Kam-MoneyAM
- 21 Dec 2003 20:17
SHARE TIPS FROM THE SUNDAY NEWSPAPERS
A round-up of share tips from the Sunday business sections.
Sunday Telegraph An estimated 5.5m Britons will receive a new mobile phone for Christmas, and retailer Carphone Warehouse (143p) has seen good demand. There are concerns that a shortage of handsets could hamper sales, but City experts believe the chain will not suffer too severely. Carphone Warehouse is also well-placed to benefit from people upgrading their existing handsets for new services like picture messaging, adds the newspaper.
Mail on Sunday A review of the paper's share tips for 2003 sees broker ICAP (1535p) come out on top with a 54% rise over the year. The company managed to win market share and strengthen its position in the fast-growing electronic broking sector. The MoS said it would hold ICAP's stock in 2004. And it would also hang onto its shares in animal feed to garden centre group NWF (438p), which has seen its price rise 35p this year.
Sunday Express Engineer Atkins (468p) has had a tough couple of years, but now looks set for growth. The firm, which is active across many sectors rail, roads, telecoms, water nuclear, aviation, power, education, health and defence reported results ahead of expectations this year. The City forecasts pre-tax profits will hit 20m-21m next year, buoyed by demand for road building services and big private finance initiative deals.
The Observer Consumer products group Unilever (506p) has been punished severely for twice warning that it will fail to meet sales targets. But it is well placed to exploit the shift in the balance of economic power from west to east. It has 34 global brands in food and household goods and is tapping into Asia and South America. Already some 35% of Unilever's 10.2bn turnover comes from emerging markets, and the share price is undervalued.
The Business Radio group SMG (111p) has indicated to the City that it wants to make a decision on its 29% stake in local rival Scottish Radio Holdings during 2004. Bid expectations are running high, reflected by high valuations attached to radio shares. Any bid for SRH shares will have to be pitched at about 1000p, compared with its share price of 839p. The move would reduce SMG's debts just as advertising looks set for recovery.