Date: Wednesday 30 May 2012
The investment manager Brewin Dolphin gets a big push from Questor in the Telegraph. It’s fallen 13.5 per cent in the past year but the dividend yield is north of five per cent and funds under management are also growing (up 7.1 per cent at the last count). With a strategy review underway the stock is a buy for its dividend.
In the Times, Tempus is still backing one of his tips of the year, Pennon, which owns both South West Water and the waste recycling group Viridor. The downturn has dented Viridor’s profits but since its creation in 2000 it has usually delivered growth of 20%. Tempus still thinks there is considerable upside as the reliable, regulated water business pays for the opening of cash generating energy-from-waste power plants. Buy on future growth.
Scapa also gets a mention in the Times, with Tempus noting the company is now reporting revenue in three sectors, industrial (the traditional adhesives business), healthcare (wound dressings and the like) and electronics. Healthcare is booming, the other two are more muted. Trading at 13 times earnings, Tempus thinks the strategy is right but it could take a while to be reflected in the share price.
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