LONDON (ShareCast) - The Telegraph's Questor column says that the time has now come for International Power to sell the remaining 30 per cent stake to majority shareholder GDF SUEZ.

While the recent bid of 390p a share failed to gain approval from Int'l Power's board, the new 418p-a-share prices has now bee recommended, valuing the business at £22.8bn. "The shares have had a significant run this year when compared with other utilities, so although the "premium" over the price before the offer was announced is just 9%, the offer is almost 20% over the three-month weighted average," said Questor's Garry White.

With the additional attraction of investors being able to keep the final dividend payment from Int'l Power, Questor says take up the offer. "Investors who want quick cash could sell their shares into the market now – but they will forfeit the dividend."

The Telegraph's Questor column has also taken a look at plantation and cattle farm owner MP Evans and recommends investors to buy the stock, which increased profits last year by almost two thirds.

"The main driver of profits is the company's Indonesian palm oil plantation business, with the fundamentals of the palm oil market supporting future growth," the paper writes.

The shares are trading on a current-year earnings multiple of 13.3, falling to 11.5. The column says that positive catalysts for the stock include the company increasing its holdings in North Australian Pastoral Company (NAPCo), one of the biggest cattle companies in Australia, and meeting production targets over the next few years.


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BC

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