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Here at the Market Insider we pick the best of the week’s boardroom wheeler dealing and analyse it for you. Using our properietary system, we’ll tell you which stocks to buy and which to avoid.

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The Insider

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The Insider’s Guide

Pick of the Week

IMI, the unloved metal basher, wins a resounding thumbs up. The entire senior team used all or part of their annual bonus to buy shares 465p, which is a big vote of confidence in prospects. The stock has rebounded quite strongly since its autumn collapse, but obviously our insiders think there is more to come. IMI is one of those firms that has really carved a niche out for itself - it makes pumps - so won’t be as exposed to the downturn as the rest of the engineering sector. One of the its core strengths is its exposure to the oil and petrochemicals sectors, which still booming despite the economic downturn. I found an interesting piece of research from the broker Evolution, which looks at the fortunes of the engineers and draws a parallel with what happened in 1998/99 when the industry valuations last collapsed. It found the sector P/E went from 13.1 to a low of 8.8 then back to a 12.9 - an all in little over a year. Using that analysis, then there is still around another 25% upside to be made from investing in the likes of IMI. With market in such a downbeat mood last week, you can now pick IMI up at 459p. Set a stop loss of 360p.

Worth a Look

The boardroom buyers were out in force at Brit Insurance (BRE) with the deals done at around 264p. Good job you didn’t follow them on the day of the announcement (10-4) as they are now down to 247p. Even so, the company is generating a high conviction buy. The stock is more than £1 off its year high, which means nothing in these markets, but close to its three-month peak. Set a stop loss of 210p.

The hedge fund manager Charlemagnehotel furnishing in Bulgaria (CCAP), scores highly on the directors’ deals scale. A whole boardroom bevy - including uber rich boss Jayne Sutcliffe - bought in after last week’s underwhelming results, where assets under management dropped quite markedly.
One thing that puts us off wading in all guns blazing is the fact that sentiment is against the financial sector at the moment and hedge funds in particular. We would avoid it for the moment, but if you are tempted set a tight stop loss of 32p.

What Not to Buy

See Climate Control (CLE) non-exec Klaus Gierstner has been out buying. Not one for us. Perhaps carbon credits and emission trading will take off. But this has the whiff of a dotcom stock about it. Last reported revenues £2m, market capitalisation £740m. See what I mean.

A little birdie has steered me clear of Pursuit Dynamics (PDX), which he reckons will be the target of a bear raid. I don’t really want to pass on the rumour doing the rounds as it may be unfair and defamatory if untrue. But mind your eye.

I had to laugh when I learned that Anglo-American (AAL) boss Cynthia Caroll cashed in £1.4m-worth of shares in the miner in order to buy a house. Seems the banks are really getting picky who they lend to these days.

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Recent Articles

post Holidaybreak

MARCH PICK …… SIGN UP FOR OUR FULL SERVICE TO LEARN MORE ABOUT THE AMAZING SUCCESS OF THE MARKET INSIDER STOCK PICKING SERVICE…………LEARN MORE ABOUT THE BOARDROOM DEALS THAT SHAPE STOCK PRICE AND HOW OUR SYSTEM BEATS THE MARKET

Management has been buying this one all the way down from around 700p, which on the face of it possibly doesn’t make them savvy investors. But the intensity of the last flurry makes us believe there is something the market is missing.

The Market Insider Says

Sir Bob Ayling has been around the block a bit, not least as the former boss of British Airways. So we were always interested when he started buying stock in Holidaybreak, where he is chairman.

While the directors were active after a lacklustre set of prelims towards the end of last year (1,2,3), there was nothing of the intensity of what we have seen in the last two days.

Ayling and chief executive Carl Michel significantly bolstered their holdings, while the two divisional directors and one senior non-exec also waded into the market.

The latest swoop was timed to coincide with a reasonably upbeat assessment of trading, with the company’s newly formed education business firing on all cylinders.

