The Independent on Sunday says building group Mowlem remains a solid buy and is, at is looking cheap at 205.25p. Mowlem released impressive full-year results last week, with a 2.5bn order book and an above-expectations 37% profits rise to 45.2m.

There are concerns about whether the group can repeat the impressive rise in profits, helped by selling investments in two Government projects.

But Mowlem stands a good chance of getting in on the act with rebuilding contracts in Iraq, with the US tipped to name winners of the second round of contracts at the end of March or early next month. The signs so far look good, the paper says.

Beginning of a bull run here? Any opinions?