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Thursday tips round-up: Prudential, Northbridge, FirstGroup

Thu, 12th May 2011 06:54

It's not often a company says it wants to slow down a booming business but that's what Prudential said about its US Jackson Life operation yesterday. Prudential remains a great long-run investment in Asia's economic and demographic strengths but for those with a shorter horizon the US may prove something of a distraction. That may hold back the shares, we think. So, while this still a great story, it's not one that we would buy into right now. Hold, says the Independent.Northbridge Industrial Services is a holding company, one of its main subsidiaries being Crestchic. The latter designs, makes, sells and hires "load bank" equipment, which is used for the commissioning and maintenance of independent power sources. Northbridge's shares responded positively to 2010 results and prospective investors might be advised to stand back and see if the summer brings a period of consolidation, but this is definitely a company on which to keep an eye. Hold, says the Scotsman.FirstGroup is keen to emphasise that four out of five of its businesses performed in line with or significantly better than expectations. This is a bit like saying that four out of five trains ran on time. it is the performance of FirstGroup's First Student business in America, where it operates those iconic yellow buses for schools, that continues to be the real concern. The earnings multiple, about 8½ times this year's profits, looks attractive but the uncertainties look set to remain, says the Times.However, the Independent says any signs that a recovery plan at First Student business is working could prove a major catalyst to FirstGroup's shares and has a buy rating on the stock.Marshalls makes paving and other street furniture. Revenues for the first four months of the year were 10% higher at £113m, public sector and commercial ahead by 17% and domestic 7% against the previous year. The shares change hands on a hefty 23 times next year's earnings and it may be a while before profits recover to a level that would justify that rating. Still, there is the support of a 4.3% dividend yield to be going on with, says the Times.Bovis and Barratt Developments reported results yesterday, painting a fairly optimistic picture for the housing industry, with forecasts that sales would pick up throughout the year. Bovis reported a higher average private sales rate, and a strong land bank which bodes well for the future. Yet the housing market continues to operate "well below historical activity levels", according to management.Robin Hardy, an analyst at Peel Hunt, values the stock at 23 times forward earnings for 2012, which he says is "far higher" than that of the larger house builders". Hold, says the Independent.---RGPlease 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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LONDON (Alliance News) - Northbridge Industrial Services PLC said Tuesday it should meet annual expectations with both units performing solidly.Recent trading has improved year-on-year, its

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5 Feb 2019 10:57

Northbridge revenues improve across core activities

(Sharecast News) - Industrial services and rental company Northbridge saw its trading performance continue to improve in the past year and now expects its full-year results to be in line with management expectations.

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27 Sep 2018 11:26

Northbridge Industrial Interim Loss Narrows On Improving Oil Market

LONDON (Alliance News) - Northbridge Industrial Services PLC on Thursday said that improving sentiment in the oil & gas market led to a narrowed interim pretax loss and outlook remains in line

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20 Jun 2018 10:52

Northbridge Industrial To Raise GBP2.5 Million Via Share Placing (ALLISS)

LONDON (Alliance News) - Northbridge Industrial Services PLC said Wednesday that it intends to raise GBP2.5 million through a placing of 2 million shares at a price of 125 pence per in industrial

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24 May 2018 16:10

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9 Feb 2017 15:52

Northbridge trades in line, though suffers from weak sterling

(ShareCast News) - Industrial services and rental company Northbridge issued a pre-close trading statement on Thursday, in advance of its preliminary results announcement for the year ended 31 December, scheduled to be released during the week of 24 April. The AIM-traded company said recent trading

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9 Feb 2017 08:13

Northbridge Industrial Sees 2016 Results Broadly In Line

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29 Sep 2016 11:07

Northbridge shares surge despite difficult first half

(ShareCast News) - Industrial services and rental company Northbridge announced its unaudited interim results for the six months to 30 June on Thursday, with positive cash generation from operations falling to £1.7m from £3.3m in the first half of 2015. The AIM-traded firm reported group revenue 36%

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1 Aug 2016 11:44

Northbridge sees no upturn from oil clients in second half

(ShareCast News) - Northbridge Industrial Services admitted trading conditions in its client markets had "worsened slightly" during the second quarter but that the recent collapse of sterling would enable a sizeable reduction in its debts. The AIM-listed industrial services and rental company said i

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26 May 2016 12:12

Northbridge's short-term trading visibility challenging

(ShareCast News) - Northbridge Industrial Services warns its short-term trading visibility remains challenging, noting oil and gas industry sentiment and weak activity levels. The company, whose business model was focused primarily towards rental of equipment, said despite continuing trading losses,

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26 May 2016 07:58

Northbridge Industrial Services Seeing No Improvement In Oil Industry

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19 May 2016 15:03

AGM, EGM Calendar - Week Ahead

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18 Apr 2016 16:20

DIRECTOR DEALINGS SUMMARY: Northbridge Directors Subscribe For Shares

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18 Apr 2016 15:40

Northbridge to raise more than £5m in placing and open offer

(ShareCast News) - Northbridge Industrial Services was looking to shore up its funds on Monday, announcing a proposed placing of ordinary shares to raise between £4m and £4.5m. The AIM-traded company said that, in addition, a further £1.1m was expected to be raised through an underwritten open offer

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18 Apr 2016 14:37

UPDATE: Northbridge Industrial Completes Board-Backed Fundraising (ALLISS)

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