News

Sunday's tips round-up: NCC Group, Avocet Mining, LSE

13 July 2008 14:43:00

This week NCC Group posted full-year revenues up 41 per cent to £35.7m with pre-tax profits up by nearly 30 per cent to £10.5m. NCC is confident that it can sustain this rate of growth and trading on just 13.6 times concensus earnings, the stock seems cheap and overlooked by the market. Buy, recommends the Sunday Telegraph.

Avocet Mining appears to have been ignored by the market. Its cash pile represents around two thirds of the current market capitalisation and the shares currently trade on half the average multiples for the sector. Buy, says the Sunday Telegraph.

With the challenges stacking up, LSE shares look a little too risky at present and we recommend giving them a wide berth, adds the paper.

On 34 times 2008 earnings, Autonomy commands a significant premium over its peers. Questor believes at these levels it looks fairly valued and upside from here is limited. Hold, reports the Sunday Telegraph.

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