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Wednesday tips round-up: Britvic, Mothercare, BG

Wed, 15th Jul 2009 06:37

The sun shines, ergo, the drinks companies do rather nicely. When the group in question, Britvic, owns the Robinson squash brand and Wimbledon turns out to be more entertaining than usual, you would expect it to release good news to the market. Britvic is likely to have a good time of it over the next 12 months, and the Independent would take a punt on the market catching up at a later date. Buy.Britvic shares are now trading on a September 2009 earnings multiple of 11.5 times, falling to 10.4 times next year. With analysts expected to upgrade their forecasts, the current multiple will fall as consensus forecasts rise. The shares are also yielding 4.4%, which is well worth having. Shares in Britvic remain a buy says the Telegraph.Maternity and babywear group Mothercare is one of the exceptions to the gloom in the retail sector. The company's first-quarter trading update should be strong. In total, the company has seen 15 consecutive quarters of like-for-like growth, a remarkable performance in any business, especially given the current market conditions. A current year earnings multiple of 16 is deserved and falls to 14.7 in 2011 then 13.9 in 2012 on growth estimates. Buy says the Telegraph.If you look at a graph of oil explorer Melrose Resources' performance, it ebbs and flows pretty much in line with the price of the black stuff. An equity to raise £11.2m will speed up the drilling of its Kaliakra appraisal well in Bulgaria and its Egyptian field development. It is its Bulgarian gas projects, however, that are really exciting. The shares might do little beyond the oil price, but the yield is among the best in the sector. Buy says the Independent.Bookies are proving relatively resilient in the recession, which is good news for the betting industry technology company Alphameric. Joe Lewis, the super-rich investor who also has a stake in Ladbrokes, has been increasing his stake - a fact that is worth watching closely. The valuation, at 9.8 times this year's forecast earnings, is undemanding, and the yield, at 5.5%, is good. Buy says the Independent.Forget the nags. Shares in Alphameric, which beams live racing footage into bookies' shops, have proved the better bet this year ? more than doubling since January. The problem is that the next batch of UK media rights do not come up for grabs until late 2011, meaning that Alphameric has limited short-term scope to extend its reach to other racecourses. Meanwhile, bookies are deferring spending on new IT systems ? Alphameric's other business ? amid the consumer downturn. The shares have run far enough for now. Pass says the Times. Yesterday, BG took delivery of its first cargo of liquefied natural gas (LNG) to its newly commissioned Dragon terminal in Milford Haven. Meanwhile, BG last month secured a foothold in US shale gas through a $1.3bn joint venture. Further clarity on BG's progress, together with an update on its Tupi deepwater discovery in Brazil, should come with first-half results on July 29. At £10.03, or 15 times earnings, hold on says the Times.Marine services group James Fisher has not been immune from recession: its coastal tankers (which ship oil from refineries to local depots) have suffered from lower volumes. However, any weakness should be more than offset by growth elsewhere while, after an 18-month hiatus, Fisher is well placed to make bolt-on acquisitions. At 401p, or nine times earnings, buy on weakness says the Times. 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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30 Jul 2010 08:05

Melrose Makes Third Bulgaria Discovery; Farms Out To Noble

LONDON (Dow Jones)--Oil and gas explorer Melrose Resources PLC (MRS.LN) Friday said it made its third consecutive discovery offshore Bulgaria. Melrose said the gas discovery was at the Kavarna East No. 1 well in the Galata block. It estimates the discovery, which is near two other recent discove

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6 Jul 2010 16:00

UK SMALLCAP ROUNDUP:Rockhopper Exploration Chairman Builds Stake

Dow Jones smallcap news is now on Twitter, allowing you to catch up on the news away from your desk. Go to http://twitter.com/DJ_UK_Smallcaps ROCKHOPPER EXPLORATION PLC (RKH.LN), a Falkland Islands-focused oil and gas explorer, said Tuesday Executive Chairman Pierre Jungels bought another 23,35

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6 Jul 2010 12:30

UK SMALLCAP ROUNDUP: Rockhopper Exploration Chmn Builds Stake

Dow Jones smallcap news is now on Twitter, allowing you to catch up on the news away from your desk. Go to http://twitter.com/DJ_UK_Smallcaps ROCKHOPPER EXPLORATION PLC (RKH.LN), a Falkland Islands-focused oil and gas explorer, said Tuesday Executive Chairman Pierre Jungels bought another 23,35

