UK Stocks and Shares and Investment tips
Top
of the Tips: Share Recommendations 2/3/2007
Buy
BAE
Systems
BAE
Systems is in very good form at present, and is also notably
cash rich following the disposal of their share in Airbus.
Growth opportunities in their US and Saudi Arabian markets
look promising, and despite recent rises in their share
price, BAE shares are still trading below the defence sector
average of 15.9 time earnings, making them a competitive
buy.
Buy,
says The Telegraph.
Sell
Scottish
& Newcastle
S&N
is a quality company but is presently feeling the squeeze
from rising raw material costs and pressure on margins.
An anticipated reduction in profits of £10m as a result
of the impending smoking ban in England and Wales will not
help matters either.
Although
they have just announced a package of cost-cutting measures
aimed at saving £50m over the next three years, S&N
do look a little overvalued at 15 time forward earnings.
Sell,
says The Telegraph.
Manganese
Bronze
Britain's
last remaining car manufacturer, the maker of the London
cab, is in rude health these days. A manufacturing agreement
to make cars for the Chinese market has helped boost volumes,
and in the UK their latest TX4 taxi has been well received.
As a
result, their share price has risen by a stellar 160 per
cent in the last six months – so now must be a good
time to take profits.
Sell,
says The Independent.
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