividend yield expected. For 2013 forecasts, that improves to 12 and 4.2%, respectively.

Delcam (LSE: DLC  )
Delcam shares are up 65% since a year ago, having hit a new high of 888 pence today. The AIM-listed company, which develops advanced CAD/CAM software for the manufacturing industry, has come through a few flat years to post nice growth in earnings for 2010 and 2011, and there is further growth forecast by the City for this year and next.

The shares are on a slightly toppy P/E of over more than 17 for this year, falling to 16 for next year, but compared with the prices growth shares reach during better economic times, today's price might still turn out to be a bargain.

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 (2)

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: 2146799, ~/Articles/ArticleHandler.aspx, 10/27/2016 5:25:11 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 8 hours ago Sponsored by:
DOW 18,199.33 30.06 0.17%
S&P 500 2,139.43 -3.73 -0.17%
NASD 5,250.27 -33.13 -0.63%

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

10/27/2016 5:09 AM
BBA $250.20 Down -3.50 -1.38%
BBA Aviation CAPS Rating: No stars
DLC $0.00 Down +0.00 +0.00%
Delcam CAPS Rating: No stars
TCG $68.61 Down -1.39 -1.98%
Thomas Cook Group CAPS Rating: No stars