Best of the Brokers for 21 April 2015

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LONDONMETRIC
Panmure Gordon reiterated its “buy” recommendation for the London property firm. LondonMetric has secured another distribution asset disposal for £14.4m, 60 per cent ahead of the acquisition cost of £9m and 27 per cent ahead of Panumure’s full year 2015 value estimate.

PROVIDENT FINANCIAL
Shore Capital maintained its “hold” rating for the UK financial services group. The overall market is expected to remain broadly stable, but management sees potential for minor market share gains as sub-scale operators withdraw from the industry due to the higher cost of compliance.

VICTORIA OIL AND GAS
Numis reiterated its “buy” recommendation for the London-listed company whose operations are based predominantly in Africa. It reported a production update following a significant increase in production after successful connection to the Bassa power station.