For those of you who don’t know Holidaybreak, this is a firm that used to specialise in cheap and cheerful camping escapes to the South of France. Since then the group has expanded into London theatre breaks, short trips to the Continent and adventure holidays for kids through its PGL division. At around 10 times earnings, the shares are reasonably cheap – which won’t have escaped Ayling’s notice!

Our advice: Buy at 600p and set a stop loss of 480p.

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post QXL

James Targett of Citigroup application loan payday,payday loan application1 hour loan payday,payday loan in 1 hour,1 hour payday loanloan till paydayno fax payday cash advancepayday loan best rate,best loan payday,best payday loangeorgia in loan paydayquick payday loanonline payday loan servicecash till payday loanfax loan missouri no paydaymoney tree payday loansavings account payday loanfaxless payday loanadvance cash net payday usacash loan payday tillfaxless loan online paydayno fax payday advance loanlow interest payday loanpayday advance loan,payday advance loan illinois,payday advance loan new yorkeasy payday loanlow cost payday loanez money payday loanfaxless loan payday,instant faxless payday loan,faxless low cost payday loanchicago in loan payday store,chicago loan payday storecash advance until paydaydebt get loan paydayinstant loan military payday,instant fax payday loan,instant loan paydayconsolidation debt loan paydayapproval guaranteed loan paydayadvance loan payday software? ?cash,advance loan payday,advance faxing loan no payday1 hour payday loanadvance cash loan payday wiredamerica cash loan payday,cash america payday loanno fax payday loanno credit payday loancash advance servicescash advance no credit check,advance cash check credit no online,advance cash check credit noinheritance cash advanceadvance cash overnightadvance cash overnight,advance cash loan overnight,overnight cash advancepay day cash advance payday loan,pay day loan cash advancecash advance company,advance cash company loan,advance advance cash company heircash advance new yorkeasy fast cash advance,advance cash fast faxing no,fast cash advanceadvance cash loan payday quickcheck cash advance,advance cash cashing check gainesville,gainesville,advance cash cashing champaign,champaign checkno faxing cash advance,advance cash faxing loan no,advance cash faxing loan no paydayadvance america cashadvance cash loan online paydaycash international loan payday services states the bleeding obvious when he says the potential bidder could be eBay. No shit Sherlock.

He says base on the recent bid multiples in the sector an £18 a share take out price can be justified. At this point he then loses the plot again and falls back on a DCF valuation of closer £16.

Talk about consistency.

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post PlayTech

Collins Stewart says buy up to 447p after the KPIs.

Analyst Stephen Ford says: ‘At present Playtech trades on a 2008 P/e of 17.6x, broadly the same rating as Party and 888.

Given the consistent delivery of growth from its high quality business model and with 49% EPS growth forecast for 2008, we believe this rating is far too low.’

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post Punch Taverns

Big call from Evos analyst Nigel Parson, who says buy and reckons the stock is 30% undervalued.

Not sure whether I agree short term given the chaos created by the smoking ban. If were me, then I’d come back in six months’ time.

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post Blinkx

The New York French Press deal does nothing to lift Citi analyts Mark Sugarman’s recommendation on the stock. He is still a seller at 26p.


post Sainsbury

Two failed bids and we are back to square one. Management seemed willing to open the books on both occassions. What does this say about their committment to Sainsbury as a PLC?

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post Bezant Resources

Another announcement seems to reinforce what we have said in the past - this is a decent bet on the gold price.


post Lehmans on banks

John Pearce at Lehmans has taken on the task of picking the winners and losers in the sector. He says that most risky are the companies with large investment banking operations. He singles out Royal Bank of Scotland as a potential loser.
Winners that offer low risk and reasonably high growth include Standard Chartered, Santander and BBVA.

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post Sainsbury

Numis is bullish on the fundamentals, but admits the share price target needs to come back. It was 600p, although we are putting it under review, as it is likely to come down to somewhere between 475p and 500p, which would equate to 20x Dec 08 EPS (8x Dec 08 EBITDA). ‘

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post Vodafone

Lehman Brothers has raised its price target 20p to 215p.

Older Articles

Shire

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Northern Rock

Bezant Resources

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