Date: Sunday 13 Jun 2010
Hogg Robinson specialises in corporate travel, helping firms organise employees' business trips as smoothly as possible. Its shares have not had a good recession.Trading at more than 60p in September 2008, they plunged to 5p in January 2009 and have been hovering near today's 30p for most of this year. At this price, they are cheap. Hogg has worked hard to streamline its business. It offers a range of attractive services to companies and profits should improve considerably once the economy picks up. Buy says the Mail on Sunday.
The MoS looks at a new bond - a £50m issue from Lloyds Banking Group. The bonds offer annual interest of 5.375%, paid half-yearly. The interest rate is relatively generous, bonds are safer than shares and there is the chance to buy at the outset. If the price rises, investors will make a capital gain, if the price is static or falls, they can hold until 2015. Buy says the Mail.
Car dealer Lookers' last update, issued in mid-March, was better than market expectations and resulted in a number of broker upgrades.The sahres trade on a December 2010 earnings multiple of 8.6, falling to 7.8 in 2011.Despite the challenging market backdrop, the shares are too lowly rated. Buy for recovery says the Telegraph.Royal Dutch Shell has been affected by the environmental and political disaster in the Gulf of Mexico combined with concerns about European sovereign debt and the potential for a double-dip recession. It means that the yield on the 'B' shares is now a very impressive 6.7%. Buy for the yield says the Telegraph.
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