Newspaper and magazine share tips
Round up: The latest share tips from national newspapers and investment magazines
Each day we round up share tips from national newspapers and investing magazines. For the Mail on Sunday's stock picks, read the Midas column.
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FRIDAY
The Daily Telegraph
IG Group confirmed that full-year trading revenues would rise 7% to £320m, bang in line with analyst forecasts. UK Sales growth slumped in April because of the bank holidays, but European revenue jumped 21% to £58m and sales in Singapore added 39%. Revenue from IG Group's troubled Japanese business slid 14% to £21m in the year to May. The prospective yield in the current year has risen to 4.9%, an attractive proposition for investors. Shares are up 73% since their initial tip in May 2009, compared with a FTSE 100 up 31%. Buy.
Car dealership Lookers has confirmed that the consortium buying the company made an offer at 80p a share. The bid process is still at a preliminary stage and there is no guarantee the offer price will be raised, so investors need to be cautious before buying shares in the hope of a quick return. Lookers is a quality business with excellent growth potential and a strong balance sheet. The shares are trading on a December 2010 multiple of 10.7. They were first recommended at 50p in June 2010 and are up 46% compared with a 14% rise in the FTSE 100. Hold.
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The Times
Yesterday was not a good day for any retailer to put out news. Shares in JD Sports Fashion took a thumping, ending down 40.5p to 938.25p. Like-for-like sales were down 2.8% in the four months since January, but this is likely to be due to the bank holidays and last year's sales boost from the World Cup. JD's margins are under pressure from rising commodity prices and from the VAT hike, which in today's trading environment the company will try to absorb. This is a more robust business than others on the high street, but even with the shares on less than nine times this year's earnings, these remain a hold.
Shares in MS International, the leading distributor of natural stone in North America, soared by 62.5p to 277.5p yesterday after full year pre-tax profits doubled to £6.68m. The board said that this was a significant step in restoring its record of delivering a year-on-year improvement in trading performance. This is one to watch. Hold.
The Independent
When Halford put out its full-year numbers yesterday it revealed that recent trading had been boosted by people hurrying off to camp during Easter. Pre-tax profits rose 7.2% to £125.6m for the year to the end of March. In the nine weeks to the beginning of June, leisure sales rose 11.1%, with Easter providing a 1.5% bump. The shares trade on a rating of 10.4 times estimated full-year numbers. That looks cheap, but with an uncertain outlook for the retail sector, we would counsel caution. Hold.
Yesterday's update from the maker of Imperial Leather soap and Carex handwash was reassuring in that, overall, PZ Cussons said performance for the year to the end of May had been in line with management's hopes. The news from Nigeria was good, with business improving during May following the elections, while Asia as a whole continued to perform well. The UK and Europe proved uninspiring. That said, it trades on more than 20 times forward earnings. Hold.
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