Kam-MoneyAM
- 26 Oct 2003 11:21
SHARE TIPS FROM THE SUNDAY NEWSPAPERS
A round-up of share tips from the Sunday paper money and business sections.
Sunday Telegraph Shares in engineering and services group Amec (260p) have slumped over the past two months. The slide follows a warning in August that spending cutbacks by big clients had hit profits, and rival Jarvis's decision to quit rail maintenance. Last week's announcement by Network Rail that it plans to take all rail maintenance in house was a further blow. But the impact on Amec will be small, and the shares remain a buy.
Mail on Sunday Buying shares in firms that have only recently issued profit warnings is a high-risk strategy but in Henlys' (88p) case it may pay off. The bus and coach-maker's two warnings have centred on its Blue Bird arm, bought in 1999, but the business is set to get a strong sales boost soon. Profits should recover next year, and if not there could be takeover interest in the firm. The newspaper concludes the shares are a speculative buy.
Sunday Express Punch Taverns' (332p) shares have doubled from their lowest level, but still represent value. The firm, which floated last May, is expected to close the gap on its rival Enterprise Inns. Meanwhile, news and data group Reuters (234p) is poised for recovery as the financial and media sectors start to pick up. The newspaper also tips Aga Foodservice (235p), claiming its share price has underperformed recently.
Sunday Times The management team of cement group RMC is attempting to engineer a profits recovery by focusing the company on its core business. It has off-loaded waste disposal and DIY arms with this goal. Meanwhile, the UK and US operations are moving towards meeting its earnings targets. Germany is still making a loss, but cement prices there are starting to rise. This makes RMC an attractive investment, with a good dividend yield.
Homer
- 26 Oct 2003 19:22
- 2 of 4
Nice one, but not all the tips are here are they? need for info imo. Needs to be more detailed then we can all look here for a proper round up of all the weekened business tips.
Mega Bucks
- 26 Oct 2003 19:49
- 4 of 4
There are more on the mondays Traders Thread that Croc puts together,at the top of the thread....hope that helps....
Mega...