Thursday tips round-up: Bodycote, UBM, Rio Tinto

26th Apr 2012 06:57

Bodycote, the heat treatment firm, has made a sensible purchase of US outfit Curtiss-Wright, thinks Tempus in the Times. Revenues have also been strong, 8.3% up in the first quarter, with aerospace, defence and energy particularly impressive. The shares trade at around 12 times 2012 earnings, which Tempus believes is par, the recommendation is hold.UBM, or United Business Media as it used to be known, released quarterly results yesterday. Its big events division is having a storming time, with revenues ahead by 19%, PR Newswire is flat while the marketing services unit is making a loss. But UBM's shares trade at just 10 times forward earnings and with total group revenues growing at 11% Tempus thinks this stock is a buy, "if you accept the long term strategy".In the Telegraph, Questor digs into mining giant Rio Tinto. The company makes over 70% of its profits from iron ore, much of which is sold to China. The company has just signed a joint venture with Chinese player Chalco to develop a new iron ore mine in Guinea, diversifying away from its huge Australian interests. Iron ore prices have fallen of late but Questor believes the long term case for the sector is strong given urbanisation in both China and India. On that basis, the recommendation is buy.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.