INF

The publisher and conference organiser posted impressive results in March, with a 42% increase in sales to more than £1 billion during the latter part of 2006. Good organic growth and a very active acquisition programme have helped it sustain the performance, as the pre-closing update in June was pretty bullish too, ahead of the results at the end of this month. Since May, however, the shares have plunged by about 100p to the current 522p level and we are now approaching a resistance level on the way down, pitched at about 500p. Some analysts have set target prices as high as 650p or more and a return towards 600p is very likely. Investors should place a stop loss just below 500p, so if support there fails to hold, you should be protected from steeper declines.

ACTION BUY Informa • Target 600p • Stop loss 490p

TIME TARGET 5 WEEKS