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Sunday tips round-up: Serco, Balfour Beatty, N Brown

Sun, 06th Jul 2014 17:41

Serco is becoming a classic falling knife share, Questor said in The Sunday Telegraph. Its loss of the contract to run London's Docklands Light Railway caps a grim 12 months for the outsourcing group. The problem for Rupert Soames, the new Chief Executive, is that Serco is in danger of being locked into loss-making contracts for years as costs increase. The closer management looks into the company, the more problems it finds. Yet the shares are still not cheap despite downgrades. Steer well clear. If you like a risk and think Balfour Beatty shares have hit bottom, now is the time to buy, Danny Fortson wrote in The Sunday Times. Shares in the construction company have fallen by a third since March as it has published two public warnings since its annual results. The latest came on July 3rd when Balfour revealed problems at its engineering services arm. Most of its troublesome over-budget contracts run out soon and it is a big, diversified company. Things could get worse but the company is also vulnerable to a takeover with rumours of private equity interest. If investors are feeling lucky they may want to have a go, Fortson said. Shares of N Brown have fallen almost 30% this year and now offer good value, Midas said in The Mail on Sunday. Chief Executive Angela Spindler has been in post for a year and has cut the outsize clothing retailer's number of brands to three. She is also opening more stores because even if shoppers like to buy online they often want to try them in a shop first. Within a few years almost all her target customers will be within a 45-minute drive. She has accelerated N Brown's move into the US as part of a general injection of life. The Sunday Times's Danny Fortson thinks a rise in Hays' dividend is in the offing. The recruiter's annual profit is expected to be about £141m, around the level when it said it would increase the dividend. It would probably be a small rise and not all that soon but it's better than nothing, Fortson said in his Inside the City column. Quadrise Fuels' shares have jumped from 10p in October 2012 when Midas tipped them to 35.25p but The Mail on Sunday tipster thinks there is more to come. Its low-cost, greener fuel for the shipping and power industries could be revolutionary. Last week it revealed that tests with the world's biggest shipping firm, Maersk, had gone well. Those who bought the shares should sell a quarter of them to bank some profits and adventurous newcomers should take a punt.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 Aug 2012 15:10

Resources round-up: Quadrise Intl, Angel Mining, Solo Oil

Quadrise International, a manufacturer and supplier of emulsion fuels, has successfully developed an enhanced version of its MSAR fuel and has formed an agreement with Orlen Lietuva to proceed with the fuel manufacturing and assessment programme with the Mærsk test vessel. The results of the evaluat

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22 Aug 2012 08:24

Quadrise shares soar on Saudi Arabia agreement

Quadrise shares leapt by over half on Wednesday after the company, which produces a low-cost alternative to fuel oil, announced that its subsidiaries have signed a memorandum of agreement (MOA) with M/S Rafid Group ahead of contractual commitments for the application of Quadrise's MSAR technology an

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5 Jul 2012 09:41

Quadrise rises after announcing Nexidea tie-up

Quadrise Fuels International, a manufacturer and supplier of MSAR emulsion fuels, a low cost alternative to heavy fuel oil, has announced a tie up with consulting firm Nexidea. Nexidea specialises in the technical, commercial, and economic aspects of the downstream oil and power generation industri

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8 Jun 2012 11:36

Small caps round-up: Quadrise, Software Radio, Motive Television ...

Quadrise Fuels International, an emulsion fuels supplier, has admitted that during its first sea-borne assessment on a Mærsk container ship it was not possible to fully optimise engine performance, as the test configuration afforded limited scope for relevant 'in service' adjustments, but that the r

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15 Sep 2011 06:31

Thursday tips round-up: Millennium & Copthorne, Hargreaves Services, Quadrise

Millennium & Copthorne hasn't had the easiest of rides in recent weeks. A glance at the company's interim management statement in early August doesn't go very far in explaining the slump. The update showed that pre-tax profits in the second quarter were up more than 90%. The company's strengths - an

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4 Apr 2011 15:52

Brainspark chief executive takes shares

The chief executive of investment company Brainspark, Alfredo Villa, has spent £112,500 on shares in the company. He took 31,000 shares, paying 34.5p a share. Following the acquisition and the conversion of some other shares awarded to Villa into ordinary shares, he now has about 5.3m ordinary shar

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14 Jul 2010 11:51

Quadrise Fuels Appoints Ian Williams As Executive Chairman

LONDON (Dow Jones)--Quadrise Fuels International Plc (QFI.LN), a company engaged in the manufacture and marketing of emulsified fuel, announced Wednesday the appointment of Ian R J Williams as Executive Chairman and Hemant Thanawala as Finance Director with immediate effect. MAIN FACTS: -Wil

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7 Dec 2009 09:49

Quadrise Fuels defers Lithuanian project

Shares in Quadrise Fuels International dropped sharply after the emulsion fuel producer said it has deferred its Lithuanian project due to high energy prices. 'As advised in previous announcements, relative energy prices are at unusual levels compared to historical norms and this has impacted the p

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26 Oct 2009 11:42

Small Caps round-up - M J Gleeson, Off-Plan Fund, Red Leopard...

Urban regeneration and strategic land specialist M J Gleeson has named Jolyon Harrison as the managing director of its Gleeson Regeneration & Homes division. Harrison, 61, who's spent 40 years in the house building business in the North of England, will replace Colin Rossiter on 2 November. He bou

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20 Jul 2009 08:35

Small caps round-up: Abbeycrest, Synchronica, Futura...

Jewellery maker Abbeycrest said it is performing in line with expectations as it undergoes a turnaround plan. The unbranded jewellery business is delivering much improved results on a significantly reduced turnover, the firm said. The brands division is making good progress with its higher margin b

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