Date: Thursday 15 Mar 2012
LONDON (ShareCast) - Questor in the Telegraph is sticking by his recommendation for polymer maker Yule Catto. The Harlow based firm saw underlying profits rocket 99% last year, resulting in a 10% jump in the share price yesterday. The firm already makes 40% of revenues from emerging markets but intends to grow this over the coming years. Trading at just 10 times 2012 forecast revenues, Questor says buy.
Tempus, in the Times, takes a bite of Greggs, the high street baker and hot food supplier. Like-for-like sales dropped 1.8% in the first 10 weeks of the year, a result of lower retail activity. Tempus notes that several analysts are downgrading the stock, which has gained 17% in the last six months, but still feels there is long term value in sausage rolls. Buy, if you can stick it out for the long term.
Soco international, the oil explorer, may make $200m selling its interest in a big find in Vietnam. It also has some interesting plays in the Democratic Republic of Congo. Shares have gained nearly 19% in the last three months and with the company still in the process of proving the scale of its Vietnamese field, Tempus suggests holding.
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