Stocks and Shares - Investors Chronicles Share Tips of the Week - April 22
Share Tips of the Week
Buy Fairpoint Group at 82p; diversification of revenue stream is starting to pay off.
Buy Unite at 212p; 34% discount to NAV due to worries over student funding is too high.
Sell Mouchel at 76p; collapse of bid hopes leaves it with an uphill struggle to revive trading and fix debt.
Sell Lloyds Banking Group at 60p; uncertain prospects in core markets and may be forced to sell more branches than planned.
Share Tips Updates:
Keep buying Heritage Oil, tipped in March 2011 at 263p - now 256p.
Keep buying Norseman Gold, tipped in June 2010 at 55p - now 16p ! (looks heavily oversold) .
Keep buying Paragon Group, tipped in September 2010 at 143p - now 171p.
GW Pharmaceuticals, 114p,
Asian Plantations, 245p,
Buy Faroe Petroleum, 181p,
Buy Chariot Oil & Gas, 244p, they are both well-placed to do 'farm-out' deals with oil major to fund future exploration & production.
Shares in ARM Holdings, Wolfson and CSR look high enough given outlook for consumer spending and supply chain issues .
Keep buying Tesco, 398p.
Sell Smith & Nephew, 672p.
Capital Pub Company is good value at 149p after recent trading update.
Buy Camco International as its continues to grow portfolio of carbon credits.
Sell Alterian - further to fall given market uncertainty and lack of visibility for non-recurring revenues.
Keep buying NCC Group at 590p, - Peel Hunt has a 715p target.
Keep buying Oakley Capital Investments at 147p, trading at 12% discount to NAV.
Buy Surgical Innovations at 8p, after latest promising set of results.
Seven undervalued resources stocks:
Natural Resources, 24p;
Northern Petroleum, 128p;
IGas Energy, 72p;
Altona Energy, 10p.
Buy Ideal Shopping Direct, 187p;
Buy WH Smith, 479p;
Buy GeoPark, 737p;
Buy Avacta, 1.25p;
Buy Noble Investments UK, 153p;
Buy Character, 200p.
Sell Dori Media, 40p;
ARM Holdings: according to Ragu Dharmaratnam at Baselica charts suggests stock is on the way up again.
Gold: www.globalprimepartners.com.au sees few obstacles preventing precious metal reaching next target band of US$1,719-US$1,735.
Click here for Weekend newspaper share tips