UK Stocks and Shares and Investment tips
Top
of the Tips: Share Recommendations at 14 9 2007
Ones
To Buy
Galliford
Try
When
this house building and construction company was struggling
a few years ago, it decided to acquire several well-known
construction and house building companies. The wisdom of
this strategy and of Galliford's affordable home positioning
mean that it looks good value at 11 times current-year earnings.
Buy, says The Times.
Eaga
Probably
not a company you've heard of, Eaga specialise in helping
people living in 'fuel poverty' reduce their domestic fuel
bills. Working mostly on government, local authority and
utility board contracts, they manage the entire process
- from identifying people in need of their help through
to implementing and maintaining the recommended changes.
Eaga floated in June but has 17 years of growth behind it
- buy, says The Independent.
Interserve
It's
been more than a year since support services specialist
Interserve revealed some accounting irregularities in their
industrial services division. Since then they have undisputedly
tightened up their accounting and are trading ahead of forecasts,
with headline profits up 38%. Despite this they are still
at a discount to the general sector - buy, says The Times.
Carillion
The
construction group has just announced profits up by 28%
in the first-half of 2007 and a 12% increase in revenues
to £1.93bn. The thin margins are par for the course
in the construction sector and Carillion appears to be growing
strongly, with a range of new contracts. Analysts think
there is more to come - buy, says The Telegraph.
Highway
Insurance
This
motor insurer has a reputation for adventurous investing
in search of higher returns, so there was some concern that
the company may have been burnt by the recent US sub-prime
debacle. Far from it - it turns out that Highway shorted
various sub-prime assets in time to profit from their falling
values. A prospective full-year dividend yield of 7.7% adds
to the appeal - buy, says The Times.
Ones
to Avoid
Umbro
Almost
all of Umbro's output is made up of replica football kits
- meaning that it depends in particular on regular surges
of demand for England strips. With no major tournament this
year, its sales plunged 55% in the first half of 2007. Umbro
CEO Steve Makin will be hoping that the injury-plagued England
squad do manage to qualify for the European Championship
- or things could look bleak. In any case, at 11.6 times
2008 earnings, Umbro looks too dear. Avoid, says The Times.
Sports
Direct
This
sports retailer has less excuse than Umbro for reporting
poor results - but they have just released another earnings
alert. With shares having sunk steadily since their March
flotation and a forward multiple of less than 10, you should
sell Sports Direct if you have not already. From The Independent.
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