UK Stocks and Shares and Investment tips
Top
of the Tips: Share Recommendations at 23 11 2007
Ones
to Buy
Norcros
Electric
shower and tile maker Norcros has suffered by its association
with the housing market since its summer flotation. Don't
be put off, however, it has a strong underlying business
and should do well in the longer term. Buy on weakness,
says the Mail on Sunday.
Scottish
& Southern Energy
The
UK's second-largest power generation company has just posted
a 40% increase in profits and announced plans to expand
into the Irish market. It will also be spending more than
£600m on new power generation plant before 2010 -
mostly in an attempt to meet more stringent environmental
targets. The company says its broad base allows it to offer
highly competitive prices - The Telegraph says buy.
VT
Group
VT Group
has its origins in one of the UK's oldest shipbuilders -
Vesper Thorneycroft. Today it has a 45% stake in BAE, too,
and enjoys a very strong presence in the defence market.
VT's pipeline looks pleasingly full, with more to come and
the company is expecting an attractive increase in profits
this year. Buy, says The Independent.
Lavendon
Lifting
equipment (think cherry pickers) rental supplier Lavendon
has just announced its purchase of two similarly-minded
companies in France and Spain. Although a bit of a gamble,
it should pay off for Lavendon and allow it to significantly
increase the scale of its operations. Buy, suggests The
Telegraph.
Bellway
House
builder Bellway isn't the largest in the market but has
a healthy land bank and a strong business at the affordable
end of the new-build market. Its shares are significantly
down from their earlier high and they increasingly look
a likely takeover target - buy, suggests The Times.
Ones
to Avoid
Dimension
Data
Although
the computer services group is likely to continue to enjoy
reasonable growth and improved margins, most of this has
already been priced into the shares and the company have
warned that sales growth may moderate slightly during the
remainder of the year. Time to take profits, suggests The
Times.
Lonmin
The
world's third-largest producer of platinum has just announced
above estimate but reduced profits for the year to date.
Although not disastrous, it has been a poorer year and investors
might be wise to take some profits from Lonmin whilst retaining
a moderate stake. The Independent.
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