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Thursday tips round-up: Cranswick, United Drug, Sportingbet

Thu, 08th Oct 2009 06:24

At 705p, Cranswick trades at 11 times earnings and offers a 3.3 per cent dividend, not bad given a strong balance sheet (net debt of about £65 million) and forecast double-digit profit growth. Hold on, says the Times. Meanwhile, the Telegraph says buy the shares as it expects brokers to upgrade forecasts after the full interim numbers are released on November 19.The Independent said it would not be overly concerned about yesterday's full year profit warning from Irish healthcare group United Drug. The group's share price should continue to grow and the paper would hold on until the stock shows signs that it is beginning to falter. Sportingbet has come a long way since the dark days of October 2006, when new American laws killed off the world's biggest internet gambling market. At 73p, or 12 times earnings, and sitting on £24 million of cash, Sportingbet's allure, whether from profit growth or as a prospective takeover target once the DoJ is assuaged, remains intact. Hold, says the Times.It was not the biggest IPO ? it raised only $360 million ? but last week's Nasdaq flotation of Education Management Corporation (EMC) provided yet another sign that world stock markets are regaining their poise. Shares in the Pittsburgh-based owner of colleges and universities surged by one quarter in first-day dealings. Shareholders in JPMorgan Private Equity (JMPE), the London-listed investment trust, have more reason than most to draw encouragement from that debut. At $1.12, or a 12 per cent discount to its $1.27 net asset value, JMPE's potential for long-term capital growth makes the shares a buy, according to the Times.Nighthawk Energy could turn out to be a great punt for investors. According to watchers at Hanson Westhouse, the shares are "significantly undervalued by the market as demonstrated by our valuation of Nighthawk at 225p per fully diluted share". Buy, says the Independent.Petropavlovsk's shares are trading on a December 2009 earnings multiple of 18.4 times, falling to 12.9 in 2011. This compares favourably with Randgold Resources, which is trading on a heady multiple of 79.9 times current-year earnings. Despite the stunning gains so far, shares in Petropavlovsk remain the Telegraph's preferred gold play. Buy.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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14 Oct 2011 16:46

London close: Higher finish amid euro optimism

The top share index closed off earlier highs but still buoyant ahead of the weekend amid optimism after Thursday's vote by Slovakia to expand the Eurozone' rescue fund lifted sentiment. After the close last night, the expansion of Eurozone's rescue fund, the European Financial Stability Fund (EFSF

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14 Oct 2011 12:18

London midday: Stocks rise after Slovak vote

The top share index is buoyant after Thursday's vote by Slovakia to expand the Eurozone' rescue fund lifted sentiment. After the close last night, the expansion of Eurozone's rescue fund, the European Financial Stability Fund (EFSF), was approved by Slovak MPs, two days after they voted against the

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14 Oct 2011 10:43

Clipped wings at Nighthawk

Nighthawk, the US-focused oil development and production company, has been unable to proceed with its planned acquisition of Running Foxes Petroleum. The firm had planned to acquire both its working interest and the operatorship of the Jolly Ranch project, but said market conditions prevented the m

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8 Sep 2011 10:34

Nighthawk names Gutteridge non-exec chairman

Nighthawk Energy announced its latest addition to the US focused oil development and production firm with the appointment of Stephen Gutteridge as non-executive chairman. Gutteridge, who has over 30 years working in the oil and energy industries, starts with immediate effect. He has previously work

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19 Jul 2011 09:32

Nighthawk names new COO

US-focused oil producer Nighthawk Energy has appointed Charles "Chuck" Wilson as its chief operating officer, adding another new member to its executive management team in three months. In May, Richard Swindells joined Nighthawk's board of directors as the chief financial officer. Wilson, who has

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9 May 2011 13:59

Nighthawk Energy announces new CFO

US-focused oil company, Nighthawk Energy, has announced that Richard Swindells will join its board of directors as chief financial officer. Swindells will join from investment bank Ambrian Partners, where he acts as broker and nominated adviser to a number of oil and gas and other resources compani

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28 Apr 2011 15:23

Reserves at Nighthawk's Colorado project disappoint

Shares in US-focused oil group Nighthawk Energy took a dive on Thursday after it revealed low initial reserve numbers at its 50%-owned Jolly Ranch Project in eastern Colorado, US. The group said that proved reserves have only been attributed for two wells from the Cherokee formation (Craig 4-4 and

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8 Mar 2011 16:53

London close: FTSE 100 rallies to flat finish

The FTSE 100 rallied strongly to close flat after a volatile. Traders were unsure how to react to continuing violence in Libya and indications from Opec that the cartel will lift oil production. The oil price eased, but so did metals, which dealt a blow to the mining sector, particularly precious m

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8 Mar 2011 14:34

London afternoon: Miners drag down Footsie

Mining stocks are weighing heavily on Footsie as the price of gold and copper moved lower today. Precious metal miners Randgold Resources and African Barrick are the big fallers in the sector, but even copper miner Antofagasta is under the cosh, despite announcing it is to pay a huge special divid

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8 Mar 2011 11:59

Jolly Ranch progress cheers Nighthawk

Shares in Nighthawk Energy jumped after the US-focused oil group reported progress at its Jolly Ranch project in Colorado. Three wells at the project have been completed and two are undergoing a period of test production. Nighthawk added that another well, which has been on long-term test producti

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8 Feb 2011 14:28

Small caps round-up: Ark Therapeutics, Hambledon, Nighthawk ...

Drug developer Ark Therapeutics has sold the majority of its wound care business to Crawford Healthcare for up to £2.7m, comprising £0.77m upfront and up to £1.93m in milestone payments. The value of the gross assets being sold was put at £1,153,000 as at 30 June 2010. The losses on ordinary activi

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24 Jan 2011 15:56

Nighthawk surges after simulation study

Shares in oil development and production company Nighthawk Energy gushed higher Monday after an upbeat trading update revealed a significant increase in estimated oil in place at the Cherokee and Atoka shale formations on its Jolly Ranch prospect. The company said that the reservoir simulation mode

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29 Nov 2010 15:22

Nighthawk to take write-downs as it focuses on Jolly Ranch

Oil explorer Nighthawk Energy has decided to focus exclusively on its 50%-owned Jolly Ranch prospect in Colorado after completing a strategic review. The Company's interest in the Revere waterflood projects will be assigned to Running Foxes Petroleum, the operator, as of 1 January 2011 in return fo

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29 Nov 2010 13:20

Broker tips: Trinity Mirror, Iomart, Nighthawk Energy

The share price of newspaper group Trinity Mirror is down by a half over the last year and a third over the last month, prompting broker Panmure Gordon to suggest that the timing might be right for the group to embark on a share buy-back programme. The broker thinks that buying back the shares wou

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29 Nov 2010 12:46

Broker snap: Plenty of upside left at Nighthawk

Oil explorer Nighthawk Energy has announced the results of its strategic review and it did not take long for the market to look at the size of the write-downs the company announced and slice around a fifth of the value from the company's share price. Resource sector specialist Westhouse Securities

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