Stock Watch 12 April 2010

The Share Centre’s top 5 customer buys from the last 7 days:

1. Lloyds Banking Group – Continues to benefit from improving markets
2. RBS – Reports that a conservative government would look to sell off bank stakes sooner.
3. HMV – New strategy update impresses investors
4. Rockhopper – Buying after recent weakness caused by initial drilling update from the Falklands.
5. Desire – Buying after recent weakness caused by initial drilling update from the Falklands.



The Share Centre’s top 5 shares to follow:

1. GlaxoSmithkline Lower Risk – Defensive attractions, solid yield and new emerging market focus.
2. Reckitt Benckiser Lower Risk  - Good results shows stable growth, still further opportunities for investors to benefit from.
3. Carillion Medium Risk – Strong forward order book and chance of re-rating as it moves to support service provider.
4. Experian Medium Risk – International operations are set to grow further.
5. Churchill Mining Higher Risk – Interest in coal assets set to rise as China becomes a net importer.



Ratio of buys to sells = 61:39%

Top 5 most searched for companies share.com


1. Astrazeneca
2. Banco Santander
3. RBS
4. Greggs
5. Punch Tavens


The Share Centre’s Share of the Week
Company: Churchill mining   
Share price: 141.25p   
Sector:  Mining
Recommendation:    BUY
Risk category:    Higher
Investment class:    Growth

Opinion:
Churchill Mining is still not producing any revenues at the moment but investors should not be overly concerned by this. Losses have been reduced by over 70% as production gets ever closer. Estimates have remained unchanged and further drilling studies are currently being undertaken which may even see an upgrade of the current estimated resource.

Coal markets are starting to pick up and it was recently reported that China has now become a net importer of coal. This has occurred because hundreds of small mining operations have been shut down due to safety concerns. Also there is currently a bidding war starting to emerge for Australian coal miner Macarthur Coal; bids have come in from New Hope and Peabody Energy, both coal operators. Attention may turn to Churchill if these parties fail to secure an acceptable bid.

Churchill was one of our recommendations for the year and has already recorded gains of over 15%; we feel that there is more to come so continue to buy.

Please note the shares are not eligible for inclusion in an ISA.


THIS DATA IS PROVIDED BY GRAHAM SPOONER, INVESTMENT ADVISER AT THE SHARE CENTRE. THIS IS NOT INTENDED TO CONSTITUTE AN OFFER OR AGREEMENT TO BUY OR SELL INVESTMENTS

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2010-04-14 10:55:51 © Moneyextra.com