Wednesday tips round-up: TUI Travel, Greene King, Electra

2nd Dec 2009 06:40

While its German and French divisions are still struggling, TUI chief executive Peter Long said he saw no reason why all its businesses could not make margins of at least 3%. Pricing, as capacity is kept in line with demand, should also remain firm. 2010 promises to be another tough year, but at 243p, down 2.6p, or ten times forward earnings, hold on says the Times.Greene King has put in some stellar numbers. The company, which has nearly 2,500 pubs in its UK estate, posted impressive results yesterday, with half-year profits rising to £62.4m from £60.7m a year ago. Brokers say the top end of the business is trading well but problems bedevil the tail. Even so it's a buy says the Independent.Armed with a strong balance sheet ? it has potential firepower of £280m ? Electra Private Equity should be able to pick up the sounder assets that are starting to be sold by banks, who have no desire to own them longer term. At £12.18, or a 29 % discount to historic net asset value of £17.20, the shares are a buy says the Times.Silverdell specialises in removing hazardous waste, particularly asbestos, should have had a good year given its reliance on legislation and longer-term contracts, but crippling levels of debt have done for the stock over the past year. Even so, the shares look undervalued says the Independent. Buy.Property group Shaftesbury's secret is operating in a tightly bounded nich in ondon's West end, where the supply of new space is thin and tenant demand remains strong. Its portfolio is heavily skewed towards shops and restaurants. At 392p, or a 17% premium to adjusted net asset value per share, and yielding 3.1%, buy on weakness says the Times.Bango's software allows mobile phone customers to make online payments for services including games and ringtones. Revenues in the first half were up 83% to £12.32m, and losses fell from £590,000. Hold says the Independent.As the global economy rises and exports increase, the Vietnamese economy should bounce back. Although pressures on the dong remain, the long-term Vietnam story is intact. Shares in VinaCapital Vietnam Opportunities Investment Trust remain a strategic buy, says the Telegraph.Contractor May Gurney's shares are trading on a March 2010 earnings multiple of 11.2, falling to 10.5 next year. The company is confident on the UK market for outsourcing of essential services and the stance remains buy, says the Telegraph.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.