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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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23 Apr 2013 16:26

Wessex Exploration directors keep the faith

Three directors at Wessex Exploration have demonstrated their support for the oil and gas group after it said no hydrocarbons were found at the GM-ES-3 well in French Guiana. Drilling activities have been terminated and the well is being plugged and abandoned, the firm said. The biggest purchase

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12 Apr 2013 07:25

Friday broker round-up UPDATE

Aggreko: Panmure Gordon raises target price fro, 1727p to 2106p and upgrades from hold to buy. Alternative Networks: Westhouse Securities moves target price from 280p to 295p and reiterates a neutral rating. Investec raises target price from 330p to 350p maintaining a buy recommendation. Finncap in

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11 Apr 2013 07:21

Thursday broker round-up UPDATE

African Minerals: Deutsche Bank reduces target price from 594p to 586p keeping a buy recommendation. Investec cuts target price from 438p to 411p, while its buy recommendation remains unchanged. Associated British Foods: Societe Generale increases target price from 1820p to 1900p, while downgrading

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3 Feb 2013 18:43

Sunday share tips: ARM Holdings, Northbridge, GB Group

Everyone calm down. That seems to be the message from analysts who follow Britain's greatest tech success story, ARM Holdings. When you consider that over the last three months of 2012 alone an estimated 219m smartphones were sold, and that ARM powers about 90% of the market, the 1% and 3% royalties

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27 Jan 2012 10:33

Northbridge may take loss on underperforming rental assets

Northbridge Industrial Services, the industrial services and rental company, is to make an impairment charge after realising that some of its rental assets are not being used as much as was expected. The company says the generators, transformers and ancillary equipment it bought to supply the Jaba

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29 Sep 2011 15:58

Northbridge share holders unimpressed by strong results

Northbridge Industrial Services, which hires and sells specialist industrial equipment, saw its share price drop despite posting strong half year to date results. Indeed, the group is so confident in its progress that it is now actively seeking possible acquisitions. Eric Hook, chief executive

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30 Mar 2011 17:09

Northbridge seeing growth in most sectors

Northbridge Industrial Services has got off to a good start to 2011 with the recent acquisition, Tasman Oil Tools, performing well. Consolidated group revenue in 2010 surged to £19.3m from £12.7m the year before while pre-tax profits jumped to £3.7m from £2.2m. Tasman contributed £3.7m to sales. T

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29 Sep 2010 13:47

Small caps round-up: Andrews Sykes, Northbridge, Sceptre...

Air conditioning unit hirer Andrews Sykes lifted profits to £7.11m, from £6.5m, in the half year to June, despite sales weakening a little to £27.6m. Overall, the board is cautiously anticipating a reasonable performance for the rest of 2010, it added. India-focused investment group EIH increased n

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30 Jul 2010 11:34

Northbridge Ind Serv Completion Of Acquisition

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30 Jun 2010 16:00

UK SMALLCAP ROUNDUP: Resaca Exploration Shelves Share Sale

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 RESACA EXPLOITATION INC. (RSOX.LN), an oil and gas company, said Wednesday it postponed a planned share issue due to market conditions. Resaca planne

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30 Jun 2010 12:30

UK SMALLCAP ROUNDUP: HMV Strategy On Track Amid Record Sales

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30 Jun 2010 09:30

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30 Jun 2010 07:27

Northbridge Industrial Raises GBP7M For Tasman Oil Tools Buy

LONDON (Dow Jones)--Industrial services and rental company Northbridge Industrial Services PLC (NBI.LN) Wednesday said it has conditionally raised GBP7 million to help fund the acquisition of Perth-based rental equipment firm Tasman Oil Tools Pty. Ltd. for A$16.9 million. Chief Executive Eric Ho

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