Sunday newspaper share tips
Each week, we round up the main share tips from the Sunday newspapers.
Read Financial Mail's Midas share-tipping column, HERE.
Sunday Telegraph
Explorer Tullow Oil's trading update last week assured investors that its Jubilee development in Ghana is on track to produce its first oil in the second half of 2010.
Despite North Sea gas production slipping, Tullow's prospects for future production look exciting, and the firm's finances are on a sound footing after a £402m fundraising. Buy at 919p.
Hilton Food Group, the Huntingdon-based meat packing group, is benefiting from double-digit growth in its Eastern European business. Alongside this rapid expansion, the firm recently raised its dividend by 10% - a move which looks secure due to group's strong cash generation. Investors should buy at 177.25p.
Project management and engineering firm Amec boasts a £3.4bn order book and is continuing to win new work. The firm also has a strong cash hoard which it can use to make acquisitions, but the shares are looking undervalued by the market. The shares are tipped at 631.5p.
Mail on Sunday
Some readers have highlighted in their emails the performance of Kalahari Minerals, an Aim-traded company whose main asset is a 40% stake in Australian business Extract Resources.
Extract has uranium mining interests in Namibia and has had notable exploration success in recent months. When Midas recommended Kalahari in February, the shares were 43p.
Now they are 162% up at 112¾p and readers are wondering whether to hold on for more gains.
•• Midas verdict: Few stocks have done as well as Kalahari this year and the recent momentum is unlikely to continue. But more positive news is expected from Extract in August and big investors are building stakes in this business, so the share price should make further gains in the coming months.
There is no harm in taking some profit now, but investors should hold on to half their stock, at least until August.
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