UK Stocks and Share tips
Top
of the Tips: Share Recommendations 19/1/2007
Buy
William
Hill
William
Hill's recent announcement of expansion plans into Spain
and Central America with its Spanish partner Codere suggest
that there is strong long-term potential for the bookmaker's
shares.
A local
partner should ensure that William Hill's entrance to the
Spanish market avoids any obvious problems, and a proposed
law to allow sports betting in Spain offers strong opportunities
for a company with so much experience in the area.
One
to buy for the long term, says The Independent.
Tanfield
Although
not a household name, Tanfield forms part of a growing industry
– that of producing zero-emission electric vehicles.
In Tanfield's case, they produce milk floats for Dairy Crest
and electric 7.5 tonne trucks for TNT – both designed
for short-haul urban deliveries.
Apart
from milk floats, the market for such urban delivery vehicles
is still in its infancy, but high oil prices, congestion
charges (electric vehicles are exempt) and low depreciation
suggests that there is a lot of growth to come for this
sector.
Tanfield's
shares currently sit at a discount to the engineering sector,
at a modest 12.1 times 2007's forecast earnings, and they
recently confirmed that the company is on track to meet
profit forecasts for the year.
Buy,
says The Times.
Sell
Wolseley
The
breadth of Wolseley's building materials business has so
far protected them from a weakening market, but the combination
of a weak dollar and the slowdown of the US residential
property market is now beginning to be felt by the company.
Although
Wolseley doesn't look too expensive at 13 x forecast earnings,
it might be a good time to take profits.
Sell,
says The Telegraph.
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