THE TIPSTER

 
Philip Salter
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SPECIALIST engineering group Smiths is expected to deliver solid interim results on Wednesday, on the back of ongoing cost-saving efforts. After hitting all-time highs around 1,440p early in 2011, the shares slipped back to around 1,250p. With Smiths seen as a target for break-up bidders, look for dips back around 1,250-1,300p to buy some CFDs. Spread Co offer a spread of 1,337p-1,341p

Commodities are still on the rise, as investors watch the ongoing unrest in the Middle East. Gold hit a high at $1,429 an ounce intraday, which is short of the record high. The future is very much unclear, so commodities could go higher. Capital CFDs quotes spot gold at $1,429.0-$1,429.4.

Full year earnings are due from London-listed ENRC on Wednesday. Even though the wider mining sector has seen a few wobbles in recent days, sentiment remains generally bullish, as demand from emerging markets continues to look upbeat. With suggestions that these results may include word on further geographic expansion, the market will be eyeing further growth opportunities. The potential may well be weighted on the upside. Current IG Markets price on ENRC is 912.1p-914.9p