Sunday April 27, 11:17 AM
Sunday tips round-up: RBS, Moneysupermarket.com, Connaught
LONDON (ShareCast) - If there is a silver lining to the storm clouds hanging over Royal Bank of Scotland (LSE: 91ID.L - news) , it is
that shareholders now have the chance to pick up the bank's stock on the cheap. Shareholders should take up their rights, which look a reasonable if not enormously attractive deal, but certainly not buy new shares at this price, says the Sunday Telegraph.The credit crunch and economic downturn offers both up and downside for a company such as Moneysupermarket.com. However, at current levels the company trades on around 13 times 2008 adjusted earnings, which certainly looks better value than the float price. It (Frankfurt: A0MLX5 - news) could perhaps be time for a nibble. Buy, writes the Sunday Telegraph. Connaught (LSE: CNT.L - news) is not cheap at 21 times 2008 earnings and even 16 times for 2009, but in return you get a business that has 99 per cent of revenues forecast for 2008 secured, plus 93 per cent of those for 2009 and 77 per cent of those for 2010. If you're expecting a prolonged and deep downturn, Connaught's defensive properties shouldn't be overlooked. Buy, says the Sunday Telegraph. Filtrona (LSE: FLTR.L - news) has held up well in a challenging environment and has won new contracts to offset business losses elsewhere. With a 5 per cent yield and trading on just eight times projected 2008 earnings, the Sunday Telegraph believes investors should hold on.
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