Stock Watch 22 June 2010

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

1. BP – Investors still buying into the battered oil company.
2. Kea Petroleum – Exploration company with drilling sites in and around New Zealand.
3. Lloyds Banking Group – Still being bought, hopefully for the long-term.
4. Tesco – Good solid performer which investors should be looking for at the moment.
5. Range Resources – Gas exploration company with assets predominantly in Texas.oj


The Share Centre’s top 5 shares to follow:

1. Tesco Lower Risk – Could benefit from consumers stocking up for the World Cup.
2. Reckitt Benckiser Lower Risk – Provider of household products, solid performer.
3. Essar Energy Medium Risk – New entrant to the FSTE 100 which is worth a closer look at.
4. Stobart Group Medium risk – Solid results released last week, still a favourite.
5. Hutchison China Meditech Higher Risk – Company with bags of potential, main source of revenue from China.


Ratio of buys to sells: 62:38
Top 5 most searched for companies on www.share.com


1. Barclays
2. Opsec Securities
3. DSG International
4. Legal & General
5. Debenhams


The Share Centre’s Share of the Week
Company:
Booker     Share price:
41.95p    Sector:
Food producers
Recommendation:    Buy
Risk category:    Higher
Investment class:    Growth

Opinion:
Booker has had a stellar performance over the past 12 months considering the economic downturn, with sales via the internet showing a significant rise. More businesses are placing orders on-line and having goods delivered direct instead of travelling to the outlet.

Such has been the popularity with Indian restaurants currently supplying 4,100 it was suggested that the company consider a move into India.  As a result its first store opened in Mumbai in 2009 and its performance will be closely monitored.

Booker’s latest set of figures reported better than expected profits; a rise of 21% was recorded as revenues from India started to add to figures. Moves are afoot to expand its presence in India with a second store opening in Mumbai this year and other ventures to be opened shortly.

Booker is upping the ante with its expansion policy whilst also improving its yield.  The internet business is also growing rapidly and this all bodes well for the future.


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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2010-06-22 15:31:39 © Moneyextra.com