Wednesday's tips round-up: Mears, Fresnillo, James Fisher

19th Aug 2009 06:29

The experts say buy Mears, but put their target price at 260p, below its current level. With momentum strongly behind the equity markets as confidence slowly returns, The Independent suggests it is the wrong time to buy Mears.If the economy takes a turn for the worst, fill your boots, but if the steady stream of more encouraging news continues, it is probably worth putting your money into something a little racier. Avoid, says the paperFresnillo 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, recommends the Times.James Fisher is likely to continue to expand my making small bolt on purchases and the shares are a buy for future growth, says the Telegraph.Like any penny stock such as Essenden - the market capitalisation is just a nudge over £7m - there is plenty of risk. Investors will have to rely on strong share price growth for any return, but we like Essenden and would take a chance. Tentative buy, says the Independent.The Times says a setback in Michael Page's share price might make them worth a punt, if only because recovery might renew Addecco's interest.Rok will no doubt benefit when the recession finally ends, but investors should wait until the group can confirm an improvement through its results. Keep an eye on Rok, but do not buy it just yet. Hold for now, says the Independent.Questor continues to prefer a broad investment in the Indian stock market to the Chinese market, but with question marks remaining over prospects for the rest of this year, the stance on JP Morgan Indian Investment Trust is now a hold, says the Telegraph.Dubai's Emirates National Oil Company (ENOC) made an approach for Dragon Oil 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, says the Times.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.