?> Weekend City Press Review

Share Tips from the Weekend Press 13 March - 14 March 2010

The Times
The Daily Telegraph
The Independent
The Daily Mail
The Sunday Times
The Sunday Telegraph
The Mail on Sunday
The Investors Chronicle

 

The Times


Tempus: Nick Hasell reveals several stock picks for investors who are bullish about UK growth prospects as well as a new government: Britvic, First Group, Halfords, Next, United Utilities, Barratt Developments and Mitchells & Butlers.

Personal Investor: Robert Cole believes shares in the FTSE 250 index offer better returns for investors than Blue Chip stocks and suggests that 250 constituents including IMI, Robert Wiseman Dairies and United Business Media should not be ignored.

 

 

The Daily Telegraph


Brokers' Tips: Buy Standard Chartered at £15.90, says JP Morgan; Buy Persimmon at 424p, says Citigroup; Buy Carillion at 286p, says Seymour Pierce; Buy WPP Group at 646p, says Bank of America Merrill Lynch; Buy Arriva at 563p, says Deutsche Bank.

Hold Taylor Wimpey at 38p, says Panmure Gordon; Hold BSkyB at 540p, says Evolution Securities.

Sell Petrofac at £10.72, says Morgan Stanley; Sell Bovis Homes at 381p, says KBC Peel Hunt.

 

 

The Independent


No Pain, No Gain: Derek Pain is keeping an eye on Cashbox, 2.75p, as a future portfolio member although he sees no need to rush to buy in spite of possible bid speculation.

 

 

The Daily Mail


Investment Extra: Alex Brummer in Tokyo reports from a trip to Japan sponsored by Neptune Investment Management that while Japan is perceived as an unfashionable investment, it offers an interesting alternative to the hype surrounding China's rapid growth.

Ian Lyall suggests keeping an eye on Hydrodec which has just agreed a strategic joint venture with a unit of Japan's Kobe Steel that opens up the market for removing PCB, a toxic substance, during recycling. But it is too risky to buy at present.

Brokers' Tips: Buy Connaught at 309p, says Panmure Gordon; Buy Enterprise Inns at 112.4p, says Deutsche Bank; Buy Mears Group at 263p, says Collins Stewart; Buy Yule Catto at 174p, says Royal Bank of Scotland.

Sell Inchcape at 29.5p, says Nomura Code; Sell Luminar at 35.5p, says Astaire; Sell Premier Farnell at 197p, says Shore Capital; Sell Xaar at 79p, says Panmure Gordon.

 

 

The Sunday Times


Inside the City: Jenny Davey says hold Derwent Water, £13.34, which has been a clear winner in the listed property sector during the recession and should be able to withstand any fresh downturn.

While HMV CEO Simon Fox appears to have revived the company's music operations, it is the Waterstone's books division that urgently needs a convincing turnaround plan.

Sharewatch: Shanks fell nearly 17% to 100p last week after the collapse of its long-running takeover talks with Carlyle Group and it seems wise to avoid the stock for now.

 

 

The Sunday Telegraph


Sunday Questor: Garry White says buy BP, 620p, following its US$7bn move to acquire Brazilian and other assets from Devon Energy.

Take profits at ETFS WNA Global Nuclear Energy, £19.37, after the 42%% surge since being tipped in late 2008.

 

 

The Mail on Sunday


Midas: Joanne Hart says buy Kenmare Resources, 14p, as an opportunity to acquire the stock cheaply and take advantage of its substantial growth prospects.

Update: Take some profits in Abcam, tipped at 600p in February last year and now £11.40, but hold the rest for further upside.

Ask Andy: Andy Brough, a fund manager at Schroders, reveals how the asset management company decided to help Earthport through its problems rather than let it go under, although the success of this strategy will not be known until later this year.

 

 

The Investors Chronicle


Tips of the Week: Buy N Brown at 216p; lowly rated in comparison with its rivals in spite of its strong growth, falling debts and overseas expansion prospects.

Buy Greenko at 170p; a long-term play on India's continuing power shortages.

Sell Whitbread at £14.80; the re-rating since last year now looks vulnerable, given market uncertainty and the arrival of a new CEO.

Sell SSL International at 767p; although this runs counter to conventional City wisdom on the stock, its prospects look limited and bid speculation is over-egged.

Updates: Keep buying KSK Power Ventur, tipped on 14 August 2008 at 390p and now 580p.

Keep buying Sportingbet, tipped on 15 October 2009 at 74p and now 69p; Keep buying Trinity Mirror, tipped on 26 February 2010 at 141p and now 154p.

Keep buying VT Group, tipped on 9 November 2009 at 549p and now 676p.

Keep buying Victoria Oil & Gas, tipped on 14 August 2009 at 3.65p and now 4.15p.

Alexon, recommended as a sell on 8 October 2009 at 46p, looks high enough at 29p.

News Tips: Buy San Leon Energy, 19p, for its Polish gas shale potential.

Keep buying Wm Morrison, 303p, and Tesco, 437p, for their growth and expansion prospects.

Metric Property Investments is worth watching when it launches the first real estate IPO of the year on 19 March.

Sell Punch Taverns, 80p, and Enterprise Inns, 111p, given their debts and market certainty.

Investors in China Real Estate Opportunities should probably accept the 330p a share tender offer as its seems a 'fait accompli'.

Tanfield is fairly priced at 40p after receiving an offer from its US joint-venture partner to buy out its Smiths electric vehicles business in the UK.

Feature Tips: The IC identifies ten potential takeover targets: Sportingbet, 66p; Churchill Mining, 98p; BG Group, £11.89; RPC, 241p; Immunodiagnostic Systems, 700p; Clapham House, 57p; Next Fifteen Communications, 62p; Augean, 27p; UK Coal, 58p; and Resolution, 72p.

Funds Tip: Buy The European Investment Trust, 538p, where the discount to its peers looks a strong buying opportunity.

Brokers' Views: BP: Macquarie (Neutral), Collins Stewart (Hold); IC View: Good value.

Grafton: NCB (Buy), Davy Research (Outperform); IC View: High enough.

Results Tips: Sell Galliform, 83p; Buy Balfour Beatty, 282p; Buy Aviva, 381p; Buy Novae Group, 308p; Buy Hardy Underwriting, 283p; Buy Hutchison China Meditech, 243.5p; Buy InterQuest, 49.5p; Buy Tristel, 62.5p; Sell Marshalls, 90.5p; Buy Psion, 89p; Buy Spirent Communications, 112p; Buy Mears, 264p; Buy International Power, 333p; Sell Liberty International, 489p; Buy Rok, 42p; Buy Johnson Service, 19p; Buy Hill & Smith, 360p; Buy Costain, 25p; Buy Shore Capital, 36p; Buy Chime, 211p; Buy BrainJuicer, 156p; Sell West China Cement, 637p; Buy Epistem, 435p; Buy Kenmare Resources, 15p.

Trading Tips - City View: Gold: Mark Sturdy at www.sevendaysahead.com thinks the next leg of the bull market in gold is ready to resume.

Sterling/Dollar: Matt Shaw at www.fixedoddssuccess.com believes sterling could slide to US$1.45 if it goes through the key 'cable' rate of US$1.495.

Rolls-Royce: Brian Monaghan at paddypowertrader says a break above 570p could see it power ahead.

30-Year US Bond Future: Graham Neary at www.futurestechs.com suggests the trend is downwards.

 

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