Sunday tips round-up: BG, Accsys, Gulfsands
Shareholders have done well out of oil and gas group BG and some who bought shares back in the 1980s or even in 2006 may be tempted to take profits.There is no harm in selling some stock - maybe even 30%- but hold on to the rest. This company is solid, reliable and should continue to deliver for many years says the mail on Sunday.
Accsys Technologies has pioneered a process that can give softwood and even MDF (medium-density fibreboard) the properties of hardwood. Shares are currently 62.3c 9euro), but some brokers believe they should be worth double that figure. The stock is not for the cautious, but for adventurous investors these shares could prove richly rewarding says the Mail on Sunday.
Insurer Novae has been cleaned up and got ready to take advantage of the increasing premiums the market is now seeing. At 299p, the shares are trading well below the net asset value of 389p and yield just 5%. Fund manager Andy Brough will be looking to add to his holding at this level, he writes in the Mail on Sunday.
There was more positive new this week from oil producer and explorer Gulfsands Petroleum. The company said that it had successfully completed the expansion of its early production facility at Khurbet East in Syria. It now has a capacity of 18,000 barrels per day. The shares are trading on a December 2009 earnings multiple of 9.2 times, falling to 6.7 in 2010. This is a growth share, so it does not pay a dividend, making it unsuitable for those investors pursuing an income strategy. Buy says the Sunday Telegraph.
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