Sunday newspaper share tips

By THIS IS MONEY
Updated:

 

EACH week we round up the main share tips from the Sunday newspapers. You'll find this week's renowned Midas column from the Mail On Sunday here.

Sunday Telegraph

Sales at outdoor clothing retailer Blacks Leisure are weather-driven so the colder, wetter conditions of recent days should help it recover from the 12% like-for-like sales drop announced in October. Management at the group, which owns the Millets and O'Neil brands, have bought shares in the last week. Worth a look at 468¾p.

Shares in Cambridge Mineral Resources have fallen from 20p to 4½p amid disappointment about the lack of progress at its mining projects in Spain and Bulgaria. But the exploration group hopes to take advantage of the high price of gold and has acquired a mine in Peru and two in Colombia.

The Irish government's decision to halve betting tax from 2% to 1% of turnover is good news for Paddy Power, the Anglo-Irish bookmaker. In November Paddy Power issued a profits warning because of a run of wins for horse racing favourites. But the group continues to grow its online operation and has opportunities for steady expansion in the UK. Buy at 770¼p.

Urals Energy, the exploration and production company which listed on the Aim market in August to raise funds to exploit opportunities in Russia, recently said it was raising its production forecast from 10,500 barrels a day to 14,000 barrels. The share have been volatile, but with a strong news flow the stock is seen as a risky buy at 261½p.

Luxury goods wholesaler and retailer Mulberry last week reported profits ahead of expectations, helped by improved margins as it reduces the amount of goods its sells at a discount. The order book is strong while growth is expected in Asia and the United States, where it is new to the market. Buy at 132p.

The Business

RPC Group- tipped last week on This is Money - is a leading manufacturer of plastic packaging that has built up a good track record and shown the ability to control costs as well as growing turnover. Blue-chip customers include Unilever, Kraft and Kerry Foods. The shares have strengthened since interim figures but still look good value at 271.25p, Digitallook.com's Aim Bulletin said.

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