Date: Tuesday 01 Dec 2009
Annual results from Thomas Cook beat consensus expectations and also included an upbeat outlook for the coming year. With a price to earnings ratio of just 10.7 times, a considerable discount to rival TUI Travel, Thomas Cook is still a buy says the Independent.
Power station Drax supplies about 7% of the UK's power needs. Itsshare
Fund manager Aberdeen is in good shape, especially after buying Credit Suisse's asset management arm earlier in the year, but there is a concern that a genuine market recovery could be some way off. It is not clear that markets have finished tying themselves in knots, however, and so hang fire for now. Hold says the Independent.
Aberdeen now boasts an extensive distribution network and is well placed to capture the rising sums of cash flowing into emerging markets equities, particularly Asia. At 140p, or less than 14 times current-year earnings, they have farther to go. Hold on adds the Times.
Shares in Lamprell fell nearly 12% last week, partly on concerns over the oil services group’s exposure to Dubai. Until its pipeline starts to produce firm orders, the discount of Lamprell’s shares to their sector — eight times forecasts earnings, against its peers’s 11 times when adjusted for cash — is unlikely to close. At 177½p, pass says the Times.
Resilient trading has taken pressure of marketing services groupCreston’s £35m of net borrowings, meaning that it should be able to repay its £20m of loan notes next year without recourse to a rights issue. It also plans to resume dividend payments. At 85p, or five times forecast earnings, hold says the Times.
First Property, the property investment company which has 80% of its money tied up in Poland, has recovered its confidence and is in the process of raising two new funds. The stock can be found in the bargain basement at the stock exchange. Buy says the Independent.
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Today's Headlines
Aberdeen Asset Management (ADN) | Price: 141.00p | Change: 0.72% | P/E: 21.5 | Div Yield: 4.3% Profile Prices News Charts FinancialsBroker Views Investment Column:Aberdeen Asset Management Tempus:Aberdeen Asset Management Creston (CRE) | Price: 85.00p | Change: 4.29% | P/E: 4.5 | Div Yield: 0.9% Profile Prices News Charts Financials Broker Views Tempus:Creston Drax Group (DRX) | Price: 410.20p | Change: -2.38% | P/E: 4.2 | Div Yield: 10.6% Profile Prices News Charts Financials Broker Views Questor:Drax First Property Group (FPO) | Price: 16.00p | Change: 4.69% | P/E: 6.0 | Div Yield: 6.0% Profile Prices News Charts Financials Broker Views Investment Column:First Property HSBC Infrastructure Company Ltd. (HICL) | Price: 112.00p | Change: -0.44% | P/E: 30.6 | Div Yield: 5.7% Profile Prices News Charts FinancialsBroker Views Questor :HSBC Infrastructure Thomas Cook Group (TCG) | Price: 212.00p | Change: -1.94% | P/E: 8.0 | Div Yield: 5.1% Profile Prices News Charts Financials Broker Views Investment Column: Thomas Cook |
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