Thursday tips round-up: Petrofac, Northgate

28th Jun 2012 07:02

In the Telegraph, Questor is cautious on the oil and gas engineering services firm Petrofac. Its long term prospects look good, but the price of oil has been falling, which has knocked Petrofac's share price. Clients also seem to be taking rather a long time to fully commit to contracts. With that in mind, Questor says hold.Northgate, the commercial vehicle leasing firm, gets the once over from Tempus in the Times. The column is sympathetic to Northgate's strategy of bringing all its competing brands under the one name, the trouble is, one third of the company's business is conducted in Spain, where things are very difficult indeed. Despite this Northgate did manage to announce a dividend of 3p per share and a solid rise in pre-tax profits. But with commercial leasing a pretty good proxy for the economy as a whole the shares won't be going anywhere fast, thinks Tempus.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.