Tuesday tips round-up: Evraz, Aveva, APR Energy

17th Apr 2012 07:14

In the Times, Tempus takes a peek at the fount of at least some of Roman Abramovich's wealth, the steel firm Evraz in which he holds a 30 per cent stake. Despite rumours of a possible merger with rival Severstal the shares look cheap, trading at just 5.6 times forecast earnings for 2012. But Tempus doesn't like the stock because of the strong Russian rouble and depressed steel prices. With that in mind, Evraz is a leave.Tempus does like the phenomenally successful Cambridge-based tech company Aveva, which makes software used to design oil rigs, ships and power stations. Strong performances in China, Latin America and Asia Pacific have offset concerns over its exposure to nuclear power. The shares trade on around 20 times forward earnings however so Tempus says only buy on weakness.In the Telegraph, Questor looms very keenly at APR Energy, the temporary power specialist. It failed to publish annual results on time last month prompting a fall in the share price but the actual numbers released yesterday did not have any major skeletons. With demand for emergency electricity very high Questor says buy the stock, which only trades on 13.5 times expected 2013 earnings.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