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Tuesday tips round-up: Cairn, Greggs, Whitbread
Thu, 09 Feb, 2012
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Tuesday tips round-up: Cairn, Greggs, Whitbread
Tue, 17 Aug 2010, 06:01:00
Investors lucky enough to have been in <b>Cairn Energy</b> for a while should consider taking some profits. By all means stay in, as a gamble on Sir Bill and his team's admittedly strong past record. But a second Rajasthan would be like winning the lottery twice, reckons the Times. <b>Greggs</b> shares have been drifting lower for some time, but Questor continues to believe that the company offers a tasty opportunity over the medium term. The shares are trading on a December 2010 earnings multiple of 12.4 times, falling to 11.3 next year. The shares were tipped on August 12 last year at 400p and they are now 10pc ahead compared with a market up 12pc. Buy, reckons the Independent. Andy Harrison joins <b>Whitbread</b> as chief executive designate on September 1. All the businesses are in strong recovery mode, the most recent trading update showing first-quarter sales growth of 7.6 per cent. The question mark is over his recent track record at easyJet. The airline's loss of strategic focus and its appalling record on flight punctuality during his final months at the helm has called into question both his strategic and operational focus. Investors at Whitbread will be hoping his previous strong record is more representative of his abilities. Hold, says the Times. A recent trading update from energy services group <b>Hunting</b> indicated a positive start to the financial year, though more will be known at the interims on August 26. For now, Hunting shares sell on a reasonable multiple of about 12 times' this year's earnings, stripping out the effect of the cash pile. A comfortable hold for the upturn, thinks the Times. In the oil exploration industry, dry wells are all par for the course. As <b>Gulfsands Petroleum</b> said in its statement on Monday, the fact that the first well drilled at Lambouka-1 in Tunisia was dry was "disappointing" - but it is not the end of the world. The shares were recommended on April 10 last year at 182¾p and they are now 61pc ahead compared with a market up 32pc. They are trading on a December 2010 earnings multiple of 8.4 times, falling to just 6.7 in 2011. The shares remain a buy, says the Independent. Please note: Digital Look provides a round-up of news, tips and information that is impacting share prices and the market. Digital Look cannot take any responsibility for information provided by third parties. This is for your general information only as not intended to be relied upon by users in making an investment decision or any other decision. Please obtain a copy of the relevant publication and carry out your own research before considering acting on any of this information.
Related Newspaper Articles:
Questor:Gulfsands Petroleum
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Telegraph
Questor :Greggs
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Telegraph
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