Thursday tips round-up: Carillion, Johnston Press, Omega Int'l
According to construction group Carillion's boss, John McDonough, results were "stunning". Mr McDonough has a point. Existing investors should hold while new ones should look to buy in, reckons the Telegraph.
Last year's profits at kitchen maker Omega International of £8.1m, up 27 per cent, are expected to grow to £9.6m this year, leaving the shares, up 7.3 per cent, on 10.75 times current year forecasts. Attractive reckons the Independent..
Regional newspaper group Johnston Press remains a well run business and at some point it will start to look cheap. Right now it just looks risky. Avoid says the Telegraph.
The Independent is slightly more positive, rating the shares a hold.
Engineer IMI is about two thirds of the way through a £60m investment programme to move 40pc of its manufacturing to low-cost areas in the Far East and Eastern Europe. This will help increase margins in tough markets. The Telegraph says buy.
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Consumer finance group International Personal Finance is one of the FTSE 250's most promising plays on emerging market prosperity. Buy on weakness says the Times.
Last year's profits at Restaurant Group, which owns Frankie and Benny's, Chiquito, Garfunkel's, came in nearly a quarter higher at £43.5m, slap in line with forecasts, allowing a 21 per cent hike in the dividend. But this will be a difficult year, and on the current valuation of nearly 9 times expected earnings they look up with events, says the Independent.
But the Times believes this is a well-run company and is worth tucking into.
That engineer FKI has opened its books to Melrose suggests that Blackstone, last year's bidder, is not in evidence. Shareholders of FKI would do well to back their suitor.
