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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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11 Nov 2015 16:40

Broker tips: Jimmy Choo, Whitbread, Experian

(ShareCast News) - Liberum downgraded Jimmy Choo to 'hold' from 'buy' and slashed the price target to 160p from 210p. "We believe Choo faces increased competition in shoes as other luxury goods companies chase growth," the broker said. It said the speed of the luxury slowdown is notable and yet to

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11 Nov 2015 11:19

Wednesday broker round-up

(ShareCast News) - Auto Trader Group: Goldman Sachs downgrades to neutral. Target price: 415.00p. Fidessa Group: Finncap downgrades to sell, cuts target price to 1750.00p. Jupiter Fund Management: Barclays upgrades to overweight, lifts target price to 520.00p. Dcc: Exane BNP Paribas downgrades to

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11 Nov 2015 10:36

Liberum downgrades Jimmy Choo amid increasing competition

(ShareCast News) - Liberum downgraded Jimmy Choo to 'hold' from 'buy' and slashed the price target to 160p from 210p. "We believe Choo faces increased competition in shoes as other luxury goods companies chase growth," the broker said. It said the speed of the luxury slowdown is notable and yet to

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11 Nov 2015 09:32

BROKER RATINGS SUMMARY: JPMorgan And S&P Capital IQ Positive On ITV

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11 Nov 2015 08:20

LONDON BRIEFING: SABMiller And ICAP-Tullett Push M&A To Forefront

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2 Nov 2015 09:54

BROKER RATINGS SUMMARY: HSBC Downgrades easyJet And IAG

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25 Sep 2015 16:18

FTSE 250 movers: Healthy rise for Synergy Health, Aggreko powers down

(ShareCast News) - The FTSE 250 was up 287.23 points or 1.74% to 16,801.76, rising sharply on Friday morning on the back of Janet Yellen's comments overnight. Synergy Health shares skyrocketed on the news that a federal court in Ohio has ruled against the Federal Trade Commission's request for a pre

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9 Sep 2015 17:01

Broker tips: Jimmy Choo, Hargreaves Lansdown, PZ Cussons

(ShareCast News) - RBC Capital Markets has initiated coverage of Jimmy Choo at 'outperform' with a 200p price target. "Jimmy Choo's footwear-focused model is attractive given the early stage of brand development and the defensiveness of the product category on a long term view," the Canadian bank sa

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9 Sep 2015 11:53

RBC Capital starts Jimmy Choo at 'outperform'

(ShareCast News) - RBC Capital Markets has initiated coverage of Jimmy Choo at 'outperform' with a 200p price target. "Jimmy Choo's footwear-focused model is attractive given the early stage of brand development and the defensiveness of the product category on a long term view," the Canadian bank sa

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7 Sep 2015 08:41

BROKER RATINGS SUMMARY: Bernstein Raises United Utilities And Centrica

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1 Sep 2015 16:09

LONDON MARKET CLOSE: China Manufacturing Weakness Hits Stocks And Oil

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1 Sep 2015 09:47

WINNERS & LOSERS SUMMARY: Latchways Clambers Up 48% On Takeover Offer

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28 Aug 2015 14:36

FTSE 250 movers: Marshalls gains on interims, Debenhams slumps on downgrade

(ShareCast News) - London's FTSE 250 was a touch higher on Friday and by 1445 BST, was trading up 0.2% at 16,952.75, with investors mostly keeping to the sidelines at the end of what's been a pretty turbulent week. Marshalls was the standout gainer after the paving slabs specialist posted a strong s

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28 Aug 2015 10:10

TOP NEWS SUMMARY: UK Economic Growth Confirmed At 2.6% In 2nd Quarter

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28 Aug 2015 09:48

WINNERS & LOSERS SUMMARY: Marshalls Shares Climb On Rock-Solid Results

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