Thursday tips round-up: Tesco, Fresnillo, IGas

19th Apr 2012 06:55

In the Telegraph, the Questor column takes on the big daddy of the retailing sector, Tesco, which released results yesterday roughly in line with expectations. The problem is, those expectations followed a profits warning in January. Questor likes the turnaround plan of Chief Executive Philip Clarke, which amounts to opening less big stores in the UK, while focusing on smaller, local offerings and the internet. Buy.In the Times Tempus eyes Mexico-focused gold producer Fresnillo. It's a low profile stock, with only 23% of the shares available on the open market. On the other hand it's a FTSE 100 firm and is raking in profits on the back of a high gold price. Changes to FTSE listing rules means at least 2% more shares must be made available which may help small shareholders who fancy a bet on the price of gold: "worth a closer look" says Tempus.Tempus also likes AIM listed IGas, which owns concessions in Cheshire on which it would like to start "fracking" - that is pumping huge amounts of water into the ground to release gas. Fracking can cause earthquakes which means there are serious regulatory hurdles to get through. On the other hand, if, and when fracking becomes widely accepted, IGas shares could rocket, 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.BS