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Sunday share tips: Tesco, Next, Ideagen

Mon, 17th Mar 2014 07:01

Sell shares of Tesco, the Sunday Telegraph's Questor column advised. Britain's biggest retailer's market share is large at 28.7% but it is falling. Tesco has not yet cut prices in its attempts to revive its fortunes. WM Morrison has promised to cut prices and Tesco could follow but, along with planned store refurbishments, price cuts would reduce earnings cover and increase questions about Tesco's dividend. Tesco shares have fallen 15% since Questor said to sell them in early October. With no change in the basic questions facing Tesco, the advice stands.Don't expect big returns if you invest in Next shares, Danny Fortson argued in the Sunday Times. In his Inside the City column, Fortson said Next's market value of £10bn, boosted by share buybacks, looked "a bit toppy". Next succeeds while rivals such as Debenhams flounder because it has good products and services, particularly online. It is also highly profitable with margins of almost 19%. Opening bigger stores gives more room for newer lines such as home and garden. This is all good stuff but the shares are for those "happy with a more modest increase in underlying value".Buy shares of Aim-listed Ideagen and watch them grow, the Mail on Sunday's Midas column said. Hospitals and GP surgeries need to go digital, and individual health trusts are buying their own IT instead of the Government attempting to centralise systems. Ideagen's products let trusts and GPs get to their patients' records easily. The company is expected to unveil two new contracts soon. In the year to April 2013 revenue was £6.5m and profit was £1.9m. Chief Executive David Hornsby aims to supply half England's 200 NHS trusts, creating turnover of up to £50m. Supporters of Ideagen think the shares will triple to £1 over the next few years.Shareholders should stick with shares of small-cap van hire group Northgate, Questor said in the Sunday Telegraph. Since Questor tipped the shares on December 4th they have gained 24% and last week's trading statement showed the business doing well. Northgate's fortunes are strongly linked to the UK and Spanish economies. After a restructuring, the company is targeting the booming London market and the UK van fleet is up 9% on a year ago. Spanish trading has been tough but vehicle falls have stabilised. The shares' forecast price-earnings ratio of 14.9 is about right.Steer well clear of PV Crystalox Solar, Danny Fortson warned in the Sunday Times. Things have got worse since the solar panel maker appeared in Fortson's Inside the City column 18 months ago. PV's problem was a flood of cheapo panels from China that forced other European solar companies to go bust. The European Union has stepped in to deter Chinese dumping of cheap panels but governments are slashing solar subsidies anyway. Fortson questions how long the company can survive. There is an opportunity to profit from the difference between PV's market value and its wind-up value but the company has not communicated clearly enough.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.SF
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5 Jul 2022 15:47

IN BRIEF: UK Court sanctions Hg Pooled's takeover of Ideagen

Ideagen PLC - Nottingham-based information management, safety, risk and compliance software provider - UK Court sanctions Ideagen's GBP1.06 billion takeover by Hg Pooled Management Ltd.

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28 Jun 2022 16:05

UK earnings, trading statements calendar - next 7 days

Wednesday 29 June 
B&M European Value Retail SAQ1 Results
LendInvest PLCFull Year Results
Moonpig Group PLCFull Year Results
Inspecs Group PLCFull Year Results
Mulberry Group PLCFull Year Results
ProCook Group PLCFull Year Results
Thursday 30 June 
Accsys Technologies PLCFull Year Results
Breedon Group PLCHalf Year Results
Bunzl PLCTrading Statement
Carclo PLCFull Year Results
Civitas Social Housing PLCFull Year Results
HgCapital Trust PLCHalf Year Results
Hunting PLCTrading Statement
Polar Capital Holdings PLCFull Year Results
PCF Group PLCFull Year Results
Renalytix PLCQ3 Results
SDCL Energy Efficiency Income Trust PLCFull Year Results
SEEEN PLCFull Year Results
Friday 1 July 
no events scheduled 
Monday 4 July 
Augmentum Fintech PLCFull Year Results
Braemar Shipping Services PLCFull Year Results
Porvair PLCHalf Year Results
ReNeuron Group PLCFull Year Results
Tuesday 5 July 
CML Microsystems PLCFull Year Results
Ideagen PLCFull Year Results
J Sainsbury PLCQ1 Results
Kitwave Group PLCHalf Year Results
Mattioli Woods PLCTrading Statement
Mercia Asset Management PLCFull Year Results
Saga PLCTrading Statement
Supreme PLCFull Year Results
  
Copyright 2022 Alliance News Limited. All Rights Reserved.

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24 Jun 2022 08:27

IN BRIEF: HgCapital Trust notes progress with Ideagen takeover

HgCapital Trust PLC - technology-focused investment trust that participates in the private equity investments of manager Hg - Notes Ideagen PLC's announcement that all resolutions at the court meeting and general meeting in relation to its acquisition by Hg Pooled Management Ltd were approved with a majority. The meetings were held on Thursday.

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21 Jun 2022 14:00

IN BRIEF: Ideagen declares dividend permitted under takeover by Hg

Ideagen PLC - Nottingham-based information management, safety, risk and compliance software provider - Declares 0.2875 pence interim dividend for the second half of the financial year that ended April 30. Ideagen says the dividend payment is permitted under the terms of its agreed acquisition by funds managed by London-based private equity firm Hg Pooled Management Ltd. Ideagen's GBP1.06 billion price tag will not be reduced as a result of the dividend payment.

