Monitise, the mobile banking company, has seen its shares rocket this morning after issuing positive guidance on revenues for the six months to the end of December.
[14 Dec '11]UK stocks finished higher on Tuesday, but off their best levels off the day, as investors attempt to digest the potentially extremely serious implications of the 'soap-opera' that Euroland has become of late.
[8 Nov '11]A round-up of the biggest director buys today so far.
[8 Nov '11]A round-up of the biggest director buys today so far.
[1 Nov '11]Homeserve: Citi retains sell, cuts target to 400p from 430p.
[31 Oct '11]"The recent market rout has hit shares in good companies hard," says the Questor team at the Sunday Telegraph today, and in their judgement engineering group IMI is one such company. In the six months to June the manufacturer of industrial air- conditioning units, engineering for hydraulic systems and products for beverage and food dispensing reported a 12% rise in revenues. Also, the dividend to be paid on the next 14th of October will be 22% higher than last time around, at 11p. Furthermore, and according to J.P.Morgan, the group showed resilience in the last recession, with operating margins down by just 90 basis points despite a 16% fall in revenues. The average price of 15 analysts monitored by Bloomberg is £11.02 and its shares are trading at 11.1 times earnings with a prospective yield of 3.4%. For all of the above reasons Questor now says Buy.
[4 Sep '11]Restaurant Group operates the Frankie & Benny's, Chiquito and Garfunkel's brands. It showed good form in the half year to early July, growing adjusted pre-tax profits by 7.7 per cent to £24.6m. The group also grew its sales on outlets open at least a year by 3%, adding it had continued this momentum since the period end, despite the riots in August and downbeat consumer spending. On a forward earnings multiple of just over 11, we think the Restaurant Group is worth a nibble. Buy, says the Independent.
[2 Sep '11]AIM-listed mobile payments firm Monitise saw shares dip lower on Thursday despite hailing a "breakthrough year" in which revenues more than doubled from £6m to £14m.
[1 Sep '11]