I want to add a growth The supply of my personal pension (SIPP). This is a change of strategy for me.

In recent years I have focused on value shares, especially income payments FTSE 100 Finance as Legal and general group. But I need a break from being contradictory. Today I want to summarize the rush. Choose a sizzling participation in the growth temperature and, with happiness, I hope it will raise even higher.

Of course, both strategies are associated with risk. Value shares may turn out to be traps, while high -flight actions can be disappointed. I buy particularly carefully after the action increases, which is exactly in the case of FTSE 250 A company that increased by 20%last week.

However, this is not a flash in the pan. His shares increased by over 50% in 12 months and over 115% in five years.

Defense requirement is growing

There is a supply about this Chemring group (LSE: Chg) and has the advantage that they operate in a sector that is now very wanted: defense.

Chemring is a global leader in the field of detecting chemical and biological threats, electronic war and systems that locate improvised explosives. In today’s uncertain world, his set is wanted.

This is not the only driving trend. FTSE 100 contemporary Babcock International He jumped 13%last week. BAE systems AND Rolls-Royce Recently, they were delighted. Fortunately, I keep both.

Chemring received a significant elevator on Friday (June 6), when Analysts in Berenberg modernized the Hold to Buy actions, citing “Very bright” Perspectives until 2030 indicated the preparation of opportunities in the Chemring Energy Department.

Book of huge orders

Berenberg noticed that it is forecasted that earnings on the action meet on average 19% a year over the next three years. Broker called Chemring’s Cena/Rearnings Resalio (PEG) “Nothing”and raised the target price from 470p to 670p.

It was sizzling on the heels of the first half update on Tuesday, when Chemring confirmed its annual guidelines after reporting a 12% raise in profits to 39.8 million GBP. The order book reached a record of 1.3 billion GBP, and consumption increased by 42% to 488 million GBP.

The management recorded growing global tensions, from Ukraine and the Middle East to Asia and Pacific, with many governments increased the defensive budgets and were in a hurry to supplement exhausted stocks.

Time on time

All this explains the recent rally, but even robust actions can work too far, too brisk. There are five forecasts of analysts for shares, all with a 12-month goal 540p. It is almost 7% below today’s price 584p. However, all six analysts are assessing actions, they now call it a robust purchase. Nobody speaks, keep, nobody says sales.

After a quick rape, chemring may go back a bit as the profits appear, so I would wait and watch before diving. With price ratio to a profit of 36, it is not low-cost. Personally, I already have a huge exposure to defense by Bae and Rolls-Royce.

If I were not so exposed to this dynamite sector anymore, I would seriously consider buying chemistry in the coming days. There is still a chance that I can, if the heat disappears from it.