Sunday newspaper share tips
Each week, we round up the main share tips from the Sunday newspapers. You can find the latest tips from the Financial Mail on Sunday's tipster, here.
Since The Business is no longer a newspaper, the only other tips come from The Sunday Telegraph.
Sunday Telegraph
Supported by strong platinum prices and a good underlying performance, Johnson Matthey last week delivered half-year profits of £115m, an increase of £9m on a year earlier.
The group is one of the world's biggest distributors of platinum, but also has a fuel cells business that is talking to electronics firms about developing methanol fuel cells for mobile phones and laptop computers. Its environmental technologies business, which makes things such as soot filters for diesel engines, continues to enjoy strong growth. Keep buying at £14.27, particularly as the group's diverse range of businesses make it perfect for a break-up strategy.
Evolutec is a small biotechnology company that is developing products for the treatment of allergic, inflammatory and auto-immune diseases based on the saliva of tics. Unlike many biotechs, Evolutec has one proven programme so far with the ongoing development of its hayfever treatment. Investors are also expecting further news on clinical results for three new diseases, including inflammation following cataract surgery. Investing in the biotech sector is always risky but the allergy market is worth £5.7bn a year and Evolutec is targeting a slice of that. Shares are at 133.5p.
Shares in property group Halladale have fallen recently after two of its directors sold shares - a drop that looked to be an over-reaction as the selling was prompted by personal tax matters. The recent weakness could represent a buying opportunity as the company is working on a number of deals that could spark renewed interest.
A shopping complex in Brentford that Halladale bought in 2004 for £9m is to be sold at a price expected to be in excess of £40m, while the group is also working to increase it exposure to office space in central London and so dilute its involvement with the retail sector. The group has delivered consistent year-on-year growth since listing in 2001 and shares - at 140p - are up from 86p two years ago.
And from Satruday...
Daily Telegraph
The Questor column turned its attention to power provider Aggreko. It said last week's trading update took even its most dedicated followers by surprise. The company said it would beat its already impressive 32% growth in the first half to post pre-tax profits of £80m this year – a 42% increase on last year.
A boom in mining and oil, where temporary power is a prerequisite, has helped drive the growth, said Questor. Aggreko has also thrived in developing countries, where the economies are growing faster than their power-generating capacity, causing more blackouts every year.
The verdict? The shares are expensive, trading at around 18 times next year's earnings. Current guidance is for just 10% growth next year, which looks remarkably conservative considering Aggreko is on track to grow by more than 40% this year and shows no sign of losing momentum.
As the only UK-listed company of its kind it should sit comfortably in most portfolios. Questor says Buy.
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