Friday tips round-up: Daily Mail, DSG, Jarvis
Daily Mail group’s sharp rise in the pension deficit is a concern, while Ł1 billion of borrowing acts as a brake on earnings-boosting acquisitions.But with the value of DMGT’s non-consumer businesses clearly showing through, and the remainder geared to cyclical recovery, the shares, at 424˝p, or ten times earnings, are worth holding says the Times.
Shares in DSGi, the pan-European electricals group that owns Currys and PC World, which trade on 2010 price to earnings ratio of around 40, are not cheap. Overall, the outlook now looks rosier, but there are safer retailers to hitch a ride on for the time being. Hold says the Independent.
For the rail contractor Jarvis, Network Rail's delays in dolling out new work have caused problems. The group reported an adjusted first-half loss of Ł3.6m yesterday, after a profit of Ł4.4m in the same period in 2008, blaming falling volumes in workload. The stock is pretty cheap, but with no dividend, we see little reason why investors should be patient. For the time being there are hotter stocks than Jarvis, which is one to avoid says the Independent.
The greeting card retailer Clinton Cards has had a good year on the stock market. Investors who had the foresight to buy at the end of 2008, when the shares were at 5.5p, are sitting on returns of more than 800 %. Considering the competition posed by the internet, the shares may come under pressure. Hold says the Independent.
Today's Headlines
Clinton Cards (CC.) | Price: 46.00p | Change: -1.60%
Investment Column:Clinton Cards
The Independent | 27-Nov-2009
Tempus:Clinton Cards
Times | 27-Nov-2009
DSG International (DSGI) | Price: 37.00p | Change: 1.18%
Investment Column:DSG International
The Independent | 27-Nov-2009
Daily Mail and General Trust (DMGT) | Price: 425.40p | Change: -2.99%
Tempus:Daily Mail and General Trust
Times | 27-Nov-2009
Dana Petroleum (DNX) | Price: 1,209.00p | Change: -3.13%
Questor:Dana Petroleum
Telegraph | 27-Nov-2009
Pennon Group (PNN) | Price: 492.10p | Change: 1.07%
Questor:Pennon
Telegraph | 27-Nov-2009
United Utilities Group (UU.) | Price: 486.60p | Change: 0.35%
Telegraph | 27-Nov-2009
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