Just been tipped29 Apr 2010 16:00
UKAnalyst:
Recommendation:
Despite the continuing negative sentiment towards the financial sector, shares in Private & Commercial look good value for a number of reasons. On a price to earnings basis the shares trade on a multiple of just 5.7 times forecast 2011 earnings. In addition, the shares currently trade at a 28% discount to net assets of £5.87 million as at 30th September 2009. Our friend Evil Knievil is also a fan of the company, seeing it as a potential takeover target. In his own words, "PCF is a sitting duck." BUY.