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Wednesday tips round-up: Chemring and Nautical Petroleum
Tue, 22 May, 2012
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Wednesday tips round-up: Chemring and Nautical Petroleum
Wed, 25 Jan 2012, 07:31:00
The Times's Tempus column goes to war for the defence equipment manufacturer
Chemring
. It was battered yesterday, falling 12.6% after suggesting the coming year could be quite tough. Tempus argues the market may have overreacted as Chemring is looking outside NATO for customers. The firm is also boosting dividend, with a forward yield at around 4.6%, and trades at just seven times earnings. With a takeover not impossible Tempus says Chemring is a speculative buy. Tempus also gives the thumbs up to oil firm
Nautical Petroleum
which has sold 25% of it stake in the Kraken field in the North Sea to EnQuest. Both firms look to have a good chance of making big bucks on the potential find of 160 million barrels. Nautical is therefore a buy. BS 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.
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Telegraph
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