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 I'm A Celebrity 2014: Jungle security stepped up after murder and 'suspicious death' near to camp
- 2 To help fuel their propaganda machine against the poor, our government has now decided to redefine the word 'welfare'
- 3 Jeremy Hunt: 'I took my children to A&E because I didn't want to wait for GP appointment'
- 4 Girl, 7, gets Tesco to remove 'stupid' sign suggesting superheroes are 'for boys'
- 5 This letter from a reader explains why women can’t play football
Rochester by-election: Ukip gains second MP as Tory defector Mark Reckless holds seat
Ukip says babies born to immigrants in the UK should be classed as migrants – which would include Nigel Farage’s own children
'Beast of Bolsover' Dennis Skinner takes Ukip MP Mark Reckless to task moments after he is sworn in
The young are the new poor: Sharp increase in number of under-25s living in poverty, while over-65s are better off than ever
Tamir Rice: 12-year-old boy playing with fake gun dies after being shot by Ohio police
Exclusive: UK approved £7m Israeli arms sales in six months before Gaza conflict
iJobs Money & Business
£16000 - £18000 per annum: Langley James : IT Support; Helpdesk, VMware; Manch...
£35000 - £450000 per annum + £3k car, £70k ote: h2 Recruit Ltd: Do you want to...
£Attractive Package: Citifocus Ltd: Prestigious financial institution seeks to...
£Negotiable: Citifocus Ltd: Experienced operational risk professional with ban...