Some Stocks to Watch for the Coming Week
Dimension Data - DDT - they are close to breaking up through resistance and I picked some up on Friday afternoon, so am quite pleased they have been tipped in the Sunday Telegraph
After dropping along with other tech stocks, they have fallen from 580p in March 2000. They have recovered since bottoming out and are now just 53p. According to the Telegraph they are worth a second look. Their client list includes heavyweights such as Google, BMW, and Pfizer. Dimension Data also recently posted better than expected interim results with earnings increasing by 50% and improved profit margins. "Alongside a compelling case in the figures, the firm is also growing internationally, with ventures in Africa and Australia proving a success so far. A buy for investors."
Hopefully they will be a good long-term buy.
Second on my watch list is Tanfield Group (TAN) which I mentioned in a previous post. They make zero-emission electric trucks. The chart also looks interesting
and they have just been extensively covered in a broker's note from Morgan Stanley dated 14th May http://www.dccs.co.uk/shares/TANFIELD_NOTE_MORGANSTANLEY%5b1%5d%5b1%5d.pdf
The Sunday Times says Northumbrian Water shares are cheap at 324¾p. The sector has real potential over the coming years plus the company could attract bidders and a possible 25% premium to its share price. The Competition Commission's recently approved the merger of Mid Kent Water and South East Water which has given rise to the hope that there will be a number of similar mergers. Northumbrian Water has also seen a 17% rise in interim profits and full year figures are expected to be good next month. The group has also secured a Government contract to run Kielder Water, the largest reservoir in Britain. The company's prospects are good and there is the bonus of a possible takeover or meger.
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