Stock Watch

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

1. Lloyds Banking Group – Investors buying after rights issue announced at lower price
2. Barclays – Investors looking for a steadier bank buying in
3. RBS – Still trading in banks
4. Gulf Keystone – Traders still are playing with this very volatile oil company
5. National Grid – Some investors are still happy with growth and also with a dividend

The Share Centre’s top 5 shares to follow:

1. Tesco Lower Risk – Released Christmas trading update, solid as usual
2. National Grid Lower Risk – Long-term defensive qualities which should attract investors
3. Shire Pharmaceutical Medium Risk – Strong pipeline and also attractive from a takeover perspective
4. ITV Medium Risk – Christmas viewing figures could help boost advertising revenues
5. Rurelec Higher Risk – Bolivian power generation company worth a closer look

Ratio of buys to sells = 56:44


Top 5 most searched for companies on www.share.com


1. Opec Security
2. Standard Life
3. DSG International
4. Debenhams
5. Legal & General

The Share Centre’s Share of the Week 02/12/09
Company: Rurelec    Share price: 18p    Sector: Electricity
Recommendation:    Buy
Risk category:    High
Investment class:    Growth

Opinion:
Rurelec’s joint venture with Guaracachi in Bolivia will provide almost 50% of the country’s power. This coupled with an expansion project in Argentina giving Rurelec a 50% share of a 128 mega watt power production, gives the company a significant position in the two regions.

Rurelec’s share price has been under considerable pressure since mid 2008 on financing concerns together with the credit crunch restricting availability of raising or re-negotiating finance. However, news that Rurelec successfully placed £2.5 million of loan notes on 10 September and the refinancing of the Bolivia operation earlier in the year, means that we expect to see improving fortunes over the medium term.

Rurelec is a high risk recovery buy.

As Rurelec is listed on AIM it is not eligible for investment in an ISA.


This data is provided by Sheridan Admans, 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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2009-12-08 13:23:45 © Moneyextra.com