News

Expro views its biggest risk as the sterling/dollar exchange rate. However, most analysts, while acknowledging this risk, point out that the firm's particular exposure to offshore, rather than land sites, is likely to be good for growth. Buy, says the Independent.

Inchcape's earnings growth has been modest: about 3 per cent last year and a forecast 6 per cent in 2008. That pedestrian pace suggests that at 405p, or 10.4 times 2008 earnings, and yielding 4 per cent, the shares are no more than fair value, writes the Times.

Ceres' chief executive Peter Bance acknowledges that the British Gas agreement is the only one the company has yet signed, and until the ink is dry on other contracts, Ceres has only a foothold in the UK market.

He sees the only other risk as being "turning a small company into a global engineering giant". Time will tell if this achieved, but the group has taken its first small steps. Buy, says the Independent.

At 200p, or 14 times next year's earnings, RM is worth tucking away for the long term, writes the Times.

White Nile has interests in Kenya and Ethiopia, but both are secondary concerns compared to its activities in Sudan, and both are still at the expenditure stage. The company reported losses of £799,000 last year, against £699,000 in 2006. Cautious hold for now, says the Independent.

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