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Sunday share tips: Direct Line, Laird, Brewin Dolphin

Sun, 28th Feb 2016 14:58

(ShareCast News) - Direct Line shares are worth holding, said the Sunday Times' Inside the City column ahead of Tuesday's annual results for the insurer. Full year profits are forecast to have reversed moderately, but things look better going forward, with a new online marketing campaign launched last week with 20-something online blogger Alfie Deyes. Deyes, famous with millions of 16-19-year-olds on YouTube for his Pointless Blog, has been signed up as a marketing tool, taught to drive and insured on the company's telematics policy for a year.Competition for customers in the insurance industry has been cut-throat over recent year, driving premiums down and leaning some firms to admit defeat. But with some of these departures, premiums have begun to bounce back, with analysts expecting prices to have recovered towards the end of last year, which should filter through to profits later. The results will also provide an opportunity to hear details on UK flooding costs and December's loss to rival RSA of a big Nationwide contract.Avoid wealth management companies like Hargreaves Lansdown, St James's Place, Old Mutual and Charles Stanley, says Questor in the Sunday Telegraph, though Brewin Dolphin has potential. They are difficult to compare, however, with FTSE 100 giant HL focused on retail investors, ISA and pension savers, while the others are generally focused on offering a more active service to the more prosperous. The cost-cutting slide towards internet services can be dangerous, with the City watchdog warning recently of the need to ensure customers are given appropriate advice.The recent months of extremely choppy stock markets have hit share issuances, a key revenue-generating service for these companies. Shares in Brewin Dolphin have fallen sharply but looks to be recovering under new management. HL shares are changing hands for what seems an overly demanding p/e ratio of 37. Charles Stanley is also attempting to turn itself around though until a progress becomes clearer it is best avoided.Shares in Laird are a buy for the long term, according Midas in the Mail on Sunday. Laird's main customer is Apple, to which it supplies technology that protect electronic components from heat and electromagnetic interference, with Samsung and other smartphone makers also important clients, means it has suffered in recent months due to the hot competition in the smartphone industry. Laird has been expanding its end markets and client numbers in recent years, including other telecom technology, automotive, medical and consumer goods industries.Aerials are also big part of its business, especially to car makers with the rise of the 'smart car'. Another area that is expected to boom is the 'internet of things' (IoT), which connects objects wirelessly as part of smart-home technology for example. With the number of internet-connected devices to more than triple over the next four years, Laird is better positioned to cope with slowing iPhone sales and concerns about global economic prospects.

More News

10 May 2018 11:48

Laird Disposes Of Korean Prototyping Business To Hankook Tire

LONDON (Alliance News) - Electronics firm Laird PLC on Thursday said it has sold its 51% holding in its South Korean prototyping business to Hankook Tire Co Ltd for USD43.6 million.The sold

27 Apr 2018 08:16

Laird First Quarter Revenue Grows As Takeover By Advent Progresses

LONDON (Alliance News) - Laird PLC said Friday that first quarter revenue grew 8% on an organic basis with growth across all divisions, as its GBP1.00 billion takeover by Advent International Corp

20 Apr 2018 15:00

UK Shareholder Meetings Calendar - Next 7 Days

Monday 23 AprilForeign & Colonial Investment Trust BioquellMicrogenHgCapital

23 Mar 2018 10:23

Engineer Babcock Appoints Two New Non-Executive Directors

LONDON (Alliance News) - Engineering company Babcock International Group PLC said Friday that it has appointed Kjersti Wiklund and Lucy Dimes as independent non-executive am a

7 Mar 2018 14:02

Advent to seek buyer for conveyor belt firm Ammeraal Beltech -sources

By Dasha Afanasieva and Clara Denina LONDON, March 7 (Reuters) - Private equity firm Advent has hired Goldman Sachs and Rothschild to sell Dutch conveyor belt company a

1 Mar 2018 08:16

UPDATE 1-Advent Intl to buy UK tech firm Laird in $1.65 bln deal

LONDON, March 1 (Reuters) - Private equity firm Advent International has agreed to buy British electronics and technology business Laird, the firms said on Thursday, valuing a

1 Mar 2018 07:23

Advent International agrees $1.4 bln takeover of Laird

LONDON, March 1 (Reuters) - Private equity firm Advent International has agreed to buy British electronics and technology business Laird, the firms said on Thursday, valuing 1

13 Feb 2017 07:59

Laird said to consider sale of precision metals division

(ShareCast News) - Laird is said to be considering the sale of one of its major divisions as it struggles to turn its business around. According to The Telegraph, the FTSE 250 electronics component maker, whose shares have fallen sharply since its profit warning in October and rights issue in Decemb

24 Jan 2017 10:32

Laird reiterates full-year expectations, on track for rights issue

(ShareCast News) - Laird, whose shares tumbled back in October after a profit warning, reiterated its full-year expectations on Tuesday as it said it was on track to announce a proposed rights issue to raise up to £185m to shore up its balance sheet. The technology company said trading for the ye

11 Jan 2017 13:58

UPDATE 3-British aerospace company Cobham misses profit target, scraps dividend

* Early readout puts trading profit at 245 mln stg * Group's already lowered target range was 255-275 mln stg * Scraps dividend after poor result on profit and debt * Shares fall as much as 21 pct (Adds CEO, CFO comments from analyst call) By Paul Sandle LONDON, Ja

2 Dec 2016 08:39

LONDON MARKET OPEN: Laird And Oil Producers Down; Housebuilders Up

2 Dec 2016 08:03

Laird to raise £185m through a rights issue, scraps final dividend

(ShareCast News) - Electronics company Laird is to raise £185m through a rights issue and scrap its final dividend in a bid to strengthen its financial position. Through the rights issue, the company will offer shares to existing shareholders in proportion to their existing holdings in the first qua

25 Oct 2016 16:23

Anglo American leads Britain's FTSE higher, Whitbread slides

* FTSE 100 index up 0.5 pct at close * Anglo American leads market higher * Whitbread falls after update * Broker downgrades weigh on midcaps (Adds detail and quote, updates prices at close) By Kit Rees and Atul Prakash LONDON, Oct 25 (Reuters) - Britain's top shar

25 Oct 2016 15:12

GRAPHIC-Downgrades, profit warnings ring Brexit alarms for UK mid-caps

* FTSE 250 vs FTSE 100: http://reut.rs/2eCvwk9 * Profit warnings spark broker downgrades * Earnings disappointments lead to outsized moves * Senior, Cobham, Laird among midcaps warning on profits By Kit Rees LONDON, Oct 25 (Reuters) - A spate of profit warnings among

25 Oct 2016 10:10

Tuesday broker round-up

(ShareCast News) - Segro: Barclays keeps at overweight with a target price of 520p. Howden Joinery: Berenberg downgrades to hold, 450p target. Standard Chartered: Deutsche Bank reiterates sell with a 574p target. Cobham: UBS reiterates neutral with a 160p target. Cobham: Barclays reiterates equal

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Sunday share tips: Direct Line, Laird, Brewin Dolphin

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