Tuesday tips round-up: Aberdeen Asset, Hunting, Carillion

Date: Tuesday 24 Jan 2012

The Independent’s Sharewatch column offers a summary of the investment managers, making the point many of them have pay structures similar to investment banks but, often, without offering “benchmark beating” performance.

It recommends purchasing Aberdeen Asset Management, which is recovering from a scandal involving its split capital investment trust. Trading at 8.6 times expected earnings and offering a dividend of 4.3%, Sharewatch says buy. The column also suggests a punt on Jupiter but describes Henderson as an “avoid”.

The Times goes hunting for value and finds the engineering and services firm Hunting which is focused on the oil and gas sector.

It has done well in the North American shale and conventional markets and its Singapore division is going great guns as exploration continues in the far east. Recent rises have left it at 17 times forward earnings, a bit pricey perhaps, but Tempus suggests picking it up on any draw downs.

Finally, Questor in the Telegraph ponders the construction services company Carillion. It has had some decent contract wins including one to transform a section of the M6 near Birmingham and three academy schools. It is also in the hunt for two contracts worth over £2bn.

Carillion has been pummelled, like much of the construction sector recently, so now trades at just 7.4 times forward earnings with a yield of 5.1%. Questor says buy.

BS

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