Stock Market News
Thursday tips round-up: Vedanta, Tullow, Greene King
28-01-2010 05:54
| Add To Google +1 | Tweet |
There are few large-cap miners whose shares are as geared to commodity prices as India's Vedanta Resources. Last year's share price performance a rise of 327 per cent said as much. So, too, did yesterday's third-quarter update. The imminent redemption of a $725 million convertible bond at a 40 per cent discount to the current share price may cause short-term volatility. Even so, at £24.84, or ten times next year's earnings, hold on, says the Times.
While Tullow trades on a huge multiple (162.1 times Evolution's forecast full-year earnings) that's only because the company just keeps delivering. The Independent said buy twice last year, and Tullow has rewarded us handsomely. There's enough here to suggest this tiger can be ridden higher still. Keep buying.
Nobody in the pub sector will nail their flag to the mast and call the end of the downturn, least of all Rooney Anand, the highly cautious chief executive of Greene King. But yesterday's trading update covering the 38-week period to January 24 suggests that the Suffolk brewer and pub operator is as close as any of its peers to getting back on an even keel. The shares, up 9¼p at 442½p, a multiple of about ten times full-year earnings, are well worth holding, according to the Times.
News from biotechnology group Plant Health Care yesterday was not great, but it's not a disaster either. The company is still loss making and it is not paying a dividend. However, prospects for its yield-increasing agricultural products are very exciting. The shares, which are down 15pc from their recommendation on August 18, remain a speculative buy, says the Telegraph.
There are few bigger in the speciality chemicals sector than Johnson Matthey and size matters in this sector. The Independent says just hold for the moment. Buy on any signs of weakness in the shares.
It did not take one of Renishaw's precision measuring devices to gauge the turnaround in yesterday's first-half numbers. At 605p, or 21 times next year's earnings, the shares look stretched but not once the likelihood of further upgrades is factored in. Buy on weakness, says the Times.
Charles Stanley's shares are rather illiquid, but at 11.9 times forecast full-year earnings with a prospective yield of 3.7 per cent, they trade at a discount to the sector. Prospects look good, so the Independent says buy.
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.
While Tullow trades on a huge multiple (162.1 times Evolution's forecast full-year earnings) that's only because the company just keeps delivering. The Independent said buy twice last year, and Tullow has rewarded us handsomely. There's enough here to suggest this tiger can be ridden higher still. Keep buying.
Nobody in the pub sector will nail their flag to the mast and call the end of the downturn, least of all Rooney Anand, the highly cautious chief executive of Greene King. But yesterday's trading update covering the 38-week period to January 24 suggests that the Suffolk brewer and pub operator is as close as any of its peers to getting back on an even keel. The shares, up 9¼p at 442½p, a multiple of about ten times full-year earnings, are well worth holding, according to the Times.
News from biotechnology group Plant Health Care yesterday was not great, but it's not a disaster either. The company is still loss making and it is not paying a dividend. However, prospects for its yield-increasing agricultural products are very exciting. The shares, which are down 15pc from their recommendation on August 18, remain a speculative buy, says the Telegraph.
There are few bigger in the speciality chemicals sector than Johnson Matthey and size matters in this sector. The Independent says just hold for the moment. Buy on any signs of weakness in the shares.
It did not take one of Renishaw's precision measuring devices to gauge the turnaround in yesterday's first-half numbers. At 605p, or 21 times next year's earnings, the shares look stretched but not once the likelihood of further upgrades is factored in. Buy on weakness, says the Times.
Charles Stanley's shares are rather illiquid, but at 11.9 times forecast full-year earnings with a prospective yield of 3.7 per cent, they trade at a discount to the sector. Prospects look good, so the Independent says buy.
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.
Stock News is provided by Digital Look Corporate Solutions from Sharecast news. Please read the terms and conditions of useage of this data. Republication or redistribution of content, including by caching, framing or similar means, is expressly prohibited without the prior written consent of Digital Look Ltd.
Get a free widget for your website with our latest headlines.
You can now add our live prices and new headlines to your website.The news widget features quotes for Oil prices, spot Gold price and Indices plus a choice of news channel for healines.
Top Shares pages
- Share price quotes
- Share charts
- Share watch list
- Company Results Calendar
- UK 100 Shares
- Stock market news
- Company news
- Share tips
- A-Z company search
More share features
POPULAR Share Prices
- Lloyds share price
- HSBC share price
- Barclays share price
- Prudential share price
- Diageo share price
- BP share price
- Vodafone share price
- British Airways share price
- Centrica share price
- Tesco share price
- National Grid share price
- RBS share price
- GSK share price
- Marks and Spencer
- Rolls Royce share price
- Banco Santander price
- Rio Tinto share price
- Amec Share price
- Corac share price
- Lookers share price
- Telecom plus share price
- Kier share price
- Punch taverns price
- Blinkx share price
- Tan share price
- Yell share price
- Rsa share price
- Pendragon share price
- Logica share price
- Bat share price
- Sky share price
- Kingfisher share price
- Dragon Oil share price
- Desire Petroleum share price
- RRL share price
- BPC share price
- VOG share price
- SAR share price


Prices

