Stocks to Trade - Friday Newspaper Share PicksInvestors Chronicle stock picks
Barclays trading for Q1 2011 was uninspiring, management referring to a 'subdued macroeconomic environment,' Barclays also revealed it would set aside £1bn to cover compensation payments for PPI mis-selling. Shares, on 10 x broker earnings forecast for 2011, are highly rated. Doubts about Barclays' prospects for growth and regulatory challenges going forward mean the share price is vulnerable. Sell.
French Connection's financial performance has been deteriorating. The share rating – at 11 x forecast earnings – is not too high and it is a recovery story. Buy.
- see here for yesterday's Shares Magazine picks
Investment Share Tips
Buy Qinetiq at 112.5p - trading at 7 x forward earnings
Buy Endace at 465p - governments and businesses are increasing spending on cyber security and as financial firms have to meet stringent compliance, regulation, and risk-management criteria, prospects are also "very exciting".
Buy Shanks at 121.5p.
SKS - 5 year chart with 200 day moving average
The Daily Telegraph
Sportingbet, agrees to buy Australian online rival Centrebet, funding the deal through a £130 million share-and-bond issue.
Questor Share Tips
E-books are big business, as Amazon can testify. Bloomsbury (Harry Potter publishers) is focussing heavily now on e-books and sales have soared from £8K to £1.5 million. Buy at 131.5p
BMY 10 year chart with 200 day moving average
BMY 3 month chart with 200 and 5 day m.a. - traders say not to buy a stock when the 5 day moving average is pointing down
Podcast - Buy Pennon, Shanks at 121.5p, (waste recycling)
Buy James Fisher at 544.5p
Burberry and Jaguar Land Rover are proof that the UK has excellent prospects for the future.
See also - trading moving averages video
Rank Group asks investors to reject Guoco Group’s £585.8 M takeover bid, saying the group has “a strong position in fundamentally attractive markets”.
Tullow Oil agrees to pay $305 M to increase its stake in Ghana’s giant Jubilee offshore oilfield to 36.5%.
London and Stamford has a £1 bn war chest to target new acquisitions in markets such as south east distribution real estate, London residential, and prime retail assets.
Irish Life and Permanent - shareholders are right to resist a mandatory €4bn recapitalisation of the banking division which would be tantamount to expropriation by the state.
Glencore - the lack of a bounce in the share price is due to commodity jitters, resistance to the price and concerns over governance – in particular the appointment of Simon Murray.
Financier Nathaniel Rothschild and former BP boss Tony Hayward to launch a new investment vehicle as they try to raise £1 billion for acquisitions in the oil sector [incredible but true allegedly - Ed. or is it just me?].
Bonus culture lives on with payouts of £22 bn - the figures could fan public anger over City greed but will be warmly welcomed at the Treasury.