Brokers predict strong share growth

IRISH shares with a proven track record have the ability to deliver strong growth in 2003.

That optimism comes from Merrion Stockbrokers who maintain the ISEQ Index has the ability to grow 25% next year. The brokers argue that compared to the US, European and Irish shares are still on modest price earnings ratios of 11 times 2003 earnings.

Merrion’s Rory Gillen argues that shares are looking attractive on the basis of forecast earnings for the S&P in the US.