Stocks to Buy - Weekend Newspaper Share Tips
The Sunday Telegraph
Questor share tips
Buy Gulfsands Petroleum at 300p - the company rejected a takeover bid approach by Indian Oil and Oil India earlier in the year. Emerald Energy, Gulfsands' 50% partner in Khurbet East, has been acquired by Sinochem, so the company has been considered to be a potential bid target for some time. The bid offer was 315p and the shares are now around 300p. They were recommended by Questor on April 10 2009 at 183p and they are now up 64% .
Buy Templeton Emerging Markets IT at 590p. Shares in TEM are at an all time high. It was first recommended by Questor on January 5 2009 year and is up 108% but it remains a core buy
January's VAT rise will test retailers' pessimism.
MIDAS Share Tips
Buy Pursuit Dynamics at 355p - Pursuit Dynamics has shown its kit works and it is starting to make real progress - with major customers. The shares are 355p but fans say they could almost triple to 900p over the next 2 years. A punt for the adventurous to see whether the fans are right.
Supergroup update - Supergroup is growing fast and is expected to continue to expand for 2 to 3 years. A first dividend of 9p is expected next year. But the share performance thus far is remarkable. If you have already bought you should bank some profit by selling 25% to 50%.
Buy Bellway (House builders ) appear to be growing. The average selling price of homes rose from £154,000 to £163,000. Pre-tax profits are expected to rise by 41% . Cash balance is also high at £66m. The yield is low at 2%, but is expected to rise to 10% in the year to July 2010.
Buy Cape - Providers of support services to the energy industry, growth in revenue has been very slow. H1 2010, revenues fell to £331m, but operating profits rose 18%. It has managed to reduce net debt to less than £100m. There are rumours that Cape may become private.
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