Sunday share tips: L&G, Conviviality, Genel, Cineworld

11th Aug 2013 20:58

Stick with Legal & General shares, the Sunday Telegraph's Questor column said. The insurer's shares hit a 14-year high after it increased its first-half dividend by more than a fifth on August 6th. Pre-tax profits for the first half rose 3% to £592m as sales broke through analysts' forecasts with a 22% increase. Based on current forecasts, the dividend yield for this year is 4.55%, rising to 4.8%, but that could prove conservative. But with the shares up 51% this year the rating stays at hold.Conviviality is a good bet on the UK's fondness for drinking at home, the Mail on Sunday's Midas column said. The company, headed by former Waitrose and Sainsbury's manager Diana Hunter, can provide solid returns for long-term investors. Conviviality stores, branded as Bargain Booze, are run by franchisees who got a stake in the company at flotation. It uses buying power to undercut supermarkets by a claimed 15%. With room to expand into the south and a master of wine on board to grow beyond beer and cider, the shares are a buy and hold, Midas said.Genel Energy shares are just 8p short of the price at which they were first offered to investors in 2011. The shares are "ready to pop", Danny Fortson at the Sunday Times wrote. Nat Rothschild formed the company when he merged the Iraqi oil explorer with a cash shell. Investors took fright when Rothschild's Bumi venture collapsed. But former BP boss Tony Hayward has increased production and Genel could hand cash back in a special dividend early next year, Fortson said. Cineworld's first-half figures should show a healthy profit increase from last year's disaster when the London Olympics glued the UK to its sofas. But investors should stay wary, the Sunday Times's Danny Fortson said. Analysts expect Cineworld to unveil first-half pretax profit up by a quarter to £18m for the first half. But without a blockbuster like last year's Skyfall the company will struggle. My Cineworld, which gives members a 10% ticket discount, is going well but Cineworld is no blockbuster, Fortson said.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.