Saturday's share tipsTh

By THIS IS MONEY
Updated:

 

Here are the expert broker buys and sells from the City pages of today's newspapers. First from the Daily Mail:

Broker buys

Teather & Greenwood says buy Ted Baker at 422p. Current trading is very strong. Buy on weakness.

ING Barings Charterhouse says buy InterX at 1085p. Th management is in place to pursue new licence sales aggressively so prospects over the next five years are extremely exciting.

Merrill Lynch says buy NXT at 1027p. An impressive technology and good patent protection, both of which should allow licence fees to be charged.

Credit Lyonnais Securities says buy London & Associated Properties at 27p. Cheap on a 56% discount to net asset value.

Teather & Greenwood says buy Kingsbrigde at 70p. The outlook remains positive as it develops into a premier provider of financial services in several related areas.

Merrill Lynch says buy Celltech at 1412p since next year should bring ample positive news on Celltech's pipeline.

ING Barings Charterhouse says buy Savills at 205p. Low-quality income is being replaced by services where the quality of income is higher. This has not been reflected in the rating.

Here are the broker sells:

ING Barings Charterhouse says sell Carpet-Right at 497 1/2p. Although the Harris Carpets at Home business may offer longer-term potential, this remains largely unproven at present.

Here are the broker views from today's Daily Telegraph:

Charterhouse Securities says buy Body Shop International at 114.5p. Structural changes last year have made for a significantly improved outlook for the company. The business is now leaner and more focused. The potential for organic growth is huge and the group is expected to deliver above-average earnings growth with compound earnings growth of 19% in the next three years.

Morgan Stanley Dean Witter says buy Egg at 146.5p. As the UK's first internet bank, Egg has gained over a million customers in the 20 months since its launch and continues to grow rapidly. The company has a promising customer base for cross-selling, first mover advantage and an established brand. There is sufficient upside potential from the current share price to encourage investors to buy.

Numis says buy Goshawk Insurance at 87.5p. The group has managed to maintain profitability during a downward cycle and has 100% of its underwriting capacity in-house. Goshawk is significantly ahead of the field. The group has strong interim earnings growth of 30% this year, 81% next and 49% in 2002. The current market rating attributes no value to the insurance earnings of the business. These are set to deliver significant upside.

Charterhouse Securities says sell Arcadia at 43.8p. With the continued expansion of value retailers and rampant deflationary pressures, Arcadia is the most vulnerable middle-market retailer in the clothing market. It's gearing is too high and there is likely to be no improvement in the future.

Granville Baird urges to sell Allied Optical at 146.5p. The company's results didn't deliver promised organic growth. Then there was a profits warning - problems with meeting security foil specifications for euro notes had seen customers start withdrawing contracts, and new machinery was put in to stop this. Given the challenges ahead, the euro note window is getting smaller, Baird has downgraded to a sell with a price target of 120p.

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