Watch the latest episode of focusIR Fireside Chats: Why Edinburgh Investment Trust Is Backing Turnaround Stocks for 2026 Growth. View here

Less Ads, More Data, More Tools Register for FREE

Friday tips round-up: ITV, Computacenter

Fri, 18th Jul 2014 08:08
'Buy' ITV on bid talk, recommends the Questor column in The Telegraph, following the news that Liberty Global has bought a 6.4% stake in the broadcaster. "The shares jumped 7pc higher on the announcement and Questor believes the move underpins the value in the UK Media player," the paper said.While Liberty said that it will not follow up with a full bid for the firm, Questor thinks this "could just be a ruse to prevent the shares from rising further, increasing the price they will eventually have to pay". Nevertheless, the US firm will still have to wait six months before making an offer, unless another bidder materialises.Questor said that the stock trades at 14.3 times estimated earnings for 2014, falling to 13 times next year. "That still looks cheap for a company growing earnings by double digits, add in the bid interest and it's still a 'buy'," the column said. Tempus in The Times has rated software services group Computacenter as a 'buy', playing down concerns about a number of problem contracts in Germany and France.The paper has tipped the shares in the past for the company's "extraordinary" cash generation and potential for special dividends. "They sell on 13 times earnings, which looks reasonable given the prospects for further cash returns in another year or so. 'Buy'," Tempus said.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.BC Computacenter ITV

Shares in this article

Related News

London stocks climb on financials, retail boost
2 days ago

London stocks climb on financials, retail boost

June 25 (Reuters) - London's main ​FTSE ⁠indexes gained on Thursday, with financial and ​retail companies posting strong business updates, while easyJ...

Market News 3i Group + 7 more shares
LONDON MARKET CLOSE: European stocks climb as Dow Jones hits new high
2 days ago

LONDON MARKET CLOSE: European stocks climb as Dow Jones hits new high

(Alliance News) - The FTSE 100 made strong progress on Thursday amid an improving outlook for inflation following this week's drop in oil prices and a...

Market News 3i Group + 12 more shares