Friday tips round-up: Unilever, Schroders, RSA
The long-term case for Unilever is that it has the highest emerging market exposure of its peers — about 50% of sales — and so will benefit as deodorant, detergent and salad dressings become staples for more of the world’s population. Yesterday’s numbers show recovery from years of underperformance has farther to run. At Ł16.29, or 13 times 2010 earnings, buy says the Times.Is Unilever now a growth stock? Yesterday's figures certainly suggest it is after the company posted 2pc volume growth in the second quarter - reversing several quarters of falling sales. Taking a long-term view, the stance remains buy adds the Telegraph.
Although Gem Diamonds is likely to be loss-making in 2009 and the outlook for the rest of the year is far from certain, it appears that the market really has now bottomed out. Most of its Ellendale mine is on care and maintenance, but the real reason to own the shares is Letseng. The shares are now just 13pc below their initial recommendation price and improving prospects means the shares are now a buy, up from hold says the Telegraph.
Schroders, the investment management group, was founded in 1804 and in that time has had its fair share of ups and downs.The message coming from current chief executive Michael Dobson is that the dark days of February and March are behind the group, and as long as market conditions keep gradually improving, Schroders is in for a fine time. Caution is still needed, but the Independent would now be a backer of Schroders stock. Buy.
There are there are reasons to be cheerful over insurer RSA. The group is well spread with operations in a number of lucrative emerging markets, which is helping to offset the miserable performance of the UK non-life insurance market. Moreover, yesterday's half-year results, which showed operating profits falling to Ł392m from Ł440m last year, were actually better than most industry experts had expected. Buy says the Independent.
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Today's Headlines
Cobham (COB) | Price: 187.10p | Change: 4.99%
Investment Column:Cobham
The Independent | 07-Aug-2009
Tempus:Cobham
Times | 07-Aug-2009
Gem Diamonds (GEMD) | Price: 253.00p | Change: 8.63%
Questor:Gem Diamonds
Telegraph | 07-Aug-2009
RSA Insurance Group (RSA) | Price: 126.80p | Change: -2.46%
Investment Column:RSA Insurance Group
The Independent | 07-Aug-2009
Schroders (SDR) | Price: 1,006.00p | Change: 3.48%
Investment Column: Schroders
The Independent | 07-Aug-2009
Unilever (ULVR) | Price: 1,628.00p | Change: 5.44%
Questor:Unilever
Telegraph | 07-Aug-2009
Times | 07-Aug-2009
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