LONDON (ShareCast) - Copper miner Kazakhmys is near an all-time high, but there is potential for further upside.
For investors looking for short-term capital gains, there are probably better bargains elsewhere but for the long term investor, the shares, on around 10 times next year's earnings, are easily the cheapest in the sector and look like a good buy, believes the Telegraph. The Times says short-term investors should take profits.
Last year's good figures from International Power come despite some obvious hiccups; profits in Australia fell by £42m to £82m. The company will face other challenges this year but should be in a position to overcome them. Buy says the Independent.
At yesterday's price, temporary power generation group Aggreko stands on a forward earnings multiple of around 17 times earnings. This is not cheap by any means, and is a substantial premium to the rest of the sector. Nevertheless it is largely justified and shareholders should hold on, believes the Telegraph.
Stakebuilding at satellite operator Inmarsat by Harbinger Capital, the US hedge fund that holds 28 per cent, provides speculative interest but given a recent strong run, there will be better times to buy. Pass says the Times.
Private equity investor SVG Capital’s annual pre-tax profits are down 29 per cent to £153.4m, but the companies SVG invests in, such as Hugo Boss and Italian directories business SEAT Pagine Gialle, have generally performed well recently. Hold reckons the Independent.
Although at 52p, shares in racecourse operator Arena Leisure lack a short-term catalyst to send them higher, the presence on the share register of Trevor Hemmings and, it is rumoured, the Reuben brothers should provide a floor. The Times says hold.
The market for second homes in Europe is still precarious but some analysts believe equity investors would be well advised to hold on to their stock in Bulgarian Land Development, even if that means selling shares in similar companies. The Independent recommends holding on.
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