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Friday tips round-up: 3i, Evolution, Premier Oil

Fri, 26th Mar 2010 06:40

Analysts are waiting until March's numbers from 3i before looking at the net asset value of the portfolio.There should be further room for share price growth as the performance of its portfolio companies improves with the wider economy. The question is how much. A tentative buy says the Independent.At 120p, shares in stock broker Evolution trade at 14 times 2010 earnings ? which looks too cheap for a company producing double-digit growth and sitting on £110m in cash. Buy says the Times.Evolution shares have rallied recently and while they could look cheap this time next year, they could very easily go the other way. If you have some, it's probably worth holding to see how the market plays out but don't buy in at this time. Just hold on for now and sell on strength advises the Independent.For now, Premier Oil has the balance sheet ? cash and facilities of $649m ? and cashflow to fulfil its exploration and development plans without resorting to shareholders. The greater lure is that, on most measures, Premier remains cheap: at £12.11, up 28p, it still trades at a discount to most estimates of its core net asset value says the Times.AIM-listed M&C Saatchi, which, maintaining a 32-year relationship, was yesterday drafted in by the Conservative Party to work alongside Havas-owned Euro RSCG on its final push before polling day. That disclosure inevitably overshadowed full-year results whose resilience warranted attention on their own. At 79p, or eight times this year's forecast earnings ? a steep discount to its larger peers ? hold on says the Times.Menswear retailer Moss Bros has been quick out of the blocks during the seven weeks since its financial year ended on 30 January 2010. Given the company's strong balance sheet, and the problems faced by its rival Suits You, at just 22p, Moss Bros shares are worth a punt for those feeling brave and willing to take a long-term view. For investors with an appetite for risk, the shares are a speculative 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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