Sunday May 4, 11:26 AM
Sunday tips round-up: National Express, JD Wetherspoon, Genus
LONDON (ShareCast) - National Express (LSE: NEX.L - news) trades on about 10 times forecast earnings for 2008, falling to a little over
nine times for the following year, which placed them on a discount of about 10 per cent to the rest of the sector.With the yield better than many in its peer group at 4.5 per cent, the stock looks cheap. With analysts putting a valuation on the shares of about £14, the Sunday Telegraph advises investors to jump on board - whether there's space to sit down or not. There was a sense that, for JD Wetherspoon at least, the glass had gone from being half empty to half full. The difficulty is, it is hard to see just where any short-term catalyst for a re-rating of the shares is likely to come from. If you own them, hold them, but don't go rushing back for a top-up just yet, says the Sunday Telegraph. On a forward-earnings multiple of 25 times and a yield of just 1.2p, Genus (LSE: GNS.L - news) seems fully valued and there doesn't seem much more to milk out of it. Sell, says the Sunday Telegraph. Just Retirement (LSE: JR.L - news) , the life assurance group that focuses on people nearing, or in retirement, published a strong set of new business figures this week. With the robust statement this week, and given that annuity deferrals cannot last for ever, the Sunday Telegraph believes this could be a good time to buy back.
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