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Tuesday tips round-up: Bunzl, Asos, Pennon

Tue, 19th Jan 2010 06:42

Boring it may be, but Bunzl ? the distributor of carrier bags, plastic cutlery, protective masks and thousands of other disposable items for grocers, cleaners and caterers ? is one of the stock market's best barometers. Left to its own devices, its sales can be relied upon to grow just ahead of GDP, the Times says.Unlike other support services stalwarts, Bunzl does not have the comfort of an order book: it sells this week what its customers used the week before. But a long track record of meeting or beating forecasts, and a modest valuation ? 11 times current-year earnings at yesterday's 639½p ? make the shares a buy, the paper adds.The lack of profit upgrades yesterday does not mean that online fashion retailer Asos's projected long-term growth will be any slower than before. International sales were up 102 per cent and now account for one quarter of the total ? and may sustain that momentum, given plans to launch a dedicated American website this year. At 434½p, or 23 times this year's earnings, Asos may look dear, but not once a forecast 30 per cent-plus growth is factored in. Hold on says the Times.While a yield approaching 4.2% and a growing dividend is attractive, water utility Pennon shares are now starting to look on the expensive side, with a prospective multiple of 15.6 times full-year forecast earnings. Pennon is a solid operation, but now looks to be a good time to book some of the gains made on this stock and recycle them into something a little more racy. Take profits says the Independent.Xcite Energy, the AIM-listed explorer that owns the licence to Bentley, one of the North Sea's biggest undeveloped fields of heavier-grade oil saw its shares rose more than 16-fold last year. On most measures, they still look inexpensive. The difficulty is that Xcite still needs to drill an additional well if it is to meet its target of first oil by summer next year, suggesting that a $40m fundraising is required. However, the presence of Statoil, of Norway, near by raises the prospect of shared costs ? or an eventual bid. At 56p, this is worth a punt says the Times.Capital and Regional, the specialist property investment company trades on an 11% discount to estimated net asset values for 2009. But that gap widens to a yawning chasm - 38% - when set against the estimates that Evolution Securities has come up with for 2011. That's an enormous discount and suggests there is some real value to be had in these shares. Buy 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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6 May 2014 10:21

CORRECT: UK WINNERS & LOSERS: Balfour Beatty Drops 18% On Profit Warning

(Correcting AstraZeneca made its statement on Tuesday.) LONDON (Alliance News) - The following stocks are the leading risers and fallers within the main London indices midday Tuesday.
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FTSE 100 - WINNERS
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Persimmon, up 3

6 May 2014 10:19

UK WINNERS & LOSERS: Balfour Beatty Drops 18% On Profit Warning

LONDON (Alliance News) - The following stocks are the leading risers and fallers within the main London indices midday Tuesday.
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FTSE 100 - WINNERS
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Persimmon, up 3.6%, and Barratt Developments, up 1.8%. The h

6 May 2014 07:58

Xcite Energy Starts Collaboration Deal With Statoil And Shell

LONDON (Alliance News) - Xcite Energy Ltd Tuesday said it has started a collaboration agreement with Statoil Ltd and Shell UK Ltd, part of Royal Dutch Shell PLC, to share technical and operational information in order for potential joint operations at the Bentley and Bressay fields in UK North Se

14 Apr 2014 09:31

Xcite Extends Equity Line Facility With Esousa

LONDON (Alliance News) - Xcite Energy Ltd Monday said it has extended the term of its existing equity line facility agreement with Esousa Holdings LLC by three years until July 30, 2017 on the same terms and conditions. There is an undrawn facility amount of GBP30.8 million, which can be us

9 Apr 2014 09:35

Xcite Energy Signs MOU For Bentley Oil Field

LONDON (Alliance News) - Xcite Energy Ltd Wednesday said its subsidiary Xcite Energy Resources Ltd has entered into a Memorandum of Understanding with AMEC Group Ltd and Ove Arup & Partners Ltd, which sets out the principles of co-operation for the design and development of Arup's self-installing

7 Apr 2014 08:21

Xcite Energy upgrades facilities at Bentley field

North Sea-focused Xcite Energy has entered into a memorandum of understanding with Teekay Shipping Norway for the supply of a bridge linked Sevan floating storage and offloading (FSO) facility for the life of its flagship Bentley field. AIM-listed Xcite said that the bridge linked Sevan FSO offers

