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News & Tips: Stanley Gibbons, Goldplat, Moneysupermarket, MJ Gleeson, Randall & Quilter, Tullow Oil, Laird, Condor Gold & more

Today's market overview

Equities are steady this morning after breaching new highs yesterday. The Trader Dominic Picarda is looking for further opportunities to go long, especially in large cap indices.

IC TIP UPDATES:

Simon Thompson bargain share recommendation Stanley Gibbons (SGI) says trading is in line with expectations after another strong performance from its internet business, which grew sales by 55 per cent in 2012.

Goldplat (GDP) says performance in the six months to December met expectations with its operations in South African and Ghana producing ‘robust’ operating profits. Expansion of its Kenyan mine is being held back by uncertainties in legislation and operational problems. Our recommendation is under review.

Sell recommendationMoneysupermarket (MONY) says it expects full year revenues to show growth of 15 per cent to £204.5m and earnings to be £66m. It grew revenues by 18 per cent in the fourth quarter, boosted by the acquisition of moneysavingexpert.com.

MJ Gleeson (GLE) sold 53 per cent more homes in the six months to December, boosting 65 per cent to £33.2m. Profits for the full year are expected to well ahead of last year. We keep our buy rating.

Randall & Quilter Investment (RQIH) has completed the acquisition of Isle of Man insurer Hicksons Insurance. Buy.

KEY STORIES:

Tullow Oil (TLW) has confirmed plans to drill 40 wells this year at a cost of £900m as it looks to consolidate its progress in Kenya and open up new oil frontiers in countries such as Ethiopia. Sales volumes in 2012 averaged 68,000 barrels of oil per day.

Aga Rangemaster’s (AGA) profits should be slightly ahead despite the poor economic conditions and a 2 per cent reduction in revenues over 2012.

Electronics business Laird (LRD) expects to meet expectations with its full year results and confirms its intention to pay a 10p a share dividend.

Property business Capital & Regional (CAL) says the value of its Mall Fund has stayed broadly stable with asset management initiatives offsetting softening yields outside of London and the south east.

OTHER COMPANY NEWS:

The order book at building services group T Clarke (CTO) was £230m at the year end against £190m a year ago with 55 per cent of 2013 expected revenue secured.

Condor Gold (CNR) has announced positive drilling results from its exploration project in Nicaragua.

READ MORE...

Read today's press headlines and share tips.

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By Graeme Davies,
11 January 2013

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