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Sunday newspaper share tips

By This Is Money
Updated: 06:33 EDT, 24 July 2007

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Each week we round up the Sunday newspaper share tips and the views of the mid-week tipsters too. For the Mail on Sunday's stock picks read the Midas archive.

And check out the mid-week share tips.

The Sunday Telegraph

Sovereign Reversions (380p) provides equity release products for elderly homeowners, freeing up some of the value stored in a house to provide cash for retirement spending.

Sovereign's results last week showed solid progress, with its earnings per share jumping to 33.6p from 9.65p last year. The company is committed to progressive dividends and has also broadened its business mix through the acquisition of a business that offers advice on equity release to consumers.

Sovereign's shares have fallen about 15% this year, due to fears about the housing market, but Charles Stanley, the house broker, has a price target of 400p. Given the broader demographic factors that support the company's business model, Sovereign is worth a look. Speculative buy.

Shares in Primary Health Properties (366.25p) have been under attack recently, dragged lower by the broader woes of the property sector. PHP buys newly developed medical centres and leases them back to GPs.

The group has built a sizeable portfolio of 90 medical centres and is said to have a further eight new deals in the pipeline. But there are 11,000 GP surgeries across the country, meaning there is a huge market still to go for. PHP is structured as a Real Estate Investment Trust which means that 90% of its post-tax profit is distributed in dividends.

Numis Securities put PHP on a 'buy' recommendation last week with a target price of 525p. Although that suggests the shares could bounce by as much as 44% it is not an unreasonable suggestion - PHP peaked at 530p in January. Its shares look good value. Buy.

City coverage and share tips

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Fears of major hurricanes have been weighing on the shares of Lloyd's of London insurers. While this year is predicted to see some major storms, analysts believe that most of this risk has already been factored into the prices.

Amlin (295.75p) has a proven track record of managing its book through previous major storm seasons, while its last trading statement indicated that the group's full-year outlook was 'very healthy'. Although rates were softening, they were still high on most lines of business.

Amlin is also thought to have potential to make a sizeable return of capital, with a share buyback programme worth at least £100m is expected to be launched later in the year.

Amlin's shares have fallen by 11% since early May, but began to bounce back last week. National Grid's shares (718p) have been on the slide in recent months as investors know that the weak dollar will punish the reported profits from the group's US business.

As a result it has underperformed the European utilities sector by some 18% in the last three months. But there is a growing feeling that the company has been oversold.

There is also a feeling in the market that National Grid could beat its cost savings targets. And disposals that are already in train could prompt the company to buy back about £1.8bn of its own shares, in addition to an existing rolling buyback programme. Given the company's defensive qualities, the recent weakness seems to make for a relatively good buying opportunity.

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