Primary Health Share News (PHP)

"Mitie's halfway report is significantly more cheerful than other updates from its rivals," writes the Tempus column in the Times. The column notes that Mitie reported organic growth of 5.1% in the first half, surpassing estimates of 4.3% from house-broker UBS. "Its strategy is to offer an ever wider range of services to the same clients, in particular in energy management, where the group claims to be able to save them about half their total spending." However, while Tempus believes that the firm will continue to be one of the best performers in the outsourcing sector, the shares are trading on almost 11 times' prospective earnings. As such, the stock is given a hold rating.Primary Health Properties, the real estate investment trust which builds and manages doctors' surgeries and pharmacies, has been marked out as a buy by the Telegraph's Questor column. "The shares are trading on a high earnings multiple for good reason - the visibility of revenues. In the current year it is 18.2, falling to 17.2 in the year to December 2012....The view remains the same, buy for the yield," the column said.Europe-focused media group Mecom announced yesterday that it is in discussions to sell its Norwegian division Edda Media. The Times' Tempus column says that if it can be sold for £175m, it looks like a "compelling deal" as it would be disposing of a business that is worth more than the Mecom's total market cap (before yesterday's 16% jump), but which only accounts for a fifth of annual revenues. "The balance sheet is already strong and a sale of the Norwegian assets would bring borrowings down further. Yesterday's statement makes it clear there is more than one potential buyer, most likely three, which should augur well for whatever price finally emerges," Tempus says. The column notes that shares are still recovering from the aftermath of a profit warning last month and while now is not the time to pile into media stocks, "Mecom's strengths eventually should become more obvious."BCPlease 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.