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6 Jul 2010 09:55

Melrose Resources Seeks Buyer For Permian Basin Assets In US

LONDON (Dow Jones)--Oil and gas explorer Melrose Resources PLC (MRS.LN) Tuesday said it is seeking a buyer for its mature oil fields in Texas and New Mexico in order to focus on its projects in Europe and North Africa. Melrose said it has asked its advisers to sound out potential interest in its

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5 Jul 2010 14:51

Two Consortia To Drill In Romanian Black Sea Shelf

BUCHAREST (AFP)--Two consortia have obtained oil and gas drilling rights in an area of the Black Sea shelf won in 2009 by Romania, after a decades-old spat with Ukraine, the Agency for Mineral Resources, or ANRM, said Monday. The consortia, made up of Lukoil Overseas-Vanco International, and Mel

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11 Jun 2010 16:40

C&W Communications bosses buy

Two executive directors of Cable & Wireless Communications have taken advantage of the shares going ex-dividend on Wednesday and added to their shareholdings. The final dividend payment of 3.34p a share is the first dividend since Cable & Wireless Worldwide was spun off. Chief executive Tony Ric

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9 Jun 2010 17:42

FTSE Review: Essar Energy, African Barrick To Join FTSE100

LONDON (Dow Jones)--FTSE Group said Wednesday African Barrick Gold PLC (ABG.LN) and Essar Energy PLC (ESSR.LN) are to join the FTSE 100, and Thomas Cook Group (TCG.LN) and London Stock Exchange Group (LSE.LN) will leave the index and join the FTSE 250 Index. MAIN FACTS: -The changes are part

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19 May 2010 11:20

Small caps round-up: Chaucer, Ricardo, Trafficmaster...

Underwriter Chaucer has reported a 3% dip in first quarter total gross written premium income to £250.1m, which KBC Peel Hunt said shows discipline. "Despite a high level of losses to the Chilean and Deepwater catastrophes in Q1, the tone of Chaucer's IMS is positive," said the broker. "The group i

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19 May 2010 10:29

Small caps round-up: Impax, Liberty, Petards

Impax, the investment manager focused on environmental sector, saw its assets under management rise by 40% in the six months to March 31 as markets improved. 'Evidence of improving macroeconomic conditions, particularly in the United States and in the Asia-Pacific region, has resulted in continued

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20 Apr 2010 12:54

FTSE 250 movers: Mixed day for commodity stocks

While it has been a busy day on the company news front in the FTSE 100, there has been little to move shares in the mid-cap index. Resource stocks are mixed, with oil group Wellstream and zinc and nickel miner Talvivaara vying for top spot, but oil and gas group Melrose Resources among the heaviest

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6 Apr 2010 14:31

FTSE 250 movers: Oil stocks advance

Oil group SOCO International has gushed higher after it said the second phase of development has begun on the Ca Ngu Vang oil and gas field, offshore Vietnam. The first well in the programme, CNV-6P-ST1, is expected to take around 60 days to drill. Oil-related stocks in general are boosted by stro

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24 Mar 2010 16:49

London close: Market unmoved by Budget

The blue-chip index finished marginally higher after a Budget that was light on bells and whistles While there was little in the Budget to excite anyone other than first-time buyers, cider drinkers and British occupants of Dominica, Grenada and Belize, the corporate news scene was busy, with half

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24 Mar 2010 14:42

London afternoon: Banks bounce after Budget

The Chancellor of the Exchequer has delivered his Budget speech and the net effect has been to leave the Footsie barely changed on the day. Banks seem to have been the major beneficiaries of the Chancellor's speech, with the absence of any bank bashing leading to firmer prices for part-nationalised

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24 Mar 2010 13:23

FTSE 250 movers: Bellway builds gains

Bellway leads the risers. The housebuilder upped its dividend by 10% after moving back into profit in the half year to January 31. Pre-tax profits during the six month period totalled £19m, up from a loss of £48.6m. Turnover climbed to £360.8m from £320.2m, as falling house prices attracted new buy

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24 Mar 2010 08:31

Melrose profit slumps 78%

Oil and gas explorer Melrose Resources reported a 78% decline in annual pre-tax profit, hurt by a drop in commodity prices, but believes 2010 will be a year of significant growth. Profit before tax of fell to $30.9m for the year ended 31 December 2009 from $143.3m in 2008. Turnover fell to $224m fr

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