Digital Look broker talk - UPDATE

10th Nov 2011 11:44

Experian: "Experian offers investors strong economics, including high barriers to entry, solid growth, gentle margin expansion and strong cash conversion. With our generally constructive view on its Brazilian growth angle we remain buyers" [Citi].Experian: "The half year numbers are a win win on every metric, and if that isn't enough, the 14% increase in the dividend completes a compelling investment case" [Prime Markets].Admiral: "Although we believe that Admiral remains among the best managed non-life companies in Europe, earnings transparency is low until the reasons for the acceleration in large bodily injury claims become clear" [UBS].Tullow Oil: "The depth of Tullow's exploration portfolio remains unparalleled in the UK E&P space in our view and [yesterday's] Montserrado news does not change the long-term attractiveness of its portfolio" [Credit Suisse].Capita: "While we believe the company is well placed in the medium term, we see increased competitive pressures in the near term, with organic growth likely to remain negative for the foreseeable future" [Panmure Gordon].HomeServe: "With on-going share price weakness, an update on its UK sales is welcome. The risk of mis-selling issues remains unknown but real. We stay cautious ahead of the accompanying conference call" [Panmure Gordon].