Date: Tuesday 28 Feb 2012
LONDON (ShareCast) - In the Times, Tempus is tempted by a scoop of non-food products goliath, Bunzl, whose plastic spoons, bags and cleaning products are in high demand in the US, Brazil and Australia.
The company likes to grow by making small acquisitions of family owned companies, the strategy seems to be working, with pre-tax profits up to £306.1m by the end of 2011, a rise on the previous year of 11%. Currently trading at 13 times earnings, Tempus thinks after a short rest, the shares have further to go. Buy.
Blue collar recruitment firm Staffline is given a hold rating after reporting a profits rise of 7% for 2011. The company trades at just six times earnings, which as Tempus points out, is low.
Financial software supplier Microgen is given the once over. Tempus says that, despite trading at 18 times earnings, a bid is possible.
Sharewatch, in the Independent, weighs up the London Stock Exchange, which has been the subject of bid speculation, both as hunter and prey, since most people can remember. Sharewatch says a possible takeover of the London Metals Exchange may hurt the share price for a while, but the stock might be worth a punt after a significant drop as the LSE itself may well become a takeover target again.
In the Telegraph, Questor gives the Iraq based oil producer Genel Energy a punt. Described as a “speculative buy”, Genel has high quality assets in the Kurdish region of northern Iraq. Despite obvious geo-politicial risks, the upside of the company becoming a major independent producer is too much for Questor to ignore.
BS
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