Hansard Global (HSD)

Sector:

Insurance

Index:

FTSE Fledgling

43.55p
   
  • Change Today:
      0.050p
  • 52 Week High: 48.15p
  • 52 Week Low: 36.20p
  • Currency: UK Pounds
  • Shares Issued: 137.45m
  • Volume: 22,620
  • Market Cap: £59.86m
  • RiskGrade: 132

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Wednesday tips round-up: IHG, Johnston Press, Ashtead

Date: Wednesday 11 May 2011

LONDON (ShareCast) - InterContinental Hotels (IHG) was the toast of investors yesterday after it delivered a buoyant performance in the US, which accounts for about two-thirds of its profits. For the quarter just ended, IHG registered a 35% rise in operating profits to $112m. Total revenues jumped by 9% to $396m over the period, although its revenue per available room (revPAR) performance in Europe was more subdued. While the stock is less of a bargain than last summer, the Independent still recommends a buy.

Yesterday, Johnston Press published its interim management statement for the 18 weeks to 17 May. The results showed more bad news for its total advertising revenues, which fell by just over a tenth. On the upside, management has clearly kept a tight control on costs, and will benefit from lower interest payments. And although the stock is only on 2.2 times forward earnings, this is too risky a bet, and concerns over the debt continue to weigh in some quarters, says the Independent, who keeps its sell recommendation.

Ashtead is a leading rental equipment provider in the US and the UK. Over 80% of the company's revenues are generated in the US, where its Sunbelt subsidiary is the second largest in the market. Sunbelt has a market leading position amongst smaller contractors, and is likely to benefit as they increasingly decide to hire equipment rather than purchase outright. We do not feel that the market has fully appreciated either the structural growth story or the improvements made to Ashtead's operating model and believe the stock remains undervalued. Buy, says the Scotsman.

A cursory glance at BG Group's results show a deluge of problems the oil and gas group had to grapple with in the first quarter. George Osborne's tax increase hit earnings by $265m (£162m), exploration and production slowed because of the political unrest in the Middle East, flooding in Queensland, and a shutdown in the North Sea. Despite the revolts in Egypt and Tunisia - where BG is a big player - have appeared to have settled down, the Telegraph keeps its hold recommendation.

Hansard Global, the seller of long-term savings products, turned in a solid trading performance yesterday. Though IFRS profit after tax for the first nine months of its financial year fell 4% to £12.9m, this was due to increased investment already flagged up. More pertinently, new business premiums were up 37% to £162.1m and margins widened. Buy, says the Independent.

CSR has not had a lot of luck. On Monday, the day before CSR was to report first-quarter figures, its merger-partner Zoran startled the market with lower-than-expected first quarterlies. CSR shares are selling on less than ten times’ this year’s earnings, against a sector on almost fifteen. If the deal fails, they will probably rise further. It might get Zoran on good terms. It might even attract a predator itself. On that basis, the shares look like a good speculative gamble, but a gamble all the same.

---
BC

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

Hansard Global Market Data

Currency UK Pounds
Share Price 43.55p
Change Today 0.050p
% Change 0.11 %
52 Week High 48.15p
52 Week Low 36.20p
Volume 22,620
Shares Issued 137.45m
Market Cap £59.86m
RiskGrade 132

Hansard Global Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
95.69% above the market average95.69% above the market average95.69% above the market average95.69% above the market average95.69% above the market average
Sector averageSector averageSector averageSector averageSector average
Price Trend
58.98% below the market average58.98% below the market average58.98% below the market average58.98% below the market average58.98% below the market average
100% below the sector average100% below the sector average100% below the sector average100% below the sector average100% below the sector average
Income
87.30% above the market average87.30% above the market average87.30% above the market average87.30% above the market average87.30% above the market average
75.00% above the sector average75.00% above the sector average75.00% above the sector average75.00% above the sector average75.00% above the sector average
Growth
86.35% below the market average86.35% below the market average86.35% below the market average86.35% below the market average86.35% below the market average
100% below the sector average100% below the sector average100% below the sector average100% below the sector average100% below the sector average

What The Brokers Say

Strong Buy 1
Buy 0
Neutral 0
Sell 0
Strong Sell 0
Total 1
strong_buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Hansard Global Dividends

  Latest Previous
  Final Interim
Ex-Div 03-Oct-19 14-Mar-19
Paid 14-Nov-19 23-Apr-19
Amount 2.65p 1.80p

Trades for 17-Jan-2020

Time Volume / Share Price
15:17 5,026 @ 44.71p
14:40 51 @ 42.10p
14:39 25 @ 42.10p
14:38 12 @ 42.10p
14:37 6 @ 42.10p

Hansard Global Key Personnel

Chair Philip Gregory
CFO Tim Davies

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