Tuesday tips round-up: Fresnillo, Michael Page, Shaftesbury

18th Aug 2009 06:05

Fresnillo argues that the twin drivers ? fundamental demand from industry and speculative investment by hoarders ? will keep silver's price buoyant over the next year. However, a glance at the price shows that it has decoupled from gold and in recent months has been more influenced by base metals. If you believe industrial recovery is imminent, Fresnillo is a good bet. If not, wait for weakness, says the Times.Michael Page's share price has risen high enough in expectation of itchy feet in the world's back office. A setback in the shares' price might make them worth a punt, if only because recovery might renew Addecco's interest, according to the Times.It is not so bad out there, especially if you invest in Shaftesbury, the property company which has its whole portfolio in the West End. For the short-term buyer, the Independent would wait until the stock softens before taking the plunge, but for those looking to buy and hold for the longer term, holding Shaftesbury is a must. Buy.Plant Health Care is expanding its partnership work with The Scotts Company, the world's leading retailer in the consumer lawn and garden industry. Full details were not released, but the deal is likely to be significant, bringing profitability closer to hand. Analysts expect the group to table its first profit in 2010. Because this is still a loss-making company, it is not one on which to bet the farm, but yesterday's news of further commercialisation of its products is welcome. The shares are now a buy, according to the Telegraph.The case for investment is that Hardy is the only London-listed group operating in the area that is expected to increase its Indian oil output by 50 per cent next year. However, while it might be worth a bet in 2010, it is not a purely high-risk exploration punt. Hold for now, says the Independent.Dubai is still courting Dragon Oil, but Bank of America Merrill Lynch is no longer advising the exploration tiddler, which, it is reported, has fallen foul of American concern about Dragon's links to Iran. Dubai's Emirates National Oil Company made an approach in June, suggesting that it would pay a modest premium to the share price for the outstanding stock, but that did not please minority shareholders. It is worth hanging on for more, according to the Times.Brinkley Mining's current price is below the net asset value of the group, meaning in reality that any progress comes for free. Buy, says the Independent.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.