News

Thursday tips round-up: SABMiller, L&G, Manganese Bronze

17 April 2008 06:32:00

Dresdner Kleinwort reckons that concerns over the global economy do not outweigh growth potential for the rest of the year at drinks giant SABMiller, the Independent notes. Investors that follow suit are likely to be raising a toast, says the paper, so buy.

Although it has been well flagged that L&G would be caught up in the slowing housing market, there was still some disappointment yesterday after it revealed a 14pc slide in sales of individual protection policies, but the Telegraph still has the shares as a buy.

Manganese Bronze is setting a lot of store by its Chinese adventure, and for those happy to sit on their stock for the longer term, the London taxi maker might just turn out to be a decent punt. Hold for now, reckons the Indepedent.

Cabbies may be fretting but investors can afford to hold on for international rewards around the corner, adds the Times.

On 12 times 2009 earnings with a 2.6pc yield, credit checking company Experian's shares are a lot cheaper than they once were but are still priced for growth. There is unlikely to be much of that for a while, so best avoid reckons the Telegraph.

Sports Direct shares trade at a premium to JJB and the rest of the sports retail sector, including John David Group. Given the grim update from JJB that premium looks unjustified, says the Times, so sell.

Buyers should be wary of the hotels sector, and now is probably not the time to punt given the economy, but Peel Hotels is worth watching. The Independent says hold.

In short, the potential is there at Russia-focused oil producer Imperial Energy. But the question remains as to whether Imperial can turn potential into profit. A rights issue at £6 a share - a 40pc discount to Tuesday's close - might look appealing. But the price was discounted for a reason. Subscribe, but through gritted teeth recommends the Telegraph.

Cambridge software developer Aveva has nearly quadrupled in under three years and now trade on an aggressive 21 times expected earnings. Investors tempted to take profits now could risk holding on for a possible large return of cash when the final dividend is set, believes the Times.
Please note: Digital Look provides a round-up of news, tips and information that is impacting share prices and the market. Digital Look cannot take any responsibility for information provided by third parties. This is for your general information only as not intended to be relied upon by users in making an investment decision or any other decision. Please obtain a copy of the relevant publication and carry out your own research before considering acting on any of this information.

All data suppied by Digital Look (15 minute delay)




Risk Warning

There is an extra risk of losing money when shares are bought in some smaller companies including 'Penny Shares'. There is a big difference between the buying price and the selling price of these shares. If they have to be sold immediately, you may get back much less than you paid for them or you may have difficulty in selling them. Past performance is not a reliable indicator of future results. The price may change quickly and it may go down as well as up. You could lose every penny put into a particular share.

The information contained above has been compiled from documented sources which are believed to be reliable but, due to their very nature, are subject to a degree of historical inaccuracy and have not been independently verified and cannot be guaranteed. The pages on this website are provided for information only. City Equities Limited will not accept responsibility for loss incurred by any person or body acting, or refraining from acting, as a result of information and/or opinions given anywhere on this website. Issued by City Equities Limited, Aldermary House, 10-15 Queen Street, London, EC4N 1TY. Registered in England. Registered No. 2742847. Registered Address: Amwell House, 19 Amwell Street, Hoddeson, Herts. EN11 8TS. City Equities Limited is Authorised and regulated by the Financial Services Authority. Registration No. 155051.