Old UK Stocks and Share tips
Top of the Tips:
Share Recommendations at 3rd November 2006
The following is a summary of share tips that we have
complied. Please note that we have no commercial interest
in any of these shares. The list is picked at random from
leading UK publications. Always take professional advice
before investing your hard earned cash.
This weeks compilation is as follows:
Buy
BG Group
The exploration group, formerly part of British Gas, looks
to have one of the strongest positions in its sector, and
unlike some is not struggling with limited reserves. Analysts
believe that the Group's reserves are large enough to support
production for the next 38 years, and with the management
team's record of delivering steady growth, BG Group looks
a good long-term investment. Buy, say The Telegraph and
The Independent.
Cairn Energy
Investing in oil and gas exploration companies is always
a little risky, but Cairn Energy seems to have everything
going for them at the moment. They recently announced plans
to float their Rajasthan oil and gas fields in India, potentially
raising $1.8bn for the company. Buy, say The Times.
Sell
Smith & Nephew
Smith & Nephew are currently trying to buy NASDAQ-listed
Biomet, and should benefit if the sale comes off. But this
is by no means certain, and S&N are far from the largest
company in their sector. Suggestions that S&N might
be planning to launch a rights issue to help fund the sale
have depressed share prices this week. Sell, says The Telegraph.
My Travel
Currently trading at nine times future earnings, My Travel
is certainly trading at a discount to most of its sector,
and could potentially be a takeover target. But its prospects
are not looking very positive – a forecast loss of
£10m - £15m on its UK operations and a trading
environment that is still jittery about terrorism do not
inspire confidence. Sell, says The Times.
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