Date: Thursday 07 Jun 2012
In the Telegraph Aggreko gets the once over from Questor. There’s no doubt it's a successful company, providing temporary power to everything from the Olympics to Glastonbury. Yesterday it announced a 250m-dollar contract to build a temporary power station serving both South Africa and Mozambique. But it trades at 20 times earnings and only yields 1.1 per cent. Too high for now. Questor suggests a hold.
For Tempus in the Times, defence contractor Chemring is not a buy. It trades on just six times earnings and yields 6% so the maths look good but, short of a takeover bid, Tempus doesn’t believe the shares are going anywhere and the sale of its marine flares brand, Pains Wessex, looks like a bad decision. Leave.
Some more positive news for Nautical Petroleum. It announced a new discovery in the North Sea yesterday and ought to benefit from tax changes on oil exploration and development. With some brokers thinking it could be worth double its current 269p, Tempus says buy if you like North Sea stocks.
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