Simon Thompson 

Titon buying opportunity

Simon Thompson

Simon Thompson

Shares in Colchester-based Titon (TON:170p), a small-cap designer and maker of domestic ventilation systems, and door and window hardware, have reversed a chunk of their gains after hitting a 24-year high of 222p in May (‘Bargain Shares: another chance to bag some bargains’, 14 May 2018), so giving back most of the paper profits made after I included the company’s shares, at 160p, in my 2018 Bargain Shares portfolio. The reversal is wholly unwarranted in my view, reflecting a misinterpretation of UK construction data rather than Titon’s own operational performance.

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