Monday tips round-up: Vedanta, Tate & Lyle

11th Jan 2010 06:44

Because of its cash position, Vedanta has been able to continue to invest throughout the downturn. Vedanta is also likely to be looking for acquisitions, particularly in copper and iron ore.Revenues are likely to grow substantially over the next few years because of its diverse commodity base. Goldman Sachs, for example, forecasts Vedanta's revenues will increase by 174% between 2008 and 2013.The shares are trading on a March 2010 earnings multiple of 23.8 times, but this falls to 11.3 in 2011 and just 7.7 based on the 2012 forecast. However, the dividend yield is relatively unimpressive at 0.9%. Buy says the Telegraph.Sugar group Tate & Lyle's yield means that these shares should be considered a long-term hold ? despite falls in the price last week. The shares have drifted lower since November but the stance remains the same. Hold for that very impressive yield says the Telegraph.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.