Stock Watch 22 March 2010

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

1.    Desire Petroleum – Investors still taking a gamble on the discovery of oil being found in the Falklands.
2.    Lloyds Banking – Buying ahead of last weeks trading update.
3.    RBS – Speculators not giving up hope on the banking sector.
4.    Kenmare Resources – Recommendation in Sunday paper.
5.    Aviva – Investors still are switching from Prudential.
The Share Centre’s top 5 shares to follow:

1.    Tesco Lower Risk – International operations and lead position in the UK should continue to reward investors.
2.    Glaxosmithkline Lower Risk Still our favoured pharmaceutical in the sector.
3.    BG Medium Risk – New discoveries and still rumours persist of a possible takeover at some point.
4.    First Group Medium Risk – Consolidation within the sector could boost share price further.
5.    Medusa Mining Higher Risk – Large Australian mining operator worth taking a closer look at.

Ratio of buys to sells = 57:43 %
Top 5 most searched for companies on www.share.com


1.    Barclays
2.    RBS
3.    Banco Santander
4.    Punch Taverns
5.    Greggs
The Share Centre’s Share of the Week
Company:
Medusa Mining    Share price: 233p    Sector: Mining
Recommendation:    Buy
Risk category:    High
Investment class:    Growth
Opinion:

The company has been on our watch list for a while and with the positive latest update and an analyst report we are promoting it to our high risk buy list.

As with all mining groups there are risks such as geological, extreme weather and political. The latter appears to be more stable of late, but investors need to be made aware of the risks when investing in emerging economies. 

Medusa’s recent concentration on development of its mine appears now to be paying dividends, as seen by its increase in forecast production allied to low costs. This is a higher risk investment geared to the gold price. Mining is a volatile sector and on the back of a recent rise in the share price, longer term investors may wish to drip feed into the stock.

Please note the share trades on the AIM market and cannot be put into 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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2010-03-25 15:22:36 © Moneyextra.com