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Friday tips round-up: Restaurant Group, Hargreaves Lansdown, Hays

Fri, 02nd Sep 2011 06:48

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.Financial advisory group Hargreaves Lansdown has continued to attract new business flows despite operating in some of the most volatile markets in recent history. Although Hargreaves now trades on about 20 times forecast earnings, the company has continued to provided excellent returns for its investors. Hold, says the Telegraph.The market has well and truly fallen out of love with Hays. As a global recruiter of a wide range of staff, secretaries, accountants, whatever, the company is heavily exposed to global economic trends, and it managed to report some admittedly good results on the day a fresh range of dismal indicators worldwide were also announced. The shares sell on 11 times this year's earnings; that does not look like a signal to buy, says the Times.Monitise provides a platform for mobile phone banking services. This is a growth area, and analysts expect it to double revenues year on year for the appreciable future. Monitise is on target to break into a pre-tax profit by 2013, as envisaged when the company unveiled its global ambitions two years ago. The company is best seen as a dot-com ? exciting, but don't bet the farm, the Times says.Cosalt, the offshore services company, expanded too fast and was hit by the downturn in the North Sea. There is continuing legal action over alleged fraud by former employees. Interim losses before tax and one-offs deepened to £3.3m, from £1.2m, but this is a largely historical figure. The shares are now a penny stock but it is probably too soon to consider them again, says the Times.The newly-listed Spirit Pub Company (which Punch bought in 2005 for a now laughable price of £2.68bn), is now focused on managed pubs. Many ale drinkers view managed pubs with the suspicion of a flat pint of tasteless Australian lager. But to investors they offer an interesting proposition. On the presumption that it can continue to sell increasing amounts of food and pay down its debts, the company should be able to pay a dividend yield of about 5pc within two years, brokers at Numis estimate. Buy, says the Telegraph.It comes as little surprise to us that Rolls-Royce has bounced back from its problems last November, when a Qantas Airbus was forced into an emergency landing in the wake of the near disintegration of one of the engineering group's Trent 900 turbines.The company saw £1bn wiped off its value as a result of that incident, but since then the shares have recovered ground. Rolls comfortably met hopes when it released its half-year results in July and we don't see it letting investors down any time soon. Buy, says the Independent.Good things come to those who wait, or so goes the old saw. But stock market investors, an impatient lot at the best of times, appear to be in no mood to hang around Huntsworth, the public relations group that has seen its shares trade down in the wake of last week's results. It trades on multiples of around six times the estimates for next year. All the while, it boasts a forecast yield of around 6 per cent. Buy, says the Independent.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.
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15 Feb 2013 13:27

Safety gear maker Cosalt to appoint administrators

Feb 15 (Reuters) - Safety equipment maker Cosalt Plc , which warned last week it faced insolvency, said its bankers would appoint administrators to run the company after failing to reach an agreement on its debts and funding for its pension scheme. The company said it had failed to find an

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31 Dec 2012 09:39

Cosalt warns on rising pension scheme debts

Cosalt, the Lincolnshire based company which provides life jackets and safety harnesses for the oil and gas industry, has said that it is continuing discussions with its lenders in an effort to find a solution to its financial difficulties, but warned the deficit on its pension scheme has grown. T

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2 Dec 2012 17:44

Sunday newspaper round-up: Virgin Atlantic, Tesco, RBS

America´s largest airline is plotting to take control of Virgin Atlantic after making a secret approach to the British carrier's big Asian shareholder. Delta Air Lines is understood to have offered to buy Singapore Airlines' 49 per cent holding in Virgin. If it succeeds, Delta's European partner, Ai

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1 May 2012 09:55

Small caps round-up: Cosalt, Westminster, Mobile Streams

Trading in the shares of Cosalt, the cash-strapped Lincolnshire based company which provides life jackets and safety harnesses for the oil and gas industry, has been suspended as it has missed the deadline for publishing its annual results for 2011. At the moment the group is preoccupied with talks

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12 Dec 2011 08:44

London open: Banks and miners drag down Footsie

Mining stocks are dragging the Footsie down in early going, while banks are also weak as investors bank profits after the sector shot up on Friday. Royal Bank of Scotland (RBS) is one of the big fallers in the banking sector after the long-awaited report from the Financial Services Authority (FSA)

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12 Dec 2011 07:56

Cosalt chairman reminds shareholders clock is ticking

The chairman of struggling Grimsby-based company Cosalt has sent a letter to shareholders urging them to sell their shares to him, as time is running out for the company. In the letter, David Ross, whose grandfather founded the oil and gas sector safety firm a century ago, said: "It is clear, I bel

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7 Dec 2011 08:53

Cosalt thrown £5m lifeline by suitor Ross

Cosalt, the Lincolnshire based company which provides life jackets and safety harnesses for the oil and gas industry has seen its shares jump 28% this morning on news of a new credit facility. The £5m overdraft is being provided by David Ross, who co-founded Carphone Warehouse but who has had a lon

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25 Nov 2011 17:12

London close: Banks lead rally

Every day this week and last the Footsie has been stuck in reverse gear but today it jolted forward, thanks to a little help from Wall Street, which opened higher. Banks led the advance on hopes that there is truth in the rumours that European policy makers are set to drop the requirement for priva

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25 Nov 2011 11:38

London midday: The only way is down

London experienced a quiet morning, but the trend remained down, with the US market expected to open lower when it resumes trading today after yesterday's Thanksgiving Day holiday. US markets will close early today to enable traders to join the throngs of shoppers enjoying - or enduring - 'Black Fri

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25 Nov 2011 09:01

London open: Miners drag down Footsie

With the US closed yesterday for the Thanksgiving Day holiday, London has no lead to follow in terms of market direction so it has resorted to its default setting of 'reverse'. Mining stocks are taking the low road as metal prices soften, and are taking the blue-chip index with them. The biggest b

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25 Nov 2011 08:04

Cosalt agrees to sell out to chairman

The haggling over price between oilfield safety equipment provider Cosalt and its chairman, David Ross, is over, and judging by the share price reaction, the directors of the crisis-torn firm spent most of the negotiations bent over an oil barrel. Ross, who co-founded mobile phone seller Carphone W

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23 Nov 2011 08:18

Cosalt in dire straits

Cosalt, the struggling Grimsby-based safety company for the oil and gas sector, has said that the firm's cash flow position has continued to deteriorate. The company now has only £900,000 of bank facilities available, which represents sufficient working capital only until 30 November 2011. "The

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17 Nov 2011 10:26

Cosalt shares collapse as chairman makes discount offer

Cosalt, the struggling Grimsby-based safety company for the oil and gas sector, is considering an offer from its non-executive chairman. David Ross, whose family has been involved with Cosalt for 50 years, has made an offer of 0.1p per share, valuing the company at £404,000. The current market capi

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19 Oct 2011 16:50

London close: Banks buoyed by bailout beef-up

Footsie enjoyed a buoyant if unspectacular day, with almost two-thirds of its constituents finishing in the blue. The market shrugged off the news that Spain's credit rating has been cut by two notches by the Moody's rating agency, and preferred to concentrate on a report in The Guardian newspaper

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19 Oct 2011 14:09

Cosalt lowers trading expectations

Cosalt, the struggling provider of safety equipment to the oil industry, has lowered its trading expectations for the year to be 'significantly lower' than previously anticipated. The announcement saw the share price drop more than 58.15% to 0.68p from 0.94p overnight. The share price has fallen 8

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