TT New Bid Speculation????

Interesting interview by Citywire with Peter Webb and his comment:

'I know several companies are dusting off their cheque books and this could be a catalyst for improved markets early in the year.' ( Webb has 23% of Pressac)



11:14 Sat 28 Dec 2002
More picks from the AAA shrewdies
As a third consecutive year of falling markets comes to a close, Graeme Davies has been asking Citywire AAA rated managers to gaze into their crystal balls and try to find the road to success in 2003.


In today's instalment he talks to Peter Webb and Carl Stick. Peter Webb, manager Unicorn UK Smaller Companies unit trust says; 'Markets will stay difficult.'

Webb told Citywire he thinks this year will see a shift in theme from consumer stocks to cyclical industrial stocks, particularly in the small cap field. He said: 'It is going to be interesting, consumer spending is slowing and I think the industrial sector will see improved numbers from the changes and rationalisation over the last three years.'

He is also expecting an increase in corporate activity: 'I know several companies are dusting off their cheque books and this could be a catalyst for improved markets early in the year.'

Webb is sticking with sectors he has already identified such as oversold cyclicals, electronics, recruitment, IT hardware and fallen technology companies with good business models which are backed by sufficient funds. The best growth will be found in small caps