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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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11 Jun 2014 15:50

Numis Chief reduces stake with sale of 3m shares

Oliver Hemsley, the Chief Executive Officer of Numis, has traded in three million shares, reducing his stake by almost a quarter to 9.4m. The 270p-a-share disposal generated £8.1m. The sale comes around one month after the group posted a 59% jump in first half revenue at £51.5m. Adjusted pre-t

11 Jun 2014 11:05

DIRECTOR DEALINGS: Northbridge Industrial Services Chairman Buys

LONDON (Alliance News) - Northbridge Industrial Services PLC Wednesday said Non-Executive Chairman Peter Harris bought 12,949 shares at a price of 496.50 pence each on Tuesday. Harris now holds a total of 1.1 million shares in the company, representing a 6.32% stake. Shares the compan

29 May 2014 10:28

Northbridge Industrial Still Optimistic On 2014 Outlook

LONDON (Alliance News) - Northbridge Industrial Services PLC Thursday said it still expects its 2014 results to be in line with its own expectations, after its sales and rental operations both contributed to a strong first quarter. "We are pleased with the group's progress so far this year

28 Apr 2014 15:52

Quindell board members stock up

Software and technology outsourcing group Quindell on Monday announced share purchases by three of its board members following its decision to start legal proceedings against a short-seller at the end of last week. Rob Terry, the firm's founder and Executive Chairman, bought a stake worth £95,000

28 Apr 2014 10:44

DIRECTOR DEALINGS: Northbridge Industrial Non-Executive Sells Shares

LONDON (Alliance News) - Northbridge Industrial Services PLC Monday said Western Selection PLC, a company that non-executive Director David Marshall is Chairman of, sold 125,000 shares at a price of 455 pence per share Thursday. Following this transaction, Western Selection holds 1.9 millio

10 Apr 2014 14:56

DIRECTOR DEALINGS: Northbridge Industrial Services CEO Exercises Options

LONDON (Alliance News) - Northbridge Industrial Services PLC Thursday said that Chief Executive Officer Erik Hook exercised 40,000 options at a price of 100.64 pence. Hook now owns 340,000 shares, representing a 1.96% shareholding in the company. Shares in the industrial services and

8 Apr 2014 11:20

Northbridge Industrial Services Pretax Profit Increases On Improved Sales

LONDON (Alliance News) - Northbridge Industrial Services PLC Tuesday said its pretax profit increased in 2013 and it expects continued growth in 2014 as higher sales helped the company. The industrial services and rental company said its pretax profit increased 35% to GBP6.6 million from GB

6 Feb 2014 10:14

Northbridge Industrial Services Says 2013 In Line With Expectations

LONDON (Alliance News) - Industrial services and rental company Northbridge Industrial Services PLC Thursday said it expects its results for the full year ended December 31, 2013 to be in line with management expectations. In a pre-close trading update the company said trading during the se

6 Feb 2014 09:23

Thursday broker round-up UPDATE

ARM Holdings: HSBC reduces target price from 1120p to 1080p and stays with its overweight rating. Avon Rubber: WH Ireland raises target price from 650p to 765p and stays with its buy recommendation. Balfour Beatty: Liberum Capital ups target price from 300p to 350p retaining its buy recommendation

6 Feb 2014 08:32

UK MORNING BRIEFING: Vodafone Gains, AstraZeneca Falls At Open

LONDON (Alliance News) - Vodafone has delivered results in line with expectations Thursday morning, helping to give UK share a positive start. Vodafone is up 1.4%.

Meanwhile, AstraZeneca has opened down 2.1% after reporting lower revenue and profit

6 Feb 2014 08:31

UK MORNING BRIEFING:

15 Nov 2013 10:05

Northbridge Industrial Acquires Assets Of Abu Dhabi Oilfield Rental Firm

15 Nov 2013 07:53

AIM IN BRIEF: Quindell And ValiRx Placings; Noricum Gold Positive Results

2 Oct 2013 08:02

Wednesday broker round-up UPDATE

Advanced Medical Solutions: N+1 Singer shifts target price from 84p to 90p and upgrades from sell to hold. Afren: Nomura lowers target price from 180p to 170p and retains a neutral rating. Aveva: Panmure Gordon raises target price from 2174p to 2374p and keeps a hold recommendation. Barclays: Soc

13 Sep 2013 10:01

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Thursday tips round-up: Prudential, Northbridge, FirstGroup

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