Tomkins could yet prove to be a good recovery play. And if the shares drift back down to more realistic levels over the coming weeks we would be more interested. The next couple of quarters will be the crucial ones, but at the moment these shares have gone far enough. Cash in and sell says the Independent.Yesterday's coincidental announcement from Ford that it plans to produce 570,000 vehicles in the last three months of 2009 ? up by one third from its levels of earlier this year ?served to heighten enthusiasm for Tomkins. The only problem is that, at 190p, or 19 times the best guess of next year's earnings, the shares, which yield 3%, are now up with events. Look to buy lower down agrees the Times.Much was made of Thursday's acknowledgement by Thomas Cook that it will miss the 2010 profit target that it set in the wake of its tie-up with MyTravel two years ago. The shares fell by 5% but, in truth, the admission was no more than a statement of the obvious. The overhang created by Arcandor, its biggest backer ? under which 44% of the equity is held as collateral by creditor banks ? will place a short-term drag on the shares. Even so, at 219p, or eight times next year's earnings, and yielding 5%, hold on says the Times.Greencore, the sandwich-maker, which supplies ready-meals, salads and bottled water to the UK's biggest supermarkets, yesterday unveiled a tasty set of numbers yesterday. Some City analysts upgraded Greencore on the numbers. The shares trade on a forward 2010 price-to-earnings ratio of 9. Buy says the Independent.Primary Health Properties is one of the largest providers of primary healthcare properties in the UK. It builds and owns GP surgeries, pharmacies and other medical facilities across the country and one of the safest dividends around says the Telegraph. The group does not have significant debt to refinance until 2013. The company raised £3.3m in March at 220p a share, so it looks fully funded for its current plans. The shares, which are trading on a December 2009 earnings multiple of 14.8 times, remain a buy for the dividend says the Telegraph.Standard Chartered escaped the worst of the financial collapse because it had focused on more traditional banking in markets where savings is still regarded as important. Indeed, because of the lack of a welfare state net in these countries, saving is essential. The shares are currently trading on a December 2009 earnings multiple of 13.8 times and yielding 2.8%, buy says the Telegraph.Mobile computing group Psion has a strong market position, it is world number three behind Motorola and Intermec of America, and has a radically lowered cost base from which to benefit from a cyclical recovery in demand. At 72p, or ten times next year's earnings, and yielding 5%, buy says the Times.Psion believes there are 10,000 "micro niches" where its products can provide value. The shares trade on 5.1 times estimated earnings for the full year, almost a third less than its peers, according to broker FinnCap, with a yield of 5.3%. There is value to be had if the plans work, but it is early to call a recovery. So hold for now says the Independent.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.
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