Prezzo appears to be doing rather well. Yesterday's results showed a 37% rise in full-year pre-tax profits, beating market hopes and boosting the restaurant chain's shares. At 13.1 times forward earnings for this year, falling to 11.7 times on the estimates for next year, the Independent thinks Prezzo remains affordable, not least because of the fact that it offers some of the strongest prospects in a sector that is facing myriad challenges. Buy, the newspaper says.

LSL Property Services embraces most aspects of the residential property market. These include surveying and valuation services, estate agency and letting via a chain of high street branches. The group's confidence in the future was exemplified by a 56 per cent increase in the total dividend. LSL looks a good example of a fashionable company in a very unfashionable sector that could well repay patience. The Scotsman says buy.

Investors in Misys might have been excused a slight crisis of faith after the company suffered a shaky second quarter, with the shares retreating as key contracts were delayed. But a quarter on, and the software firm's world view has improved. The weak valuation - Jefferies puts the stock on 13 times forward earnings for 2012, leaving it at a 3% discount to peers - only adds to the attraction, as Misys deserves to trade on a premium. Buy, says the Independent.

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RG

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