7 Apr 2014 07:30

Xcite Energy Unit In Deal To Build Facility For North Sea Oil Field

LONDON (Alliance News) - Xcite Energy Ltd Monday said its Xcite Energy Resources Ltd subsidiary has signed a memorandum of understanding with Teekay Shipping Norway AS setting out principles of co-operation for the supply of a bridge linked Sevan floating storage and offloading facility for the l

27 Mar 2014 13:48

UK MIDDAY BRIEFING: Regulators Confirm UK Energy Market Review

LONDON (Alliance News) - UK regulators have now confirmed they will investigate whether the country's major energy companies are preventing effective competition in the market, a decision that prompted British Gas parent Centrica to warn that the review could delay crucial investments in new i

27 Mar 2014 13:01

UK WINNERS & LOSERS: Babcock, Tullow Oil Lead Blue-Chip Fallers

LONDON (Alliance News) - The following stocks are the leading risers and fallers within the main London indices midday Thursday.

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FTSE 100 - WINNERS

Old Mutual, up 0.5%. The group has agreed to sell Skandia Germany and S

27 Mar 2014 12:19

Xcite Energy Swings To Profit, Improves Balance Sheet, But Shares Slide Further

LONDON (Alliance News) - Xcite Energy Ltd Thursday said it swung to a profit in 2013, stemmed its cash outflows, and will select its preferred partners for its undeveloped oil field in the North Sea this year. The company reported a net profit of GBP6.6 million for 2013, compared with a GBP

26 Feb 2014 11:46

Xcite Energy Updates Reserves Data At The Bentley Field

LONDON (Alliance News) - Xcite Energy Ltd Wednesday updated its reserves data for its undeveloped Bentley Field in the UK North Sea following an independent study by AGR TRACS International Ltd. The oil appraisal and development company said its proven oil reserves based on a 35 year produc

3 Feb 2014 10:58

Xcite Energy Promotes Andrew Fairclough to CFO Role

LONDON (Alliance News) - Xcite Energy Ltd Monday said it has appointed Andrew Fairclough as its chief financial officer with immediate effect, meaning he will take over responsibility for financing strategy from former CFO and current Chief executive Rupert Cole. Fairclough, 44, joined the

24 Jan 2014 10:06

UK BROKER RATING CHANGES: Four Brokers Cut Pearson Price Target

LONDON (Alliance News) - The following UK shares received analyst recommendations Friday morning:
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FTSE 100
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KEPLER CHEUVREUX STARTS BP WITH 'BUY' - PRICE TARGET 545 PENCE
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KEPLER CHEUVREUX STARTS BG GROUP WITH 'HOLD

24 Jan 2014 08:35

Friday broker round-up UPDATE

Aberdeen Asset Management: Morgan Stanley reduces target price from 492p to 393p and downgrades from equal-weight to underweight. Afren: Morgan Stanley moves target price from 210p to 220p retaining an overweight rating. Ashmore Group: Morgan Stanley cuts target price from 410p to 365p and reitera

30 Dec 2013 14:17

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Xcite Energy Share News (XEL)

Tuesday tips round-up: Bunzl, Asos, Pennon

CORRECT: UK WINNERS & LOSERS: Balfour Beatty Drops 18% On Profit Warning

UK WINNERS & LOSERS: Balfour Beatty Drops 18% On Profit Warning

Xcite Energy Starts Collaboration Deal With Statoil And Shell

Xcite Extends Equity Line Facility With Esousa

Xcite Energy Signs MOU For Bentley Oil Field

Xcite Energy upgrades facilities at Bentley field

Xcite Energy Unit In Deal To Build Facility For North Sea Oil Field

UK MIDDAY BRIEFING: Regulators Confirm UK Energy Market Review

UK WINNERS & LOSERS: Babcock, Tullow Oil Lead Blue-Chip Fallers

Xcite Energy Swings To Profit, Improves Balance Sheet, But Shares Slide Further

Xcite Energy Updates Reserves Data At The Bentley Field

Xcite Energy Promotes Andrew Fairclough to CFO Role

UK BROKER RATING CHANGES: Four Brokers Cut Pearson Price Target

Friday broker round-up UPDATE

Xcite Energy Secures Refinancing With USD80 Million In Unsecured Loan Notes

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Xcite Energy Share News (XEL)

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Tuesday tips round-up: Bunzl, Asos, Pennon

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