Wednesday tips round-up: Mulberry, Hammerson, Imagination Technologies

20th Jun 2012 07:06

Mulberry is a major turn off for Questor in the Telegraph. The firm has done extremely well in the recession, buoyed by demand from China, but even after recent falls it trades at an eye-watering 27.7 times earnings. This is too much in the fickle world of fashion says Questor. Avoid.Hammerson, the property company, has managed to sell most of its office portfolio for £518m. The deal means it now has around £1bn to spend on its new focus, retail property. Tempus in the Times admits the shares now look cheap against its rival Capital Shopping Centres but advises a wait and see approach until the new strategy yields some concrete returns.Tempus also considers the fascinating stock, Imagination Technologies, which makes graphics processing chips and counts Apple as a major customer. It reported very impressive results yesterday but then dropped 9%. The problem may by an extremely high price to earnings ratio of 35 times but it does control 50% of its main market. Hold for now is the advice.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