Thursday April 10, 06:03 AM
Thursday tips round-up: Signet, Eurasian Natural Resources, Dobbies
LONDON (ShareCast) - Lots of companies are complaining about the effects of the credit crunch. But for jewellery group Signet (LSE: SIG.L - news)
, which owns H Samuel and Ernest Jones, the situation is especially worrying. Burman points out the company will be in a good position when the economy turns, which is probably true. But that could be some way off and by which time the group may have finalised its rather vague plans to switch its main listing to New York anyway. Buyers beware. Sell, says the Independent. Eurasian Natural Resources is looking a sound investment for those who bought in on the float in December. Whether there is much more upside is another question. The company pays no dividend - although it has pledged a payout in the current year - and is valued fairly compared with its rivals. Given the uncertainty and the recent run up, the Telegraph says it is reluctant to encourage investors to buy in now. With property values off at least 20 per cent from last spring and little hope for short-term sales growth, small investors risk a long wait for better returns. Dobbies shares, off 62½p yesterday to £12.50, are up from £11.50 last spring. Harvest (Paris: FR0010207795 - news) profits, says the Times (1832.HK - news) .
 Entertainment Rights (LSE: ERT.L - news) has said that it has started preliminary discussions with potential suitors. If interest does develop into a serious offer, those holding shares should make a pretty profit. Buy, writes the Independent. Cash reserves totalled £4.7 million in September, which, with revenues from Zindaclin, should see York Pharma (LSE: YRK.L - news) through to a launch next year of Abasol, a treatment for fungal skin infections. York shares, up 3¾p to 47½p yesterday, are down from last year's high of 215p. Hold on, says the Times. Finally, a ray of sunshine for Clipper Windpower (LSE: CWP.L - news) , the Aim-listed supplier to the alternative energy industry that has been frustrated, if not beset, by supply problems. Risks remain, but trading at 22 times 2009 forward earnings against a sector average of 24 times, the shares look appealing, writes the Telegraph. Prezzo, the pizza restaurant group thinks its shares are, "ridiculously undervalued," and the fact that the share price is at a 12 month low is, "totally unjustified". This may well be true, but the group will not helped by more gloomy economic news. Hold, says the Independent.
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.
|
|
|
Send Article by Email
