Sunday tips round-up: BG, Accsys, Gulfsands

9th Aug 2009 11:26

Shareholders have done well out of oil and gas group BG and some who bought shares back in the 1980s or even in 2006 may be tempted to take profits. There is no harm in selling some stock - maybe even 30%- but hold on to the rest. This company is solid, reliable and should continue to deliver for many years says the mail on Sunday.Accsys Technologies has pioneered a process that can give softwood and even MDF (medium-density fibreboard) the properties of hardwood. Shares are currently 62.3c 9euro), but some brokers believe they should be worth double that figure. The stock is not for the cautious, but for adventurous investors these shares could prove richly rewarding says the Mail on Sunday.Insurer Novae has been cleaned up and got ready to take advantage of the increasing premiums the market is now seeing. At 299p, the shares are trading well below the net asset value of 389p and yield just 5%. Fund manager Andy Brough will be looking to add to his holding at this level, he writes in the Mail on Sunday.There was more positive new this week from oil producer and explorer Gulfsands Petroleum. The company said that it had successfully completed the expansion of its early production facility at Khurbet East in Syria. It now has a capacity of 18,000 barrels per day. The shares are trading on a December 2009 earnings multiple of 9.2 times, falling to 6.7 in 2010. This is a growth share, so it does not pay a dividend, making it unsuitable for those investors pursuing an income strategy. Buy says the Sunday Telegraph.Last week's trading update from contractor Mouchel reassured and the shares moved higher, The shares are trading on a current year earnings multiple of 7.2 times and yielding 3.5%. Hold says the Sunday TelegraphOnline fashion retailer ASOS will see increasing competition going forward. In the autumn, John Lewis will launch a fashion website using a similar model, with branded goods and John Lewis merchandise. Goliath Tesco also plans to launch a fashion website later this year. The shares are trading on a March 2010 earnings multiple of 19.4. Take profits says the Sunday 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.