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Sunday share tips: Provident Financial, Jimmy Choo

Sun, 09th Oct 2016 16:22

(ShareCast News) - The top brass at Provident Financial did nicely for themselves in the wake of Brexit, picking up stock in the doorstep lender on the cheap.Chief Peter Crook, Vanquis bank president Chris Sweeney and corporate affairs boss Nick Boakes bought into the shares after they lost 26% of their value in the two days following the referendum vote.Since then, the stock has recovered to trade well above its level from before Brexit.Confidence is not sky high, as the drop in sterling to 31-year lows reveals, but the shares may yet prove a good place to stash some cash, The Sunday Times´s Danny Fortson said.Unlike some of its rivals, Provident Financial finances itself via its deposits - from people with riskier credit histories - instead of through wholesale debt markets, which are prone to seizing-up.That business model means that a downturn can in fact lead to a boost in profits, because its losses are front-loaded.A crisis may also lead some banks to pull in their horns, leaving the field wide open for firms such as Provident."Buy", Fortson said. Jimmy Choo is one of the luxuruy brands that is continuing to grow while others falter and the weakening pound can only add to its allure, the Mail on Sunday´s Midas column said.Sales Stateside have been mixed in the past year, but in Asia they are booming and the company is moving into segments of the market, such as handbags and accessories as well as men´s shoes."The underlying business looks sound. The foreign exchange effect makes this look like a very promising investment," Midas said, so 'buy'.
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13 Jul 2016 11:02

DIRECTOR DEALINGS: Elisabeth Murdoch Buys First Jimmy Choo Shares

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12 Jul 2016 08:32

BROKER RATINGS SUMMARY: Vodafone Cut To Neutral, ITV Raised To Neutral

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5 Jul 2016 10:02

Broker tips: UK retailers, Petrofac, Whitbread

(ShareCast News) - Liberum revisited its stance on UK general retailers on Tuesday in light of the more uncertain outlook following the vote to leave the European Union. The brokerage said it was more cautious on the generalists, given their UK exposure and in many cases high exposure to US dollar i

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5 Jul 2016 09:15

Liberum downgrades Pets at Home, upgrades Supergroup post Brexit

(ShareCast News) - Liberum revisited its stance on UK general retailers on Tuesday in light of the more uncertain outlook following the vote to leave the European Union. The brokerage said it was more cautious on the generalists, given their UK exposure and in many cases high exposure to US dollar

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1 Jul 2016 10:10

HSBC reiterates 'buy' but cuts target price on Jimmy Choo

(ShareCast News) - HSBC maintained its 'buy' rating on Jimmy Choo on Friday, after the luxury shoe maker said it was off to a good start to the year. In Jimmy Choo's 15 June trading update, it said had been trading in line with expectations so far this year despite tough trading conditions. The gro

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20 Jun 2016 09:25

ITV, Wolseley are Liberum's top-picks in case of Bremain, Brexit

(ShareCast News) - Depending on whether the UK finally decided to 'Remain' or 'Leave' then different London-listed securities were likelier to 'outperform' their respective sectors, Liberum said. The broker's 'top-picks' under a 'Remain', 'Leave' and 'Either way' scenario were, ITV, Wolseley and Bal

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15 Jun 2016 16:04

LONDON MARKET CLOSE: Stocks Rebound Ahead Of Fed Decision

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15 Jun 2016 11:09

LONDON MARKET MIDDAY: Fed Comes Into Focus As Brexit Takes Back Seat

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15 Jun 2016 11:02

Broker tips: Wood Group, Jimmy Choo, Lonmin

(ShareCast News) - Shares in oil and gas services company Wood Group rose on Wednesday as Jefferies initiated its rating on the stock at 'buy'. "The company, in our view, has executed a far more coherent growth/mergers and acquisitions strategy compared to UK Service peers, Amec Foster Wheeler and P

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15 Jun 2016 09:48

WINNERS & LOSERS SUMMARY: Poundland Rises On Steinhoff Bid Interest

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15 Jun 2016 08:49

Liberum ups Jimmy Choo to 'buy' after trading update

(ShareCast News) - Liberum upgraded Jimmy Choo to 'buy' from 'hold' with an unchanged target price of 135p after the company's trading update. It said the update suggests Choo is showing resilience in a difficult market. Shares in the luxury goods maker shot higher on Wednesday after it said it had

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15 Jun 2016 08:30

BROKER RATINGS SUMMARY: Go-Ahead Raised By JPMorgan, Cut By Investec

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15 Jun 2016 07:33

LONDON MARKET OPEN: Miners And Bank Support Recovery In Stock Prices

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15 Jun 2016 07:25

Jimmy Choo striding ahead in new year

(ShareCast News) - Luxury goods maker Jimmy Choo said it had made a good start to the year and trading was in line with expectations despite headwinds facing the majority of the sector in 2016. "Jimmy Choo remains focused on controlled expansion and development of the retail portfolio whilst evolvin

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15 Jun 2016 07:18

LONDON BRIEFING: Hollywood Bowl Lifts Some Brexit Gloom With IPO Plan

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