Wednesday tips round-up: Cairn Energy, Xaar...

Cairn Energy moved to a pre-tax profit of $577m (£352m) last year, against a small loss in 2009. Cairn also reported progress in Greenland, where it is conducting a widely watched exploration campaign. The group said the offshore-Greenland programme has "the potential for transformational growth". The results showed that Cairn is a strong business. The Greenland campaign offers the potential for substantial upside gains, but a hold for now says the Independent.Strong demand for its industrial ink-jet kit meant Xaar has raised £14m in a placing to expand its Huntingdon facility. The shares are currently valued at a heavy multiple of 26 times forward earnings, but that falls to 17.6 times on the estimates for the following year. Given the forthcoming increase in capacity at Huntingdon, buy says the Independent.Xaar is maintaining the dividend, a final of 1½p and a 2½p total, payable on the enlarged share capital. The shares, which have largely trod water since the capital raising and added 9p to 232p yesterday, sell on 27 times this year's earnings, falling to 12 times those for 2013. This suggests little reason to chase for now adds the Times.Lonrho is a pan-African conglomerate that invests in five key sectors - transportation, infrastructure, agriculture, support services and hotels. The group also operates in 17 countries, mitigating any political risk, which is common in the continent. This is a speculative play that is likely to be volatile but is expect GDP growth in Sub-Saharan Africa will be around 5% this year, which is a good backdrop in which to be operating. Buy says the Telegraph.There was much to be gloomy about in Severfield-Rowen's final numbers, yet the fact its shares closed ahead last night shows the extent to which investors were prepared for the bad news by the structural steelwork supplier's profit warning in January. Even so, wait for further weakness in the share price before wading in says the Independent.The dispute between BP and a group of Russian oligarchs over the share swap with Rosneft could be resolved within a few days. The company is also on target for $30bn of disposals by the end of the year. BP is also resuming dividend payments this year. The quarterly payment of seven cents suggests a yield, at today's share price, of more than 4% for 2011, which is decent enough, something that could be highlighted by a ruling on the Rosneft deal, or alternatively, when the company reports first-quarter figures on April 27. BP back as an income stock? Stranger things have happened suggests the Times.Sausage skin maker Devro has been mulling how to expand in potentially the richest market, China. Analysts had pointed out that a new plant there would cost £60m and would limit expansion in other growth markets, such as Russia or Latin America. Yesterday it ruled out new build, preferring "other options", probably a joint venture. This will come as a relief, while all those other positives are there. The shares, on just short of 15 times' this year's earnings, look up with events, though, says the Times.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.