Track the companies that matter to you. It's FREE! Click one of these fan favorites to get started: Apple; Google; Ford.



3 FTSE Shares Hitting New Highs

LONDON -- Is the FTSE 100 (FTSEINDICES: ^FTSE  ) getting cold feet again as it inches toward its 52-week high of 5,989 points? Well, after an up week so far, it has fallen back a bit today, down 0.27% from yesterday's nine-month high.

Still, even if the FTSE 100 hasn't quite hit a year-high, a number of constituents of the various indexes have. Let's take a look at three of them.

WH Smith (LSE: SMWH  )
It's been a pretty good year for WH Smith, whose shares have risen more than 30% over the past 52 weeks to hit a new high of 668 pence. And since dipping to 467 pence in June, the shares have soared by 43%.

But even after that performance, current forecasts don't make the shares look expensive. City analysts have modest earnings-per-share growth of 6% penciled in, and that puts the shares on a price-to-earnings ratio of less than 10, and there's a 4.6% dividend yield predicted.

Xaar (LSE: XAR  )
Xaar, the wonderfully named inkjet printing technologist, enjoyed a boost yesterday from a strong trading update, and its share price has responded by hitting a new 52-week high of 290 pence.

After a strong second half, Xaar expects full-year revenue of 83 million pounds to 85 million pounds, up 20% on last year's figure. And partly thanks to operating profit margins rising from 15% to about 20%, profit is now expected to come in ahead of market forecasts.

Telecom Plus (LSE: TEP  )
Telecom and utility supplier Telecom Plus, which trades as the Utility Warehouse, is back on the up, having hit a new 12-month -- and five-year -- high of 910 pence today. The firm's price rise has been very impressive, and though the first quarter of this year did see a fall back to 602 pence, it is back up 50% since then.

Yet another two years of good growth are forecast, with dividend yields of 3.5% and 4.1% predicted for 2013 and 2014, respectively.

Finally, useful 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's 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 (1)

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: 2152724, ~/Articles/ArticleHandler.aspx, 10/21/2016 11:36:54 PM

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 2 hours ago Sponsored by:
DOW 18,145.71 -16.64 -0.09%
S&P 500 2,141.16 -0.18 -0.01%
NASD 5,257.40 15.57 0.30%

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

10/21/2016 12:11 PM
SMWH $1582.19 Up +5.19 +0.33%
WH Smith CAPS Rating: No stars
TEP $1223.83 Down -15.17 -1.22%
Telecom Plus CAPS Rating: No stars
XAR $471.00 Up +4.00 +0.86%
Xaar CAPS Rating: No stars