Sunday newspaper share tips
Each week This is Money rounds up share tips from the Sunday newspapers. Find out who is tipping what below...
Read all about it: Latest share tips
The Mail on Sunday
The Mail on Sunday's share tipper weighs the prospects International Ferro Metals and IS Pharma…You can also sign up for free additional Midas share tips that will be sent to your inbox once a week.
Metal firm International Ferro Metals had a tough time last year as the market for stainless steel dried up with the arrival of the credit crunch. The firm extracts chromite ore from its South African mines, which can subsequently be used in the production of the alloy which becomes stainless steel.
The firm is expected to report a loss this year thanks to falling prices and lack of demand. But in the long term prospects are good. A new financing deal with Bank of China and the recent announcement that IFM plans to resume mining as demand from China picks up are positives. Even conservative brokers think the shares should almost double in price over the next year and they are a buy at 50p.
Sunday Telegraph
Industrial material specialist Morgan Crucible has seen its markets hit hard in the economic downturn. But the company, which makes materials and ceramics used in everything from medical instruments to body armour and power generation, released reassuring first half results last week.
Its major markets are in defence and aerospace. The firm does have a significant amount of debt but has made better than expected progress on reducing it - down to £282.9 million - and a cash call is now considered unlikely.
There are signs that the fall in business might be stabilising and it could be near its trough. Shares do not go ex-dividend until December 2 and investors should get in beforehand and buy at 128.75p.
Defence firm BAE Systems reported a jump in its pension deficit last week, causing shares to slide. Investors were spooked by the extra £1 billion in the deficit but this was caused by a fall in asset prices which should recover over time. The company does not think it will have to make a contribution soon and nervousness over the deficit has created a buying opportunity for new investors.
Trading is holding up well and the firm is still attracting new orders. Shares are down 10% since their initial recommendation last November, but are still a buy at 307p.
Sugar and sweetener group Tate & Lyle saw its shares plunge in the year after a series of warnings and the loss of a patent case. But the company has recovered its footing since it was first recommended in June. It is getting a new executive team in place to aid recovery. Tate & Lyle has suffered three years of falling profits and investors should not expect much from interim figures compared with a relatively strong first half last year. But the firm has said profits are ahead of expectations and cost reductions are having a positive effect. A broker upgrade has also boosted sentiment. Investors should buy at 367.75p.
The Sunday Times
Given that Hammerson managed to pull three rabbits out of the hat with a trio of big asset sales this year to save it from the prospect of a second embarrassing rights issue, the balance sheet looks cured for now. The shares have rallied since the spring, but at 343Çp they are still less than a quarter of their 2007 peak and are valued much more cheaply than Land Securities and British Land . Both have portfolios that boast longer leases and more secure income, and the shares offer higher prospective dividend yields (British Land at 6.4% and Land Secs at 5.7% against Hammerson at 4.7%). Sit on the sidelines for now.
Interim results on Tuesday for William Hill are likely to underscore the importance of both sources of revenue to a business whose traditional over-the-counter trade has been hit by a run of bad sports results of late — which to a bookie means the favourites keep winning. The shares have underperformed by 3.5% over the past year, but currently priced at about 8.5 times this year's earnings, they don't look expensive. Cling on.
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