Thursday tips round-up: Bloomsbury, FirstGroup, HICL
Date: Thursday 24 May 2012
In the Telegraph, Questor wonders whether the publishers of the Harry Potter books, Bloomsbury, still has the magic touch. If it does, it will need to 'get with the programme' on digital platforms - so a 159 per cent increase in ebook sales last year is welcome news.
Other impressive stats include a cool £12.6m of revenues from intellectual property sales (including copyright licences) while academic sales are strong. Trading at 9.5 times forward earnings Questor thinks Bloomsbury is worth a punt.
In the Times, Tempus can see an investment case for transport firm FirstGroup but it’s for the fainthearted. The firm has problems in its American school bus operation as well as its UK bus arm. Nor does anyone know exactly which British rail franchises it will be running as the current bidding process continues. On the other hand, the shares look cheap, trading on just seven times 2012 earnings and with an 11.5% yield (although this is likely to decrease). “For risk takers only” is the conclusion.
Tempus thinks infrastructure investor HICL will appeal to some investors. It takes stakes in school, hospital and road projects, then pootles along with a decent dividend and possible asset growth. Last year it returned 8% and has little exposure to the Eurozone. Dull, but possibly a haven amidst the current storm is the advice.
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