Friday tips round-up: Ophir, Unite, Consort Medical
Fri 31 Aug 2012
LONDON (SHARECAST) - Questor in the Telegraph gets to crow over its tip of the year, Ophir Energy. The company has moved up by nine-tenths since a recommendation at the beginning of 2012 after a hugely successful oil and gas drilling campaign in east Africa. This is 'the place to be' in resources and even though Ophir hasn’t produced any oil or gas, its discoveries put it in a very strong position. Questor says those who have the stock should get rid of half their position to cash in, otherwise, hold.
Student property specialists, Unite Group, gets the thumbs up from Tempus in the Times after revealing profits from operations that were nearly double analysts' expectations on Thursday. The £14.4m figure almost gets Unite to its full year targets and the demographics of student accommodation are in its favour. Applications for places haven’t fallen by as much as had been feared despite the rise in fees. Early progress may be slow after a big surge yesterday but Unite Group is a buy.
Medical devices maker Consort Medical also gets the nod from Tempus. It has some intriguing products under development, notably a smokeless cigarette, while its video laryngoscope is producing stellar sales after just a year on the market. Trading at 13.5 times earnings, the suggestion is “buy on weakness”.
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