Date: Wednesday 16 May 2012
LONDON (ShareCast) - The rather odd assortment of engineering firms that make up Smiths Group somehow works as a business concludes Tempus in the Times. The big idea was that some of the divisions may have been sold, with flexible tubes outfit Flex-Tek the main candidate, but the US housing market has put paid to that and with the shares at 12 times earnings Tempus thinks Smiths is a leave.
In the Telegraph Questor remains loyal to his recommendation for mining royalty firm Anglo Pacific. Royalties were sharply down in the first quarter but Questor believes this is due to temporary problems at a Rio Tinto mine in Queensland. The stock has gone in the opposite direction to the FTSE 100 in the last nine months, so buy on weakness is the conclusion.
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