Sunday newspaper share tips
We round up the Sunday newspaper share tips, including Afren's exciting outlook and SSE's attractive 5.8% dividend
Financial Mail on Sunday: Midas
Today's Midas column tips Chi-Med, which can benefit from higher Chinese healthcare spending, and shows good promise. It also updated on Diploma, a Midas Extra tip that has doubled since tipped.
›› Read the full Midas column here
Sunday Telegraph
Afren looks exciting
'Afren plans to drill 10 exploration and appraisal wells,' says Questor, 'so the next two quarters will see some important news flow.'
It has a key field Ebok in Nigeria doing well and its Okoro field is also on track. The firm expects to triple revenue this year to above the £1bn benchmark, analysts expect this to be met.
Shares trade on a December 2011 earnings multiple of seven and are up 172% since being first tipped by Questor in July 2009, beating a market up 41%.
'The second-half drilling programme is exciting – but the company's current operations are performing better than expected as well.' Questor says buy.
Scottish & Southern Energy: an income delivering stock
Good numbers arrived from Scottish & Southern Energy (SSE) last week and the UK's second largest electricity producer is a typical defensive ideal for yield.
It aims to deliver above-inflation dividend increases every year and Questor says it is, 'one of just six FTSE 100 companies to have delivered real dividend growth every year since 1999, when the company paid its first dividend.'
Current prospective yield is 5.8%, rising to 6.1% next year. The final payment of 52.6p comes on September 23 and the annual dividend is covered by earnings 1.5 times. New investors can buy before July 27 to qualify. Buy for income.
Sunday Times
Caledonia Investments: a trust with promise
Caledonia Investments was set up to put to work the wealth made by the family that built Clan Line shipping company and has raised its dividend for 44 years in a row.
The trust has been invigorated by the arrival of Will Wyatt as chief executive and will reveal results this week. Over the past decade it has beaten the FTSE All-Share by 127% but recent times have been tougher, over the past five years it has underperformed by 15%.
It shares trade at a 20% discount to net asset value, having stood at a 15% premium in 2006.
A diverse portfolio includes stakes in Close Brothers and AG Barr, the IRN Bru maker. Wyatt wants to take larger stakes in listed firms and sell some smaller unquoted stakes and diversify internationally. Verdict: 'It might be a good time to jump on board'
CWW disappoints
CWW shares are down 23% this year and yield a chunky 9% but its share price fall shows the market does not believe this income can be sustained. The firm has disappointed since its demerger 15 months ago and earnings and cashflow forecasts have been trimmed. CWW will try to stick to its dividend to keep confidence.
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