Top Movers

Friday tips round up: Polyus Gold, Rank Group

By Victoria Young

Date: Friday 21 Aug 2015

Friday tips round up: Polyus Gold, Rank Group

(ShareCast News) - Polyus Gold's very healthy cost position has finally begun to impress the market, the Financial Times' Lex said.
The Russian gold miner's shares rallied 5% in the past month, Lex said, ahead of the rest of the sector.

Polyus Gold benefitted from a collapse in emerging market currencies, and had cut expenditure in areas such as spare parts and fuel, Lex said.

"If management can prise out more production growth - up 5% this past year - Polyus's future should stay bright," the above column said.

Investors in Rank Group should take profits, the Times' Tempus column advised.

The gaming operator was lucky to see bingo duty halved to 10%, Tempus said, which led to an improvement from Rank's Mecca bingo clubs and allowed increased investment.

While many gambling operators had talked about a "joined up" experience between physical venues and online, Rank is actually doing it, Tempus said.

Even in a sector with lots of merger activity, Rank looks fully valued, Tempus said, advising investors to take profits.

"The shares look fully valued after a strong run even though it still has growth prospects in the longer term," Tempus said.

..

Email this article to a friend

or share it with one of these popular networks:


Top of Page