Kam-MoneyAM
- 07 Dec 2003 13:12
SHARE TIPS FROM THE SUNDAY NEWSPAPERS
Lookers' share price has more than doubled in the past three years to 272?p now, says The Sunday Telegraph. With the auto industry predicting record sales this year, the paper urges investors to buy into the car dealer. Its other buy tip is photo-booth group Photo-Me International (118p). The paper says a recent tour of US fund managers went well. "Though the shares have recovered strongly in the past year, there should be further to go."
The Independent on Sunday likes the look of supermarket giant Tesco, "the market leader which goes from strength to strength" (246p). The paper believes Tesco's momentum will continue with annual sales likely to rise by more than 6% over the next few years. Analysts are forecasting 16% profit growth in the year to the end of February and 10% for the following 12 months.
Financial Mail on Sunday concentrates on one company - eunday xecutive recruitment group Whitehead Mann (319p). "Fund manager Ashton Bradbury is known to pick stocks based on overall economic trends, so his secret stake-building in Whitehead Mann looks intriguing," the paper says. The firm's pre-tax profits are tipped to be up 31% next year to hit ?9.08bn. Last month, the group revealed a 79% rise in half-year pre-tax profits.
Adventurous investors might like to consider serviced office provider Regus (47?p), says The Business. Regus should be an early beneficiary of an economic upturn as firms take on extra space. It is also a candidate for promotion to the 250 index. Publisher Reed Elsevier's shares at 463?p "are a bargain price for a quality business" which is heading for annual earnings growth of at least 9% over the next two years, it adds.