Less Ads, More Data, More Tools Register for FREE

Pin to quick picksPAP.L Share News (PAP)

  • There is currently no data for PAP

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

Wednesday tips round-up: Prudential, Drax, Britvic

Wed, 19th May 2010 06:45

If you can't afford the rights - or are unwilling to stump up the cash - the Telegraph thinks it is best to sell all of your Prudential holding alongside your rights, rather than be diluted out of the dividend and earnings to this extent. Sell up and walk away. Hopefully investors who do this will not have to crystalise significant losses, unless the shares were bought near the peak in 2000. If you can afford to take up your rights then you should do so. Mr Thiam's Asian adventure has a lot of risk associated with it - but if he manages to pull it off, growth should be impressive the paper suggests.Drax argues its argues that the share price is held to ransom by the "dark green spread", which is related to power prices. There may be investors that think it's a bargain, and it is certainly true that the shares are inexpensive at their current value. The group is also doing interesting work with biomass power. This will take some time to come online, however, and for now avoid says the Independent.Shareholders in Britvic will be hoping that its latest purchase will prove better than its last. But the share price reaction to the €237m takeover of France's Fruité suggests that investors are willing to give Britvic the benefit of the doubt. At 458¾p, or 13 times earnings, Britvic's shares trade at a discount to its sector and provide a 4.1% dividend yield ? not dear given forecast earnings growth of more than 20% this year. Hold says the Times.SSL, which also owns the Scholl footcare brand, reported headline sales up 25% to £803m. However, when currency movements and acquisitions were stripped out, underlying sales advanced by less than 2%. SSL is virtually debt-free but at 818½p, down 6½p, the shares trade at 21 times current-year earnings and offer a negligible 1.3% dividend yield. Pass says the Times.The Independent says question is whether SSL's premium is justified and says given the uncertain economic picture, and increasingly volatile market backdrop, it is. SSL's products are unlikely to go out of fashion anytime soon. Buy.Schools software group RM is operating in an excellent global market and the shares look undervalued, but uncertainty over education budgets will limit gains. Still, supported by the 3.6% yield, buy says the Telegraph.Range Resource's assets in Somalia could be highly lucrative and shareholders would have a day to remember if the project holds as much oil as the company hopes. The market is yet to price in the project. Buy says the Independent.Bookmaker Paddy Power continues to benefit from its heavy investment in "specials" but it is its aggressive online strategy in international markets that will drive its growth and dilute any negative impact from the threat of an online betting tax in its home market. At €26, or 13 times earnings, buy 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.
More News
19 Nov 2010 16:45

Paddy Power non-exec sells stake

Paddy Power non-executive director Brody Sweeney has sold all his shares in the Irish bookie. He sold 5,550 shares at €28.845 (3,403.71p) each, raising just over £135,000. The sale follows the company's trading statement earlier this week. Sweeney is the founder of O'Brien's Irish Sandwich Bars

Read more
17 Nov 2010 13:27

Paddy Power to create more jobs

Irish bookmaker Paddy Power has offered a crumb of comfort for Ireland's ailing economy with the creation of 500 new jobs there. This will increase Paddy Power's employment base in the country to 2,210 jobs, while an expansion in the UK retail network will result in the creation of 810 new jobs. It

Read more
18 May 2010 14:04

Small caps: Paddy Power, Avis Europe, Plexus...

Irish bookie Paddy Power says 2010 has seen very strong revenue performance in online (total gross win (ex Australia) +32%) and good bet volume growth across all channels. "Following a run of adverse sporting results in 2009 the group's sportsbook gross win percentages have returned to normal expe

Read more
2 Mar 2010 17:07

London close: Insurers left behind

A firm start on Wall Street gave fresh heart to UK equities, with financial stocks to the fore, with the notable exception of insurers. Ahead of results tomorrow Standard Chartered was wanted in a buoyant banking sector while elsewhere in the financial sector property groups such as SEGRO and Hamme

Read more
2 Mar 2010 14:13

London afternoon: Footsie consolidates gains

Leading shares consolidated gains over the lunchtime session though it remains a bad day to be invested in the insurance sector. Insurer Prudential is under the cosh again as investors bale out ahead of an expected monster cash call to finance the group's acquisition of AIG's Asian assets. RSA In

Read more
2 Mar 2010 12:08

London midday: Banks bounce back

Although base metal miners have reversed course and are now heading south the FTSE 100 index has added to early gains, helped by a surge in interest in banking shares. Ahead of results tomorrow Standard Chartered is leading the banking sector higher. Part-nationalised lenders Royal Bank of Scotland

Read more
2 Mar 2010 08:40

London open: Steady start for Footsie

Footsie has edge higher in early dealings following a strong showing from Wall Street yesterday. After recent slew of results from the Footsie heavyweights it is the mid-caps day Persimmon completed 8,976 house sales last year and the housebuilder has seen a 7% increase in sales and steady prices s

Read more
2 Mar 2010 07:37

London pre-open: Footsie to edge up

Footsie is expected to edge higher in early dealings following a strong showing from Wall Street yesterday. Persimmon completed 8,976 house sales last year and the housebuilder has seen a 7% increase in sales and steady prices since the start of this year. The number of legal completions was down 1

Read more
2 Mar 2010 07:06

Results starting to turn for Paddy Power

Irish bookmaker Paddy Power's results last year reflected how well the punters did with profits lower despite revenues rising slightly. The bookie says things are more even this year, despite the bad weather hitting the number of events. Profits in 2009 fell 18% to €67.2m including one-offs, despit

Read more
30 Dec 2009 08:37

Wednesday newspaper round-up: Banks, Goldman Sachs, Paddy Power

Britain's banking system is to be investigated by a cross-party group of senior MPs which plans to draw up proposals to put the wider interests of society at the heart of a reformed banking sector. The Future of Banking Commission is to include John McFall, Labour chairman of the Commons Treasury S

Read more
12 Nov 2009 08:48

Paddy Power lifts sales, creates jobs

Bookmaker Paddy Power said it is confident of meeting consensus estimates of earnings per share of 113 cents for 2009 after seeing strong turnover growth since July 1 and announced a deal which could create 250 jobs in Ireland. The firm said it was reaping the benefits of new store openings in the

Read more
27 Aug 2009 05:55

Thursday tips round-up: Tullow, Antofagasta, Costain

Tullow Oil claims 741 million barrels in proven and probable reserves. Adding a very conservative 200 million for the extra potential in Ghana and Uganda gives one billion barrels, which the stock market is currently valuing at $14.5 per barrel. About right, given the Africa risk, but if Tullow does

Read more
26 Aug 2009 16:27

London close: Footsie runs out of steam

Wall Street's inability to hold onto new home sale-inspired gains was the final nail in the coffin for London, bringing to an end a six-day winning streak. Much of the blame lay with the UK-listed miners who hogged the list of largest losers on weaker metal prices. Antofagasta was among the worst

Read more
26 Aug 2009 14:32

London afternoon: RBS buoyed by pension moves

Equity prices are mixed with a lower bias. The Footsie continues to drift lower, weighed down by underperforming resource stocks. Pre-tax profits plunged at Tullow in the first half of the year as the firm felt the pinch of the slide in oil prices. The oil company posted a pre-tax profit of £34.

Read more

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.