Collins Stewart believes Greene King is under valued and recommends investors “buy”. It says both growth and resilience are built into its business model and thinks its estimates are achievable. The availability of efficient debt allows the pub company continued investment when other firms are likely to struggle, it says.
Evolution Securities has issued a "buy" notice on beer brewer SABMiller. Its shares fell in the wake of Heineken's acquisition of FEMSA's beer business, a deal SABMiller was expected to tie up. Evolution recommends using this weakness as a buying opportunity, saying its valuation no-longer reflects its growth outlook.
Altium Securities maintains its "buy" recommendation on HSP. They say HSP will benefit from the changing patterns in energy supply and demand in the UK. It sums up HSP’s top skills as facilitating imports, providing technical services at ports and power stations and producing speciality coal and renewable energy.
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