Friday tips round-up: Grainger, Booker, SABMIller

20th May 2011 00:39

Grainger buys portfolios of occupied residential properties, takes the rents and, once they are vacated, sells them for development. Grainger's residential portfolio rose in value by 2.8% in the year to March 31, and operating profits before one-offs were up 234% to 59.4m. That discount would seem too wide, even if the shares have had a strong run since late last year so, long-term, they look like good value, says the Times.Booker's market worth is hovering around the £1 billion mark, not bad for a business that almost disappeared under its burden of debt a few years ago and with a recession in between, too. The cash-and-carry retailer saw like-for-like sales rise by 5.1 per cent in the financial year to March 31. The shares sell on a near-18 times multiple of this year's earnings, which merits little more than a hold ? although any weakness would suggest a buying opportunity, says the Times.Brewer SAB Miller seems to have plenty of top and bottom-line growth ahead of it in fast-growing markets, including China, although this momentum means its shares are trading on a multiple of 16 times forward earnings for next year. While we remain fans of the company, and its beers, we would wait for the shares to cool down, says the Independent.The Times notes that SABMiller shares jumped 24p to £22.90¾ yesterday and sell on about 15 times this year's earnings, a premium to its large peers. Immediate progress could be limited, but more good news later in the summer could provide some impetus. It too has a hold recommendation.TalkTalk was spun out of Carphone Warehouse in March 2010, and yesterday marked the landmark occasion of its first full-year results announcement as an independent telecoms group. It has been a mixed year. There was growth in revenues and in earnings before interest, taxation, amortisation and depreciation, but the numbers missed analyst hopes. Hold, says the Independent.Please note: Digital Look provides a round-up of news, tips and information that is impacting share prices and the market. Digital Look cannot take any responsibility for information provided by third parties. This is for your general information only as not intended to be relied upon by users in making an investment decision or any other decision. Please obtain a copy of the relevant publication and carry out your own research before considering acting on any of this information.