In a double bill of columns today, Simon Thompson has revisited two of the companies on his watch list. The first is a green energy company that has just released a bumper trading update and announced a successful debt refinancing. Trading on 13 times earnings estimates, falling to only 8 times the following year, Simon believes the shares offer compelling value especially as there is clear visibility in the company’s pipeline of new energy projects to underpin those bumper profit forecasts.
In his second column, Simon has noted an interesting announcement from a little known UK telecoms company and one that offers a bumper 5.5 per cent dividend yield to its shareholders. The shares have been outperforming the market and if Simon is right then expect this to continue for some time to come.
Elsewhere Algy Hall revisits his Monsters of Momentum stock screen. Since its inception in 2010, it has returned 97 per cent compared with 27 per cent from the FTSE All Share. Now Algy sets about choosing the new constituents and discovers in the process that following the recent market turmoil, monsters have become harder to find.
Meanwhile John Adams analyses the results of the EU bank stress tests and whether it's correct to say that the "banking crisis is behind us".
