SUNDAY PAPERS - Share Tips

Sunday Telegraph

CareTech is a business that provides care for people with severe physical disabilities, challenging behaviours, mental health problems and autistic spectrum disorder.

The stock is almost down 60 per cent this year. The shares have been hit by worries about local authorities asking for cuts to learning disabilities fee rates.

Fears that CareTech might be hit by the fallout from the demise of Southern Cross, a care home company for the elderly, have also weighed on the stock.

Yet in June CareTech unveiled decent first-half figures in a tough operating environment, increasing profits before tax by 3 per cent to 6.7million on revenues that jumped 26 per cent to 52.2million.

City traders believe investors may be backing a management buyout and the company, currently at 128.38p, may be taken private for 180p a share. Buy.


Mail On Sunday

Kier is predominantly a construction group, but it is also significantly involved in support services to business and the public sector.

As many of analysts have noted, public bodies may turn increasingly to outside providers of services as a way to cut their costs.

The company, run by chief executive Paul Sheffield, ended 2010 with 144million in the bank. There is potential for this sum to rise as it releases cash held in land.

A large cash pile will enable Kier to expand, particularly in the lucrative support services field.

The core of the group is construction, which accounts for two-thirds of turnover and about 60 per cent of its operating profits.

As a result of long-term contracts, its target turnover from construction for 2011 has been secured, along with 65% of construction revenues for 2012.

The group has clinched major contracts for construction in the health service and for Crossrail. On top of these projects, Kier is a significant player in building power stations and has almost completed a gas-fired one for utility firm EDF at West Burton, Nottinghamshire.

Results for the year to June will be published in mid-September. Forecasts are for turnover of just over 2.1billion with pre-tax profits of 63million, up about 11 per cebt and earnings per share of about 120p.

Kier is currently priced at 1329p. It is exposed to the risks facing the property market and to the contraction in the public sector spending. However, its large infrastructure construction business stands to benefit from major Government projects under way.

At the same time, the group has the cash to expand in the potentially strong growth area of support services. Buy.

Good morning traders!

In the US Friday, the Dow fell 97 points at 12,143, the Nasdaq lost 10 points at 2,756
and the S&P500 shed 8 points at 1,292. News of a deal to raise the debt limit and cut the
deficit have given US stock futures a boost in trade this morning.

In Asia today, the Nikkei was recently up 178 points at 10,011, while the Hang Seng
ended the morning ahead 339 points at 22,779.

WTI crude oil traded at $97.06 a barrel and gold settled at $1,615 an ounce.

Happy Monday!

G.

Opening Market Overview

"It is necessary to make some changes to the production of the Monday Traders Thread that is created over the weekend.

Initially it will revert to the form of the regular daily thread, omitting the Calendar, Sunday News and Supermums Week Chart View."

Not too impressed with the Master RSI 'News' efforts, which appear to be instead of the more usual type of posting.

Not a note of explanation as to why.
Is he taking over from you Greystone?
Are you retiring from this task?
If so, is this task done merely for some subscription benefits or is it a remuneration thingy?

exec,

The simple matter of the fact is that it has been cut down due to Alan (Greystone) wanting to enjoy a full weekend instead of compiling the thread on a sunday. He will be concentrating more on his journalistic duties in putting the home page together.

Master RSI has posted off his own bat - just like all subsequent posts on this thread and is not a replacement for Greystone

Ian

That is right " Ian " The Sunday Papers was from my " UPS " thread,
and just like "Alan" I need a rest after 11 years of 6 days a week
and 8 to 10 hours a day posting there,
but not sure yet, when that will be.

And a difference from " Greystone " I do it for free to my followers

From the "UPS" thread earlier .............

Master RSI - 1 Aug'11 - 09:23 - 24 of 27 edit
FDI 26.875p ( 26.75 / 27p )

Buyers today after a large drop. Placing last week @ 27.75p above today's price, small spread and positive Level 2 of 2 v 1. Recent tender sales have been at much higher prices than lately. Share price below lower Bollinger Band (buy time)

   

Thanks, Ian.

I've read your note of explanation so you can take it down now. :-)

Midday Market Overview

         AFTERNOON FUN

re - UP and DOWN

A CRAZY market or is CRAZY Americans

End-of-day Market Overview