Kam-MoneyAM
- 30 Nov 2003 10:16
SHARE TIPS FROM THE SUNDAY NEWSPAPERS
A round-up of share tips from the Sunday business sections.
Sunday Times Two fund managers focus on Stanley Leisure (395p) the UK's largest casino operator. Schroders' Andrew Brough would like the stock in his stable but wants the price nearer 360p. Tim Steer of New Star thinks investors might do better from backing a number of betting companies rather than just one. He prefers London Clubs (75p) - once it has settled debt issues. Both could benefit once deregulation increases the number of casinos.
Sunday Telegraph Ahead of a critical week for Europe's largest drug maker, the paper backs GlaxoSmithKline (1311p) as a long-term investment. The group is due to update the City on how new drugs under development have progressed. Reports suggest it has five potential new best-sellers coming up. It also repeats a tip for Icap (1350p), the workld's biggest inter-dealer broker, which has "one of the few credible electronic platforms.
Independent on SundayThe UK's biggest mortgage lender, HBOS (730p), should offer a good trading update on December 16, says Punting in the City.The group, created by the 2001 merger of the Halifax and Bank of Scotland, has thrived thanks to the continued strength of the housing market. But HBOS is also winning new customers for its current accounts and credit cards as consumers shun low interest rates offered by the 'Big Four' banks.
Mail on Sunday Midas says Tullow Oil (82p) is one of a new breed of sector companies that have done well in buying unwanted assets spun off by the majors. The shares have lost ground since their May 2002 peak, but analysts expect an encouraging update shortly on drilling progress in the North Sea. Former engineer Babcock International (129p), now providing services to the defence industry, has performed better but is "still good value".