Wednesday 14 April 1999
Scottish & Southern Energy is fundamentally undervalued, argues Salom Smith Barney, which notes the shares (563p) are trading at about a 20 per cent discount to their sum-of-the-parts valuation. SSE is graded as a low-risk buy, with a price target of 693p. Investec Henderson Crosthwaite has moved Flextech (775p) back to a buy from hold after the full-year results and confirmation of additional investment in new digital interactive services Henderson has raised its target price from 705p to 850p.
Stanley Leisure (276p) says Charterhouse, pointing out that prospects in both the provincial casino market and the London high-roller market remain bleak. On a prospective p/e multiple of 17.4 and a p/e premium of 19 per cent to the sector, the shares still look too high, adds Charterhouse.
- 1 PlayStation and Xbox hacked by Lizard Squad
- 2 Christmas comes early to Hong Kong, as millions of bank notes spill out onto busy street
- 3 The 'Black Museum': After 150 years, public can visit police’s grisly crime museum
- 4 British actor Idris Elba cannot star as James Bond because he is black, says shock jock Rush Limbaugh
- 5 Vagina canoe artist defends herself over ‘obscenity’ charges
PlayStation and Xbox hacked by Lizard Squad
Antonio Martin shooting: Black teenager may have tried to ambush patrolman, says police officer's lawyer
Katie Hopkins speaks out on childhood obesity: 'Parents of fat children should be prosecuted for child cruelty'
Boxing Day snowfall set to push even more bargain-hunters online for sales
The 'Black Museum': After 150 years, public can visit police’s grisly crime museum
British actor Idris Elba cannot star as James Bond because he is black, says shock jock Rush Limbaugh
Rozanne Duncan: Ukip expels councillor for 'jaw-dropping' comments made in BBC TV interview
Germany anti-Islam protests: 17,000 march on Dresden against 'Islamification of the West'
Ukip member gets into Christmas spirit with Union Flag plea to Santa 'for our country back'
BBC director Danny Cohen: Rising UK antisemitism makes me feel more uncomfortable than ever
Alex Salmond has 'broken his word to the Scottish people' says Scottish Lib Dem leader
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