Thu, 29th Jan 2009 12:09 STOCKS NEWS Reuters Results diary
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11:54GMT 29Jan2009-Netcall up after trading update
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Shares in Netcall jump 12 percent as the company, which designs and
markets call-back and queue management software, says H1 operating profit before
interest, share-based charges and tax approximately doubles to 400,000 pounds.
'We leave our estimates unchanged following the trading update, but adjust
our target price upwards from 12 pence to 14.5 pence, which gives a
cash-adjusted P/E ratio of 9.8 times for FY09,' says WH Ireland in a note,
reiterating its 'buy' rating.
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11:35GMT 29Jan2009-Lanxess rises on Commerzbank upgrade
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Shares in German chemicals group Lanxess rise 1.3 percent, one of
the biggest gainers on Frankfurt's midcap index, after Commerzbank
hikes its rating to 'buy' from 'hold'.
'Given Lanxess' low valuation, attractive dividend yield and good strategic
position in several end markets, we believe it is in a good position to benefit
from a cyclical recovery,' Commerzbank analysts write in a note, keeping their
target price unchaged at 15 euros.
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