Investor Today
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The Share Centre
Stock Watch – 29 June 2010The Share Centre’s top 5 customer buys from the last 7 days
1. BP – Investors are still buying into the battered oil company.
2. Kea Petroleum – Poor drilling results have not put investors off buying.
3. Barclays – Buying ahead of the G20 meeting that happened at the weekend just gone.
4. Lloyds Banking Group – Buying ahead of the G20 meeting that happened in the weekend just gone.
5. Booker – The Share Centre share of the week commencing 21st June.
The Share Centre’s top 5 shares to follow:
1. Tesco (Lower Risk) – Could benefit from consumers stocking up for the World Cup.
2. GlaxoSmithkline (Lower Risk) – Recent weakness in share price pushed yield higher, looking cheap also.
3. BHP Billiton (Medium Risk) – New Australian Prime Minister may have re-think over the ‘super-tax’ planned to be implemented on Mining companies.
4. Royal Dutch Shell ‘B’ (Medium risk) – Good alternative to BP, solid yield, currently over 6%.
5. Hambledon Mining (Higher Risk) – High risk play within the gold mining sector.
The Share Centre’s Share of the Week
Company:
Essar Energy Share price:
453.8p Sector:
Oil and Gas producers
Recommendation: Buy
Risk category: Medium
Investment class: Growth
Opinion:
Essar came to market in early May this year and immediately disappointed; the share price slipped from its 420 pence listing to as low as 358 pence. Since then the shares have rallied and have benefitted from other companies’ woes within the sector as investors seek alternatives.
Essar would be a reasonable investment we feel as this enables investors to have access to a rapidly expanding economy, India and with that expansion comes certain needs, the need for power and energy. Essar covers both of these bases with its oil and gas exploration business and the power generating side of the company.
We are not sure if the company intend to issue a dividend but we are confident that the share price should provide enough interest for investors, hence we commence coverage with a buy.
This is a summary of an opinion provided by Nick Raynor, investment adviser at The Share Centre. Full details of this recommendation can be found by registering at www.share.com
The Share Centre is authorised and regulated by the Financial Services Authority.
About The Share Centre:
The Share Centre was established in 1990 to provide value-for-money share services for private investors. Its range of services includes buying and selling shares (by Internet, telephone and post) and a comprehensive share administration and safe custody service. Tax-efficient investment ‘wrappers’ including ISAs, CTFs and SIPPs are also available.
The Share Centre’s Advice team provides comment on market sectors, individual shares and funds on www.share.com. Access is available to customers and registered users of the site. Registration is free. To understand how our Advice team arrive at their views please read our Investment Research Policy
In addition, account customers can receive individual telephone advice on UK-listed shares and on funds traded via the CoFunds trading platform.
The Share Centre Limited is a member of the London Stock Exchange and is authorised and regulated by the Financial Services Authority under reference 146768.
Registered in England No. 2461949. Registered office: Oxford House, Oxford Road, Aylesbury, Bucks. HP21 8SZ.
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