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Sunday share tips: Tesco, Next, Ideagen

Mon, 17th Mar 2014 07:01

Sell shares of Tesco, the Sunday Telegraph's Questor column advised. Britain's biggest retailer's market share is large at 28.7% but it is falling. Tesco has not yet cut prices in its attempts to revive its fortunes. WM Morrison has promised to cut prices and Tesco could follow but, along with planned store refurbishments, price cuts would reduce earnings cover and increase questions about Tesco's dividend. Tesco shares have fallen 15% since Questor said to sell them in early October. With no change in the basic questions facing Tesco, the advice stands.Don't expect big returns if you invest in Next shares, Danny Fortson argued in the Sunday Times. In his Inside the City column, Fortson said Next's market value of £10bn, boosted by share buybacks, looked "a bit toppy". Next succeeds while rivals such as Debenhams flounder because it has good products and services, particularly online. It is also highly profitable with margins of almost 19%. Opening bigger stores gives more room for newer lines such as home and garden. This is all good stuff but the shares are for those "happy with a more modest increase in underlying value".Buy shares of Aim-listed Ideagen and watch them grow, the Mail on Sunday's Midas column said. Hospitals and GP surgeries need to go digital, and individual health trusts are buying their own IT instead of the Government attempting to centralise systems. Ideagen's products let trusts and GPs get to their patients' records easily. The company is expected to unveil two new contracts soon. In the year to April 2013 revenue was £6.5m and profit was £1.9m. Chief Executive David Hornsby aims to supply half England's 200 NHS trusts, creating turnover of up to £50m. Supporters of Ideagen think the shares will triple to £1 over the next few years.Shareholders should stick with shares of small-cap van hire group Northgate, Questor said in the Sunday Telegraph. Since Questor tipped the shares on December 4th they have gained 24% and last week's trading statement showed the business doing well. Northgate's fortunes are strongly linked to the UK and Spanish economies. After a restructuring, the company is targeting the booming London market and the UK van fleet is up 9% on a year ago. Spanish trading has been tough but vehicle falls have stabilised. The shares' forecast price-earnings ratio of 14.9 is about right.Steer well clear of PV Crystalox Solar, Danny Fortson warned in the Sunday Times. Things have got worse since the solar panel maker appeared in Fortson's Inside the City column 18 months ago. PV's problem was a flood of cheapo panels from China that forced other European solar companies to go bust. The European Union has stepped in to deter Chinese dumping of cheap panels but governments are slashing solar subsidies anyway. Fortson questions how long the company can survive. There is an opportunity to profit from the difference between PV's market value and its wind-up value but the company has not communicated clearly enough.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.SF
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28 Jun 2011 08:44

PV Crystalox wilting in the sun

PV Crystalox Solar, the struggling solar power wafers manufacturer, is warning it could make an operating loss in the second half of 2011. The problem, the company says, is the dramatic drop in photovoltaic (PV) installations in Germany in the first half of this year. It says its biggest market re

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17 Mar 2011 12:40

Japan nuke fears aid solar firms, dumps uranium plays

The ongoing crisis at the Fukushima Daiichi nuclear plant in Japan has been a disaster for uranium-related stocks, but a welcome boost for alternative energy companies as opposition to nuclear grows. Should there be a catastrophic accident at Fukushima Daiichi, calls for nuclear power to be scrappe

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20 Dec 2010 14:42

Sector movers: Telecoms stocks surge ahead

The fixed line telecommunications sector is performing well with BT leading the charge, seeing shares rise 2.69% Monday afternoon. KCOM Group, Cable & Wireless Worldwide and TalkTalk are also among the top performers in the sector. Alternative energy is lower with solar wafers supplier PV Crystalo

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19 Nov 2010 14:06

Improving demand for PV Crystalox

Solar wafers supplier PV Cyrstalox Solar says that there are signs of a strengthening in demand for its wafers. Shipment volumes of wafers are expected to be 350MW for the full year, against earlier estimates of 320MW-340MW. This has enabled PV Crystalox to operate at full capacity in the second h

