The transport sector contains companies showing the underlying growth the market currently expects f...
The transport sector contains companies showing the underlying growth the market currently expects from telecom stocks but not the share price to match. When, or if, the sector ever catches up no one knows but in the meantime the FTSE All Share Transport index is trading on a P/E of 13.2 times and offers a yield of 4.11%. In contrast the FTSE All-Share is on a P/E of 27.9 times and yields 3.08%. Geoff Miller, manager of Exeter Equity Income unit trust, favours FirstGroup which has bus and train operations and owns 51% of Bristol International Airport. He says: "An analyst told me if you...
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