Date: Thursday 17 Jul 2008
LONDON (ShareCast) - UK Coal is almost as much a play on property these days as it is resources, and the group admitted it viewed the future with caution. However, with its regeneration projects offering a far longer view than is the case with the housebuilders, the conpany remains sanguine. The stock has held up well in recent months, and on around 10 times earnings, The Telegraph’s Questor believes the shares are a buy.
The Dresdner watchers have cut their target price on Thorntons from 155p to140p, which the shares last passed on their way down to their present level on 15 May. It would take the news that chocolate has magical healing powers to push Thorntons' share price up above its present level. As such, investors should avoid the stock. Sell, recommends the Independent. Hold, says the Times.
JD Wetherspoon is undoubtedly outperforming many of its rivals but without a pint or two of Dutch courage, it is difficult to recommend any consumer share given the lack of catalysts to send them higher. Avoid for a few more months yet, says the Telegraph. The Independent says hold.
Meanwhlie, the Times says with shares of Punch and Enterprise having fallen by 84 per cent and 58 per cent respectively over the past 12 months, now is not the time to lose faith. Hold, writes the Times.
This disciplined approach has not yet been reflected in Salamander’s share price. Shareholders have enjoyed a modest gain since the IPO – investors would have had better luck investing in a barrel of oil. With a busy drilling programme over the next few months, there is plenty of scope for further gains, making Salamander a cautious buy at 285p, says the Times.
Icap has proven itself a sound, well-run business, and those already invested should not lose their nerve now, says the Telegraph.
Best of the Best is so named because it says it offers the best cars, electrical goods and whatever else in its competitions, which it also runs online. Sadly, the shares have not been the best of the best for investors, falling 50 per cent in the past year. Cautious hold, says the Independent.
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