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Wednesday tips round-up: Oxford Instruments, UK Coal, ENRC

Wed, 15th Jun 2011 06:31

Analysts have been known to complain mildly about the slow progress of Oxford Instruments in finding promised acquisitions. The maker of high-tech analytical devices announced two yesterday, and the slow pace seems understandable. Such acquisitions are tricky, being more about providing a sympathetic working environment than hard cash, but chief executive Jonathan Flint says they are available. The shares are on a high 17 times' this year's earnings, but that does not seem unreasonable. Certainly, buy on any weakness, says the Times.UK Coal is best seen as a coalminer, supplying about% of the country's output, or enough to provide 7% of its electricity needs, with a huge legacy property portfolio and equally huge debt attached. Only last week the company signed a deal with Taylor Wimpey that could lead to between 3,000 and 4,000 new homes being built on restored colliery land. These are still early days, and profits are several years away, says the Times.Miner ENRC's annual general meeting saw no fewer than four non-executive directors leave the board. Add in the fact that this month will see the expiry of the US quantitative easing programme, and we could be in for a period of underperformance as traders reassess the commodity outlook. If the market ends up taking a negative view of metals and minerals, that is likely to hit the mining sector as whole. But recent issues at ENRC could, we fear, make matters worse for this particular stock. Sell, says the Independent.Arden is becoming the first port of call for Indian businesses looking to raise cash in London that aren't quite big enough for bulge-bracket firms. Arden earlier this year came up with a trading update which had analysts scurrying to up forecasts. It should be borne in mind, that as recently as last year they did the opposite after a profits warning. So earnings, and the shares, will be volatile. What's more, a valuation of 23 times forecast looks fancy enough. A speculative buy, according to the Independent.Hampers now account for less than 5% of Park Group's sales. Instead, the company is concentrating more on pre-paid vouchers that can be redeemed at a range of retailers. The company is stuffed full of cash and can afford to jack up the dividend by 29% to 1.7p, with a final payment of 1.2p. The dividend looks set to rise further and the shares yield a prospective 3.8%.Worth tucking away if you can find them, says the Times.With the performance of the UK commercial property sector linked closely to the performance of the underlying economy, it is no surprise the uncertain outlook is dividing investors' opinions. Is this, however, reflected in the "rating" of the F&C Commercial Property Trust (FCPT) and UK Commercial Property Trust (UKCM) where the share prices are trading at a 12% premium to the underlying net asset value? Does the prospect of a generous dividend yield and a combination of lacklustre net asset value and dividend growth merit paying such a hefty premium? The Scotsman would argue that it does not.Please note: Digital Look provides a round-up of news, tips and information that is impacting share prices and the market. Digital Look cannot take any responsibility for information provided by third parties. This is for your general information only as not intended to be relied upon by users in making an investment decision or any other decision. Please obtain a copy of the relevant publication and carry out your own research before considering acting on any of this information.---RG
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6 Oct 2010 15:52

Arden boss departs

Jeremy Grime has left broker Arden Partners less than one month after he gained regulatory approval to take up the position of chief executive after a rumoured disagreement with the board over a potential acquisition. Grime was appointed chief executive designate on 22 June. Grime joined AIM-quot

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10 Sep 2010 07:53

Arden warns of results miss

Arden Partners has slumped again Friday after the stockbroker warned it is "unlikely" to meet market expectations for the year ended 31 October. The equities business has been "challenging" since the firm's trading statement at the end of June and the corporate finance pipeline remains satisfactory

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22 Jun 2010 16:00

UK SMALLCAP ROUNDUP: UK Govt To Launch GBP37.5M Growth Fund

Dow Jones smallcap news is now on Twitter, allowing you to catch up on the news away from your desk. Go to http://twitter.com/DJ_UK_Smallcaps THE U.K. government announced Tuesday in its emergency budget it will launch an Enterprise Capital Fund to support fast-growing small businesses. The

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22 Jun 2010 12:30

UK SMALLCAP ROUNDUP: Easydate Fancies GBP10M IPO Raising

Dow Jones smallcap news is now on Twitter, allowing you to catch up on the news away from your desk. Go to http://twitter.com/DJ_UK_Smallcaps EASYDATE PLC, an Edinburgh-based internet-dating company, Tuesday said it plans to raise GBP10 million when it lists on London's Alternative Investment M

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22 Jun 2010 11:44

UPDATE: Arden Partners Eyes Indian Promise As CEO Steps Down

(Adds executive comments, analyst comments and share price.) By Rachael Gormley Of DOW JONES NEWSWIRES LONDON (Dow Jones)--Stockbrokers Arden Partners PLC (ARDN.LN) Tuesday increased its focus on the burgeoning Indian market, as Chief Executive Officer Jonathan Keeling announced plans to b

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22 Jun 2010 09:30

UK SMALLCAP ROUNDUP: Halma Returns To Acquisition Trail

Dow Jones smallcap news is now on Twitter, allowing you to catch up on the news away from your desk. Go to http://twitter.com/DJ_UK_Smallcaps HALMA PLC (HLMA.LN) Tuesday said it is back on the acquisition trail after sales growth in Asia and savings from layoffs drove a 12% rise in fiscal-year

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22 Jun 2010 07:22

Arden Partners 1H "Encouraging", Revenue Up 41%

LONDON (Dow Jones)--Stockbrokers Arden Partners PLC (ARDN.LN) Tuesday reported an "encouraging" first half, with revenue increasing 41% and the pretax loss narrowing slightly, and said it was well placed for growth and profitability from both the U.K. and Indian markets. For the six months ended

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25 Mar 2010 17:36

Small Caps round-up: Digital Barriers, Northbridge Industrial, Nanoco..........

AIM shell company Digital Barriers has made its first acquisition since joining AIM three weeks ago. The shell will pay up to £2.5m for Security Applications Ltd, which supplies thermal imaging equipment for perimeter surveillance. This is the first step in Digital Barriers' strategy to provide pr

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