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27 Jul 2010 13:25

Broker tips: Halfords, Games Workshop, PV Crystalox

Charles Stanley is leaving its full year earnings estimates for Halfords unchanged, despite the sluggish start to the new financial year made by the bike and car parts retailer. "Halfords' Q1 [first quarter] trading update was slightly weaker than expected at the sales level, but full year PBT [pro

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27 Jul 2010 13:13

Broker snap: Solar preferred to wind power

Ahead of the results season for the renewable energy sector Nomura Securities has topped the solar sector to shine brightest. "We expect a strong Q2 [second quarter] in the solar sector, while the US market weakness is set to continue to affect Q2 in the wind sector. Europe will make up some of the

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29 Jun 2010 08:35

UK MARKET TALK ROUNDUP: SHARES GAINING

Stocks on the rise in the UK today. Compiled by Dow Jones Newswires Markets Desk, markets.eu@dowjones.com Contact us in London. +44-20-7842-9464 Markettalk.eu@dowjones.com 0735 GMT [Dow Jones] JPMorgan Cazenove upgrades PV Crystalox (PVCS.LN) to overweight from neutral. Says the stock is its t

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29 Jun 2010 08:35

MARKET TALK: JPMorgan Raises PV Crystalox To Overweight

0735 GMT [Dow Jones] JPMorgan Cazenove upgrades PV Crystalox (PVCS.LN) to overweight from neutral. Says the stock is its top pick in the sector, due to its net cash position, low valuation and relatively low exposure to Germany. In general for the European solar sector, thinks the worst is priced in

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28 Jun 2010 07:16

UK MARKET TALK ROUNDUP: BROKERS COMMENTS

Broker comments in the UK today. Compiled by Dow Jones Newswires Markets Desk, markets.eu@dowjones.com Contact us in London. +44-20-7842-9464 Markettalk.eu@dowjones.com 0616 GMT [Dow Jones] Goldman Sachs downgrades ReneSola (SOLA.LN) and PV Crystalox Solar (PVCS.LN) to sell from neutral, given

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28 Jun 2010 07:16

MARKET TALK: Goldman Downgrades ReneSola, PV Crystalox To Sell

0616 GMT [Dow Jones] Goldman Sachs downgrades ReneSola (SOLA.LN) and PV Crystalox Solar (PVCS.LN) to sell from neutral, given their relative potential downside versus the rest of the brokerage's coverage. Adds that European manufacturers of wafers, cells and modules remain hindered by structurally h

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19 May 2010 16:36

London close: Eurozone worries batter Footsie

European concerns were behind sharp falls in shares today as plans by Germany to slap a ban on short-selling of European bonds, credit default swaps and ten of Germany's biggest financial groups spooked investors. German chancellor Angela Merkel's warning that Europe is facing its greatest crisis i

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19 May 2010 14:13

London afternoon: Experian provides isolated cheer

Leading shares trimmed their losses over the lunchtime session but the predominant colour on the Footsie leaderboard remains red. Mining companies lead the retreat on fears that Germany's decision to impose an immediate ban on "naked short selling" of euro-denominated government bonds and also cred

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19 May 2010 12:20

London midday: Markets on short fuse

Water utility company Severn Trent was the only FTSE 100 constituent to advance during the morning session, as all of the others ended the morning underwater. If the move by Germany's financial regulator to impose an immediate ban on "naked short selling" of corporate debt last night was intended t

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19 May 2010 11:13

Sector movers: Alternative energy bucks the downward trend

Alternative energy is the only sector posting gains today, helped by a well-received trading statement from PV Crystalox Solar, the company that makes the silicon wafers used in solar power systems, as demand for its products improve. The company said shipment volumes for the first half of 2010 are

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19 May 2010 11:12

PV Crystalox edges guidance higher

The outlook is sunnier for PV Crystalox Solar, the company that makes the silicon wafers used in solar power systems, as demand for its products improve. The company said shipment volumes for the first half of 2010 are expected to be in the range of 155-160 megawatts (mw), an upgrade on the guidanc

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