LONDON (ShareCast) - With energy prices not looking as if they are going to fall soon, UK Coal’s numbers should look increasingly buoyant, and investors should take the chance now to buy at an attractive price. Buy, says the Independent.

Hunting has evolved from a difficult-to-value energy services conglomerate to a pure-play provider of upstream oilfield technology with £350 million of cash on its balance sheet. Yesterday’s dip to 860½p, or about 18 times this year’s earnings, a discount to its sector, marks a good point to buy, says the Times.

Given that analysts reacted by pushing up their earnings estimates for the full year, it was surprising to see Melrose shares fall by around 3pc leaving them at a considerable discount to net asset value. On that basis, Melrose provides some of the best value in the sector. Buy, says the Telegraph.

While investors should not expect overnight success from a punt on IP Group, a longer term investment should pay off. Buy, recommends the Independent.

Those looking to make a killing should stay away, but for a modest long term return SMG is looking like an increasingly safe bet. Buy, writes the Telegraph.

Henry Boot is a well-run group, with a focus on perhaps the most robust part of the property sector, but the shares are going to fall before things get better. Sell, says the Independent.

IMI, at 495¾p, up 28½p, or nine times next year’s earnings, is less geared to recovery than are many of its peers. Hold, says the Times.

With property markets likely to stay tough for the next 12 months, at least, and with yesterday’s 17 per cent jump to 283¾p having priced in short-term attractions, Savills – at ten times 2008 earnings and yielding 6.3 per cent – are up with events. Hold, says the Times.

Ferrexpo currently trades on under eight times current year earnings, falling to 5.6 times those for 2009. With a planned return of capital to shareholders equal to around three times the interim dividend, the stock remains an attractive play on continued demand for steel. Hold, recommends the Telegraph.

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