Another solid FTSE 350 growth stock to balance out penny share risk in a portfolio.

This company boasts impressive earnings per share growth for the last 9 years! The company directors pledge to double the net asset value of the company every 5 years, and to date have surpassed expectations.

The company re-develops brownfield sites eg. old factories, warehouses etc. and turns the land around into mixed use of commercial, residential and leisure based property. As a result the company regenerates whole areas, providing jobs and revitalising local economies.

Recent results confirm uptrend intact. Earnings and dividends tend to grow by as much as 20% per annum.

If you want a stock thats going to deliver you 20-30% growth per annum for the next 5 years, then St. Modwen is well worth looking at.

Broken through previous all time high and now looking good for 350pence and beyond.

Earnings growth is in the bag. A continuation of the strong progressive dividend policy should also maintain yield.

TSQ

Sorry - thought I had read the whole sector were going to be looked
at and re-rated (target prices etc) due to the growth that had occurred.

Thought this was worth looking at again and have been buying dips at or around 300p.

My feeling is next set of figures in new year will show further solid profit progress and a further raised dividend. Figures to date would suggest this.

This stock could perhaps provide a trading buy at or just below 300p with the 330p level being the first target. Results should help an upward breakout.

TSQ