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Wednesday tips round-up: WS Atkins and Centamin Egypt
Tue, 22 May, 2012
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Wednesday tips round-up: WS Atkins and Centamin Egypt
Wed, 11 Jan 2012, 07:25:00
Engineering consultancy
WS Atkins
is flush from winning a £70m contract to help Qatar develop its transport and infrastructure, The Times's Tempus column notes. A lot of hope is being pinned on the shoulders of Atkins's new German Chief Executive, Uwe Krueger, says Tempus, and with some reason; the firm has also recently won a £65m contract to assist with the Doha sewage system. If Kreuger fails, however, then there is always the chance of a takeover and WS Atkins only trades at 8 times earnings with a yield of more than 4%. Tempus says buy. The Telegraph's Questor column looks at the gold miner
Centamin Egypt
. Its only asset is the Sukari mine in the remote west of Egypt. Yesterday it announced fourth quarter production numbers 10% up on 2010 and 16% ahead of the third quarter. The downside is politicial risk as Egypt's revolution plays out. This has made it difficult for Centamin to get explosives but because of its location operations have been otherwise largely unaffected. With the stock 45% below its pre-Arab spring high, and a lot of positive comment from analysts, Questor says hold until political risks abate but then adds the very brave could go all out, and 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.
Related Newspaper Articles:
Questor:Lamprell
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Telegraph
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