Less Ads, More Data, More Tools Register for FREE

Pin to quick picksNUM.L Share News (NUM)

  • There is currently no data for NUM

Thursday tips round-up: Sage, Prudential, Babcock

Thu, 03rd Dec 2009 06:17
The virtues of Sage ? a strong base of recurring revenues and tight management of costs ? remain intact. The pressure on sales is also likely to ease from here. However, at 221p, or 11 times current year forecasts, and yielding 3.5 per cent, their shares require something more than resilience if they are to outperform, says the Times.Shares in Prudential were recommended on February 24 at 288¾p and are now up 123pc compared with a market up 35pc. Shares in insurance companies are highly exposed to movements in the stock market, so the Telegraph's Questor feels that now would be a good time to take these profits.Babcock provides support services to the UK military and other organisations requiring its engineering expertise. It specialises in nuclear support services, railway infrastructure work and engineering for power transmission and oil pipelines. Babcock shares have presented a nice profit in a few short months so the Telegraph's Questor would like to bank these to reduce support services exposure.Numis looks extraordinarily expensive on conventional measures of value: its shares trade at 75 times the best guess of current-year earnings, against 17 times for Evolution and 12 times for Collins Stewart. That steep multiple elicited an "avoid" recommendation from the Times column in May, since when the shares have risen 18 per cent. An anticipated revival of IPO and merger and acquisition activity in 2010 is likely to send them higher still. Even so, at 171½p, up 10p, there should be better times to buy, according to the Times.The Independent says that while investors could do very well from Numis in the next year, it would wait for another positive update on trading. Hold.Staffline remains a small player, but the City expects it to make improved, adjusted pre-tax profits for 2009 of £3.5m. Partly as it operates in the recruitment sector, which has been badly buffeted by the recession, Staffline's shares now trade on a cheap 2010 price-to-earnings ratio of just five times Buy, says the Independent.Huntsworth, the marketing services agency, yesterday announced the $33m purchase of Dutko, the US lobbying group based in Washington. The attraction is that the deal is reasonably priced (at six times historic profits) and should enhance current-year earnings by 6 per cent. Payment in shares, a deferred consideration of £7 million pegged on future profitability, and the 9 per cent stake in Huntsworth taken by Dutko's vendors also suggest the pitfalls of similar US deals should be neatly avoided. At 65¾p, or less than eight times 2010 earnings, and yielding 4.3 per cent, buy, says the Times.The Telegraph's Questor really likes the Aggreko business - and it will be very successful over the longer term. However, Questor feels that the valuation is pretty full rights now. The shares were recommended on January 20 at 406½p and they are up 89pc compared with a market up 30pc. Now seems like a good time to take profits.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.

Related News

IN BRIEF: Babcock International issues GBP250 million 5-year bonds
21 hours ago

IN BRIEF: Babcock International issues GBP250 million 5-year bonds

Babcock International Group PLC - London-based aerospace, defence and nuclear engineering - Announces the issue of GBP250 million of five-year bonds c...

LONDON MARKET CLOSE: Vodafone lifts FTSE 100 as easyJet backs new bid
1 day ago

LONDON MARKET CLOSE: Vodafone lifts FTSE 100 as easyJet backs new bid

(Alliance News) - The FTSE 100 closed higher on Friday in calmer trading, boosted by double-digit gains from telecommunications firm Vodafone.

WINNERS & LOSERS: Vodafone and easyJet jump on deal activity
1 day ago

WINNERS & LOSERS: Vodafone and easyJet jump on deal activity

(Alliance News) - The following are the leading risers and fallers among FTSE 100 and 250 index constituents on Friday.

NUM.L News

Deutsche Bank completes Numis takeover to create new investment brand
13 Oct 2023

Deutsche Bank completes Numis takeover to create new investment brand

(Alliance News) - Numis Corp PLC shares were suspended on Friday morning upon completion of its acquisition by Deutsche Bank AG, to create new investm...

Numis takeover by Deutsche Bank sanctioned by court
11 Oct 2023

Numis takeover by Deutsche Bank sanctioned by court

(Alliance News) - Numis Corp on Wednesday said that the court has sanctioned the scheme for its GBP410 million takeover by Deutsche Bank AG.

Numis reports weaker quarter amid challenging market
5 Jul 2023

Numis reports weaker quarter amid challenging market

(Sharecast News) - Numis described a challenging market backdrop across the investment banking industry in an update on Wednesday.

Numis Corp notes deteriorating market backdrop across banking industry
5 Jul 2023

Numis Corp notes deteriorating market backdrop across banking industry

(Alliance News) - Numis Corp PLC on Wednesday said that revenue in the third financial quarter that ended on June 30 was below the first half-run rate...

IN BRIEF: Numis acquisition by Deutsche Bank approved by shareholders
21 Jun 2023

IN BRIEF: Numis acquisition by Deutsche Bank approved by shareholders

Numis Corp PLC - London-based investment bank - Says it will be acquired by Deutsche Bank AG, with the takeover being implemented by a court-sanctione...

IN BRIEF: accesso Technology agrees new USD40 million banking facility
30 May 2023

IN BRIEF: accesso Technology agrees new USD40 million banking facility

accesso Technology Group PLC - Berkshire, England-based provider of software for leisure, entertainment and cultural sectors - Agrees new USD40 millio...