n Personal Finance Newsletter - Richemont looking attractive : shares

Volume 2005, Issue 299
  • ISSN :



Extracted from text ... 6 October 2005 Moneyweb's PERSONAL FINANCE RICHEMONT, the luxury goods maker, is looking increasingly attractive for investors in the wake of a trading update that surprised well on the upside. Local and international stockbrokers have given the share the thumbs up with numerous rating upgrades. Where analysts saw fivemonths sales rising 11% in "constant currency terms" (euros), the actual result came in at 16%. This in terms of a trading update for the five months to 31 August 2005, delivered at the annual general meeting in Geneva recently. On the day of the update, Richemont traded more than 3% ..

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