Wednesday tips round-up: Reed, UBM, Tesco

20th Apr 2011 06:34

Publisher Reed's in-line results were met with a slight bump in the share price with the company sticking with the guidance issued at its prelims, though it kept up the tradition of holding its cards close to its chest. Peer UBM's first-quarter statement was much more detailed, and investors liked what they saw, with the shares rising strongly in response. In both cases, we did not hear anything that would make us press the "buy" button, says the Independent. That said, there was nothing so negative as to merit a "sell" stance. We'd keep holding both Reed, which closed at 537.5p, up 2p, and UBM, which was 18p higher at 590.5p, the paper says.The benefits of Tesco's international strategy were clear in yesterday's numbers. Asian sales rose almost 10% - but there was definitely a hint of caution about prospects in the East. Trading on a current year multiple of 11, the shares are attractively valued, despite the tough trading. The Daily Telegraph says buy.Yesterday's update from Promethean was far from inspiring. The interactive whiteboard manufacturer said overall trading for the first quarter was in line with hopes, with quarterly revenues down 22 per cent at £41.9m. Promethean trades on a pretty thin enterprise multiple of under 4 times, according to Altium. Taken together with the good news from Italy (the company showed off a contract to supply around 8,000 interactive display systems to Italian schools), the Independent thinks that weighs against a "sell" recommendation now. Hold, it says.Domino's Pizza failed to deliver in its first-quarter update at the end of March and the shares have been on the slide since then. However, the pizza chain is still a growth company and it looks like the shares have fallen too far. The Telegraph says buy.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.---RG