Pace (LSE: PIC), Rank (LSE: RNK) and Moneysupermarket (LSE: MONY) race upwards.
Just when the FTSE 100 (UKX) had broken the 5,900 level and looked to be heading for its 52-week high of 5,989 points, we had a US market panic that led to a slump of over 100 points in the index of top UK shares yesterday. Today it's down further at 5,784 points, having lost about eight points on the day so far.
But individual companies in the FTSE indices hit new heights every day. Here are three shares that are soaring this year...
Pace
Pace (LSE: PIC), the set-top box and digital broadcasting technologist, has had a cracking year, with the shares having trebled to reach a new 52-week high of 193.4p.
Pre-tax profit did fall back a bit last year, and this year is expected to be pretty flat, but there's a return to growth forecast for 2013, and the shares are on a forward price-to-earnings (P/E) ratio of 11 for this year, falling to 9 next, which is way below the long-term FTSE average of around 14.
Rank
Rank Group (LSE: RNK) hit a new high yesterday, of 154.3p, before falling back a little today to stand at 148p at the time of writing. Rank's recovery since a slump around the middle of the year has been impressive, with the shares now up 35% on their 51-week low of 110p.
Full-year forecasts indicate a 16% rise in earnings from the gaming and leisure operator, with a dividend of a little over 2.5% expected.
Moneysupermarket.com
Moneysupermarket.com Group (LSE: MONY) has been a success story in recent years, today hitting a new 52-week high of 151p. That takes the shares up 55% from their year-low of 97p set just before last Christmas, and up more than three and a half fold since their low point during the credit crunch.
Indications for the full year suggest a 20% rise in earnings and a 3.7% dividend, with 2013 figures improving to 24% and 4.4% respectively.
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> Alan does not own any shares mentioned in this article.
