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Sunday paper share tips.

Sunday Telegraph

SHAREHOLDERS in Rentokil Initial - the pest control-to-toilet cleaning business - have had a bumpy ride over the last couple of years but last week James Wilde, newly appointed chief executive, announced upbeat interim results with profits up 7.4pc.

So far Wilde appears to have impressed the City and, despite the recent lift in the share price to 210p, we think they have a lot further to go.

It has been two and a half hard years for Acal, the distributor of telecoms equipment and information technology components.

Full year results announced in June saw profits slip 6pc but the picture is not all gloom. Acal pleased investors by increasing its dividend and has also managed to make higher gross margins. Shares are not cheap at 597.5p but are worth snapping up in the hope that trading has stabilised.

Linx Printing Technologies makes continuous ink-jet printers which are used to put bar codes on billions of packages, bottles and jars. The small Cambridgeshire company has done particularly well in the Asia Pacific region and a new distribution system offers hope for the situation in the US. With analysts predicting a rise in profits, buy at 323.5p.

One of technology integration and IT solutions company Morse's strengths is that it continues to provide services for clients after the initial system is installed.

But as a European partner for a handful of US computer giants, it came as no surprise when Morse admitted on Friday that its sales had slumped. From being just in profit last year it was now facing a loss but, at 142.5p, worth buying now for recovery.

Sunday Times

Shares in Griffin Mining perked up when the company announced that it had raised pounds 1.68m from the issue of new equity.

More meaningful news is expected with the publication of a feasibility study on its main prospect, the Caijaying gold mine in China. At 19p, a speculative buy.

Sunday Express

First quarter results from recently floated telephone directories group Yell highlight ongoing UK print growth and strength from the US market. Currently at 320p, Merrill Lynch has given the stock a price target of 350p. Despite the risks the underlying revenue growth has been better than expectations so this is a buy.
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Copyright 2003 Gale, Cengage Learning. All rights reserved.

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Title Annotation:Features
Publication:The Journal (Newcastle, England)
Date:Sep 1, 2003
Previous Article:Business News.
Next Article:Results at Diageo will lack sparkle.

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