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16 Jun 2022 16:03

UK shareholder meetings calendar - next 7 days

Friday 17 June 
Blackstone Loan Financing LtdAGM
boohoo Group PLCAGM
Directa Plus PLCAGM
Tesco PLCAGM
EnQuest PLCAGM
Octopus Renewables Infrastructure Trust PLCAGM
Monday 20 June 
Armadale Capital PLCAGM
Bank of Georgia Group PLCAGM
Globalworth Real Estate Investments LtdAGM
MetalNRG PLCAGM
Midatech Pharma PLCAGM
Silver Bullet Data Services Group PLCGM re fundraise
Venture Life Group PLCAGM
Tuesday 21 June 
1Spatial PLCAGM
Altus Strategies PLCAGM
Coca-Cola HBC AGAGM
FireAngel Safety Technology Group PLCAGM
HC Slingsby PLCAGM
HSS Hire Group PLCAGM
Mission Group PLCAGM
Novacyt SAAGM
Pendragon PLCAGM
RTW Venture Fund LtdAGM
Velocys PLCAGM
Wednesday 22 June 
ASA International Group PLCAGM
Atalaya Mining PLCAGM
Bonhill Group PLCAGM
Chapel Down Group PLCAGM
Churchill China PLCAGM
Downing Renewables & Infrastructure Trust PLCGM re share issue
Ecofin US Renewables Infrastructure Trust PLCAGM
EJF Investments LtdAGM
Frenkel Topping Group PLCAGM
Good Energy Group PLCAGM
Honeycomb Investment Trust PLCAGM
ICG-Longbow Senior Secured UK Property Debt Investments LtdAGM
Intelligent Ultrasound Group PLCAGM
Iofina PLCAGM
John Wood Group PLCAGM
Kingfisher PLCAGM
LXi REIT PLCGM
Menhaden PLCAGM
North Atlantic Smaller Cos Investment Trust PLCAGM
Pennant International Group PLCAGM
Plant Health Care PLCAGM
Skillcast Group PLCAGM
Team PLCAGM
Tribal Group PLCGM re final dividend
Trident Royalties PLCAGM
Vertu Motors PLCAGM
Wentworth Resources PLCAGM
Thursday 23 June 
Avacta Group PLCAGM
Anglo Asian Mining PLCAGM
Card Factory PLCAGM
Cordiant Digital Infrastructure LtdAGM
Downing Renewables & Infrastructure Trust PLCGM re initial placing & open offer
Eight Capital Partners PLCGM re aligning 2022 bonds with 2026 bonds
GENinCode PLCAGM
Ideagen PLCGM re takeover by Hg Pooled Management Ltd
Longboat Energy PLCAGM
Oxford Nanopore Technologies PLCAGM
Puma VCT 13 PLCGM re cancellation of listing & liquidation
RBG Holdings PLCAGM
Tandem Group PLCAGM
Zinnwald Lithium PLCAGM
  
Copyright 2022 Alliance News Limited. All Rights Reserved.

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19 May 2022 18:07

IN BRIEF: Astorg pulls out of potential bid for Ideagen

Ideagen PLC - Nottingham-based information management, safety, risk and compliance software provider - Potential bidder Astorg Asset Management Sarl confirms it will no longer make offer for Ideagen.

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19 May 2022 16:51

LONDON MARKET CLOSE: Dour day in Europe as New York struggles again

(Alliance News) - European equities slumped on Thursday, after deep sell-offs in New York on Wednesday as retailers across the Atlantic faced heavy selling pressure following a series of warnings on costs, margins and profits.

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12 May 2022 15:35

TRADING UPDATES: Secure Trust lending up; Eurocell sales climb

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Thursday and not separately reported by Alliance News:

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12 May 2022 12:12

Ideagen reports year of growth ahead of its likely takeover

(Sharecast News) - Compliance software company Ideagen reported a "year of continued organic growth" in a trading update on Thursday, augmented by strategic acquisitions.

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9 May 2022 17:02

LONDON MARKET CLOSE: Stocks sink as Covid curbs dent China exports

(Alliance News) - Stocks in London ended sharply lower on Monday after China's April exports slumped to the lowest level in almost two years, due to the nation's strict zero-Covid policy.

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9 May 2022 12:17

LONDON MARKET MIDDAY: China slowdown causes European stocks to see red

(Alliance News) - Equities around Europe extended their decline at midday on Monday after weak trade data from China sent a scare through markets about the impact of the country's strict Covid lockdowns.

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9 May 2022 11:13

AIM WINNERS & LOSERS: Ideagen accepts offer; Ncondezi sees potential

(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Monday.

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9 May 2022 10:27

Ideagen shares leap on GBP1.06 billion takeover offer from Hg Pooled

(Alliance News) - Shares in Ideagen PLC jumped on Monday after agreeing to a GBP1.06 billion takeover offer from London-based private equity firm Hg Pooled Management Ltd.

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9 May 2022 08:28

Ideagen board to recommend Hg acquisition, Astorg bid still possible

(Sharecast News) - Ideagen confirmed it was recommending a cash offer from a company linked to Hg funds on Monday, in a deal valuing its share capital at £1.06bn.

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5 May 2022 14:47

Ideagen shares rise as two companies consider its acquisition

(Alliance News) - Ideagen PLC shares rose on Thursday after it said that two private equity firms showed interest in acquiring it with cash offers.

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