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Thursday tips round-up: Supergroup, Prezzo, IQE

Thu, 08th Sep 2011 06:32

Fashion group Supergroup sells at 17 times this year's earnings. Lifestyle brands such as SuperGroup have done well over the recession and future growth looks assured, but the churl in me finds it hard to see immediate progress for a retailer on this sort of multiple in this market, says Martin Waller of the Times.Prezzo, the Italian restaurant chain, continues to defy the economic gloom. Yesterday, it posted a surge in profits as it pushes ahead with its expansion programme. While Prezzo is a safe bet for the long term, we think a forward earnings multiple of 10.6 makes its shares fairly valued. Hold, the Independent says.IQE supplies gallium arsenide wafers to most smartphones now on sale; these account for only about 28 per cent of the total mobile phone market, a proportion that is bound to grow. But sales to mobile phones account for about three quarters of turnover; the rest goes to various unproven technologies. IQE is best seen as an established wafer manufacturer with a couple of outside high-tech bets on the side: attractive for the long term, but speculative, says the Times.But the Independent says IQE is plugged into what still looks like a strong market that is only set to grow stronger in coming years. Moreover, the stock looks affordable, trading at around 17 times forward earnings for this year, falling to under 15 times on the estimates for next year. Given the growth prospects, we think that it is worth a punt. Buy, the newspaper says.Homeserve, which offers insurance against a range of household misfortunes and sorts out repairs when they happen, has already proved that it is one of those rare British businesses that has been able to replicate its success on the other side of the pond. Given the company's growth profile it arguably deserves a premium rating. But it's still starting to look stretched and we think the share price could easily pause for breath. So use yesterday's gains as an opportunity to take profits, says the Independent.Fortune Oil's price has traded between pretty narrow parameters for years, most recently hitting a low point of around 5p, before peaking in May this year at 14.5p. The company, which is involved in oil and gas supply and infrastructure projects in China, is lightly researched and, as a result, is often overlooked. This might be a mistake. Fortune Oil is hoping to capitalise on the expansion in coalbed methane, the production of which China is aiming to increase by 2020.Fortune Oil looks interesting for those prepared to accept the risks. Buy, says the Scotsman.The best way to play market falls is to buy quality companies with high yields. Go-Ahead Group is one such business. The group is one of the UK's largest bus operators, with a fleet of about 3,800 vehicles. that the shares are now yielding a prospective 5.7%, which is very attractive in the current low interest rate environment. Buy, says the Telegraph.One thing is clear - market volatility is going to be around for some time. Traders love this type of market - and spread-betting firm IG Group is going to be a major beneficiary. Indeed, it already has - and next Tuesday's first-quarter trading update should be very impressive. Buy, says the Telegraph.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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17 Mar 2022 08:16

LONDON BRIEFING: Deliveroo loss widens but pedalling toward breakeven

(Alliance News) - Food delivery firm Deliveroo on Thursday said 2021 was a year of strong growth and strategic progress, which it believes will lead to long-term profitability.

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9 Mar 2022 11:41

IN BRIEF: Go-Ahead hires Royal Mail UK interim CFO as finance chief

Go-Ahead Group PLC - Newcastle, England-based public transport operator - Hires Sarah Mussenden to be chief financial officer, starting May 9. Mussenden currently is interim CFO at Royal Mail UK, part of Royal Mail PLC. Previous roles were at British Gas, part of Centrica PLC, and British Airways, part of International Consolidated Airlines Group SA. She currently is a non-executive director of asset manager Premier Miton Group PLC. At Go-Ahead, Mussenden will replace Interim CFO Gordon Boyd.

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24 Feb 2022 16:35

Go-Ahead expects to pay GBP30 million penalty amid "challenging" year

(Alliance News) - Go-Ahead Group PLC said on Thursday that it had narrowed its pretax loss but noted issues with the UK Department for Transport regarding its London & South Eastern Railway operations.

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24 Feb 2022 10:11

Go-Ahead records 'strong' performance in long-delayed results

(Sharecast News) - Go-Ahead Group reported a "strong" financial performance in its bus and Govia Thameslink Railway (GTR) operations in its much-delayed full-year results on Thursday, offset by challenges in its international rail division and its former Southeastern rail franchise.

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24 Feb 2022 08:15

LONDON BRIEFING: Warren East to depart as CEO of improving Rolls-Royce

(Alliance News) - Rolls-Royce on Thursday said Chief Executive Officer Warren East has decided to step down at the end of 2022, after nine years on the board and almost eight years as CEO.

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23 Feb 2022 09:51

IN BRIEF: Go-Ahead to release delayed annual results on Thursday

Go-Ahead Group PLC - Newcastle-based bus and train operator - Plans on Thursday to release its delayed results for the financial year that ended July 3 last year. At that point, Go-Ahead will ask for the suspension of trading of its shares and corporate bonds to be lifted. The suspension was imposed because the company missed the deadline for filing its accounts. The delay was to allow auditors Deloitte to consider the implications of a review of the London & South Eastern Railway franchise, operated by Go-Ahead. The UK government found that "serious errors" were made by LSER in its dealings with the Department for Transport over several years. Go-Ahead apologised for "failing to notify the DfT of certain overpayments or monies due to the DfT", but the government is considering enforcement action, including a financial penalty.

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31 Jan 2022 15:28

Moody's withdraws British rail firm Go-Ahead's rating

LONDON, Jan 31 (Reuters) - Moody's has withdrawn its credit rating of UK rail and transport firm Go-Ahead after the company delayed the publication of its financial results for a fourth time, the ratings agency said on Monday. "Moody's has decide...

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24 Jan 2022 10:02

IN BRIEF: Go-Ahead expects annual results release end February

IN BRIEF: Go-Ahead expects annual results release end February

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24 Jan 2022 09:00

Go-Ahead results delayed again as auditors ask for more time

(Sharecast News) - Crisis-hit transport group Go-Ahead on Monday delayed publication of its financial results for a third time as investigations continue into its rail franchise scandal.

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19 Jan 2022 15:18

EXECUTIVE CHANGES: Mode Global and Omega Diagnostics lose CEOs

EXECUTIVE CHANGES: Mode Global and Omega Diagnostics lose CEOs

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4 Jan 2022 14:02

Go-Ahead shares suspended due to late-running results

(Sharecast News) - Go-Ahead Group made a request for its shares and bond to be temporarily suspended from trading on Tuesday, pending its results for the year ended 3 July.

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4 Jan 2022 10:34

IN BRIEF: Go-Ahead suspends listing on annual results delay

IN BRIEF: Go-Ahead suspends listing on annual results delay

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21 Dec 2021 21:40

TRADING UPDATES: Charles Stanley sale greenlit; ASA portfolio grows

TRADING UPDATES: Charles Stanley sale greenlit; ASA portfolio grows

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20 Dec 2021 16:21

EXECUTIVE CHANGES: New senior independent directors for Go-Ahead, Wizz

EXECUTIVE CHANGES: New senior independent directors for Go-Ahead, Wizz

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15 Dec 2021 16:03

UK shareholder meetings calendar - next 7 days

UK shareholder meetings calendar - next 7 days

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