Thursday tips round-up: Supergroup, Prezzo, IQE

Fashion group Supergroup sells at 17 times this year's earnings. Lifestyle brands such as SuperGroup have done well over the recession and future growth looks assured, but the churl in me finds it hard to see immediate progress for a retailer on this sort of multiple in this market, says Martin Waller of the Times.Prezzo, the Italian restaurant chain, continues to defy the economic gloom. Yesterday, it posted a surge in profits as it pushes ahead with its expansion programme. While Prezzo is a safe bet for the long term, we think a forward earnings multiple of 10.6 makes its shares fairly valued. Hold, the Independent says.IQE supplies gallium arsenide wafers to most smartphones now on sale; these account for only about 28 per cent of the total mobile phone market, a proportion that is bound to grow. But sales to mobile phones account for about three quarters of turnover; the rest goes to various unproven technologies. IQE is best seen as an established wafer manufacturer with a couple of outside high-tech bets on the side: attractive for the long term, but speculative, says the Times.But the Independent says IQE is plugged into what still looks like a strong market that is only set to grow stronger in coming years. Moreover, the stock looks affordable, trading at around 17 times forward earnings for this year, falling to under 15 times on the estimates for next year. Given the growth prospects, we think that it is worth a punt. Buy, the newspaper says.Homeserve, which offers insurance against a range of household misfortunes and sorts out repairs when they happen, has already proved that it is one of those rare British businesses that has been able to replicate its success on the other side of the pond. Given the company's growth profile it arguably deserves a premium rating. But it's still starting to look stretched and we think the share price could easily pause for breath. So use yesterday's gains as an opportunity to take profits, says the Independent.Fortune Oil's price has traded between pretty narrow parameters for years, most recently hitting a low point of around 5p, before peaking in May this year at 14.5p. The company, which is involved in oil and gas supply and infrastructure projects in China, is lightly researched and, as a result, is often overlooked. This might be a mistake. Fortune Oil is hoping to capitalise on the expansion in coalbed methane, the production of which China is aiming to increase by 2020.Fortune Oil looks interesting for those prepared to accept the risks. Buy, says the Scotsman.The best way to play market falls is to buy quality companies with high yields. Go-Ahead Group is one such business. The group is one of the UK's largest bus operators, with a fleet of about 3,800 vehicles. that the shares are now yielding a prospective 5.7%, which is very attractive in the current low interest rate environment. Buy, says the Telegraph.One thing is clear - market volatility is going to be around for some time. Traders love this type of market - and spread-betting firm IG Group is going to be a major beneficiary. Indeed, it already has - and next Tuesday's first-quarter trading update should be very impressive. Buy, says the Telegraph.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.