Sunday newspaper share tips
Each week This is Money rounds up share tips from the Sunday newspapers. Find out who is tipping what below:
Word on the street: Who is tipping who?
Mail on Sunday: Midas
- Read the full Midas column
FirstGroup shares were 657p last summer but today they are 370¾p. The stock has been affected by concerns about transport companies in general, concerns about fuel costs and concerns about debt. But First is in a far better position than most other transport groups, its debt is being paid off steadily and it has long-term financing in place.
Public transport is expected to become increasingly popular over the next decade, City analysts forecast steady growth in First-Group's revenue and dividends and many believe the shares are worth nearer 500p. Buy.
Park Group shares are trading at 18½p, providing a yield of nearly 8%. The company has no debt, it is investing in future growth and should flourish as more companies use its vouchers and more individual consumers use its website. Buy.
The Sunday Telegraph
Galvanised steel supplier Hill & Smith is undervalued due to concerns over its debt levels. These fears could be overdone as net debt was well within its banking facilities at the end of the last financial year.
Investment is still strong in the transport infrastructure sector and this should benefit the group. The firm is expected to see good cash generation this year and reduce its borrowings.
A recent trading statement reported that the company was performing in line with expectations, with infrastructure products doing well, compared with reduced activity in the galvanising and construction operations. Debt fears mean the company is trading on a low earnings multiple and investors should buy at 202p.
Bank Standard Chartered has reported record income and operating profits before tax in the first five months of the year, but was cautious on prospects for the remainder of the period.
Wholesale banking performed well, partially offset by weaker activity in its commercial banking division. Standard Chartered is tipped as a longterm strategic investment based on its focus on emerging markets throughout the world. Shares are a buy at 1159p.
The Sunday Times
Charles Wilson has rightly earned a reputation as one of the best turnaround men in the business, says Jenny Davey in the Inside the City column. Wilson has ensured that profits at Booker, Britain's biggest cash and carry chain, have gone from £17m to £57m in the four years since he quit M&S to become chief executive. Net debt has dropped from £361m to £25m and is still falling. Analysts at Shore Capital now believe profits will grow from £45m to £56.3m by 2012. They also fear Wilson may be poached to replace Sir Stuart Rose, executive chairman at M&S.
But he has said he's not moving, 'and given that he owns 8% of Booker, I suspect that will remain true for some time'. The shares have almost doubled since last autumn and now trade at 12 time prospective 2009 earnings - roughly in line with the sector. At this price they look fair vale. Tuck them away as a medium-term bet.
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