Sunday newspaper share tips
EACH weekend, This Is Money brings you a round-up of shares being recommended in the Sunday City pages. For the Mail on Sunday‘s Midas column, follow the link under Want to know more in this story. Below are tips from other newspapers.
Sunday Telegraph
Shares in advertising giant WPP have risen 25% to 570 1/2p this year, although there should be further to go as the group's target of a market upturn in 2004 nears. Third quarter results next month should also boost the price.
Pharmaceuticals group GlaxoSmithKline is due to update investors on its drugs pipeline in December, so analysts are expecting an uplift in anticipation of some positive news. Shares are a buy at 1282p.
High-speed telecommunications provider Fibernet last week announced sharply reduced losses and a surge in new contracts. With analysts looking for the company to move into the black in 2006, Fibernet is a buy at 96 1/2p.
Sondex, a company which makes equipment to monitor oil and gas fields, has been a solid performer since joining the market in June. It is due to open an office in the UAE, while revenues growth rates have increased. Buy at 133 1/2p.
Shares in specialist mortgage lender Paragon should have further to go despite more than doubling in the last year to 361p. The group, which concentrates on the buy-to-let market, should benefit from growth in the rented sector.
Eckoh, the speech application group, should net at least £100,000 from a deal with BT and TD Waterhouse to provide share prices to more than 1,000 customers. Further growth could come from a recent acquisition. Buy at 15 1/4p.
Sunday Express
In the week that Concorde is due to make its final flight, British Airways shares are tipped to take off from their current 185 1/2p. If regulators back an Air France and KLM merger, there is little to stop stronger links with American Airlines.
Property group Chelsfield's chairman Elliot Bernard is heading a management buyout bid, although shareholders are likely to hold out for a higher price. Worth a punt at 315 1/2p.
Bid speculation surrounding football club Manchester United shows no sign of ending, yet the share price - currently at 233p - has not responded in the way many City experts had expected. Buy.
