Member Info for Sherston

BROKER CALL: British Land share price has fallen too far - JP Morgan 2 February, 2010 07:25:20 AM Sets a price target of 515p a share and repeats its overweight recommendation. Broker gives a compelling assessment of why things are now looking up for BL: 'British Land has underperformed the EPRA UK by 36% over the last ten months, as fortunes gradually changed for the worse and investor criticism/concerns built (which we largely shared): the 50% Broadgate sale, the departure of Retail Head Andrew Jones (including two colleagues) and an unclear strategy. However, the criticism looks priced in now, but the quality of its platform and potential (positive) actions do not, in our view.'

BROKER CALL:IDOX seen as possible bid target 2 December, 2009 08:14:02 AM Investec Securities is reiterating clients Buy IDOX up to 14p this morning in the wake of recent news that Canadian software group, Constellation Software has bought a 4.85% stake in IDOX. Although no offer has been made for IDOX, Constellation has a very aggressive approach to acquisitions, and its strategy is to acquire leading software companies in vertical markets.

Always worth digging around rumours. Found this today: INSIDE LEG: Beware the rumours on Alphameric 1 December, 2009 07:54:33 AM Here's the report, which we carried yesterday. Yet despite our warnings seems to have made it into the mainstream press: The Telegraph reports that Joe Lewis is working on a bid for Alphameric and could make as early as today through Mayfair Capital Investments. Notes that Lewis owns a 29.9% stake in Alphameric and speculation has been growing that he could look to take full control of the company. OUR VERDICT: IS WHAT IT WAS YESTERDAY - SPIV RUMOUR BEING PUNTED BY A COUPLE OF WARM BROKERS.

BROKER CALL:RBS believes Valiant price fall overdone 1 December, 2009 08:12:14 AM Royal Bank of Scotland has today reiterated a Buy rating and 900p price target on Valiant Petroleum ahead of what it believes will be a potentially transformative 2010 drilling programme.

BROKER CALL: Ultra-bullish call on Vectura 24 November, 2009 07:54:49 AM Citi expects Friday's interims to be a catalyst for the share price and has issued an ultra-bullish buy with a 150p a share price target (current price c80p). Broker says: 'We view Vectura with partner Sandoz as the leading generic challenger to Advair. Vectura received a milestone in April for progress on VR315 in Europe and in August for progress in the US. We expect Vectura/Sandoz to be in a position to file in the 1st half of 2010 and currently forecast a launch of a branded generic in Europe in 2011 and in the US in 2013, with this asset worth 70p of our 150p target price. We view the recent pullback in the shares as a buying opportunity ahead of this catalyst, which should draw attention to VR315 as being a transformational asset for Vectura.' OUR VIEW: THIS IS A VERY BULLISH NOTE FROM A REASONABLY HEAVYWEIGHT BROKER. EXPECT THE SHARES TO FLY OUT THE BLOCKS THIS MORNING.

Upgrade this AM helped too.... Citigroup raises Cookson Group Plc price target to 500P from 300P; rating buy

http://www.londonstockexchange.com/exchange/prices-and-news/news/market-news/market-news-detail.html?announcementId=10267321

http://www.londonstockexchange.com/exchange/prices-and-news/news/market-news/market-news-detail.html?announcementId=10260005 Pipes are diamondiferous!

http://www.londonstockexchange.com/exchange/prices-and-news/news/market-news/market-news-detail.html?announcementId=10256017

INSIDE LEG: Citi looks at Dana's Jetta and Tornado 29 October, 2009 07:04:31 AM Broker says the positive drill news on Jetta adds a risked 13p a share to the Dana share price. The more material discovery is Tornado where a side track drill is expected to yield some fresh news soon. Success here could add +100p to the net asset value, says Citi.

BROKER CALL: Ambrian starts MOG as Buy 28 October, 2009 12:40:44 PM Ambrian Partners has initiated coverage of Mediterranean Oil & Gas as a Buy with a 116p price target. The broker believes the market is not recognising the potenial value of the company's main asset, Ombrina Mare which has 21mmboe of bookes reserves. By midday the company's shares were unchanged at 47.5p.

BROKER CALL: Goldman a fan of Cookson 27 October, 2009 07:08:46 AM Goldman Sachs repeats its buy on the semi-conductors group with a 600p a share price target - which gives 46% upside from current levels. Broker says: 'Cookson's share price discounts an 8.5% margin into perpetuity versus our through-cycle assumption of 11%, and trades at the largest discount to mid-cycle multiples in our coverage. Our recent analysis showed that consensus upgrades and financial leverage are correlated with a stock's outperformance after the ISM breaks 50. We forecast a stronger rebound in Cookson's revenues and profitability than is implied by consensus estimates. Cookson has a high degree of financial leverage (versus our coverage) and does not need to make a further cash call, in our view.'

BROKER CALL: Cazenove keen on Booker 22 October, 2009 08:33:25 AM Rates the cash and carry at outperform and reckons fair value could as much as 58p a share. The broker adds: 'Despite the strong absolute and relative share price performance, we continue to see material upside in Booker driven by ongoing margin expansion which will lead to a steady stream of upgrades to consensus forecasts.'

MADRID (MarketWatch) -- U.K. retailer Kingfisher was upgraded to equal-weight from underweight on Wednesday at Morgan Stanley, which said the shares are on track to deliver value and are trading at their lowest relative rating for four years.

T/O offer 33p cash.

http://www.londonstockexchange.com/exchange/prices-and-news/news/market-news/market-news-detail.html?announcementId=10203940

Scrub that post from me earlier on. Just discovered this on the co w/site Nominated Advisor and Broker: Seymour Pierce 20 Old Bailey London EC4M 7EN

Latest broker recc would concur with your conclusions: 04-Sep-09 Seymour Pierce Buy Reiteration

Did you not read the RNS this morning ref NTG? Mistake in reported figures etc??? There are red faces at Northgate, the van hire company this morning after it admitted making an error in last week's interim management statement. Rather than cutting its net debt by £205m to £681m, as it claimed, it actually saved £173m - leaving the company with a higher debt pile of £713m.

http://www.londonstockexchange.com/exchange/prices-and-news/news/market-news/market-news-detail.html?announcementId=10194758