Date: Tuesday 15 May 2012
Petrofac, the oil services firm, gets the once over from Questor in the Telegraph. The order book is strong at 9.6bn dollars, and the strategy is clear - the company provides oil knowhow to country’s trying to develop their resources. But the stock has risen recently so Questor thinks best to hold and buy on weakness.
Soggy weather has made life difficult for the building supplies firm Travis Perkins, points out Tempus in the Times. The owners of the Wickes DIY chain may actually have stolen market share from competitors like B&Q but like-for-like sales were down in the last quarter. Trading on ten times 2012 forecast earnings the stock “warrants little more than a hold”.
Rank, the casino operator gets something of hammering from Tempus. It’s just spent £205m buying rival Gala, which Tempus thinks makes some sense, the problem is Rank is 74.3% owned by a firm called Guocco, a vehicle for Malaysian billionaire, Quek Leng Chan. This restricts liquidity and turns Tempus off, big time. Avoid is the advice.
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