BEST OF THE BROKERS
GAME GROUP
Singer said it was expecting to see an improvement in trade over the most recent period for Game Group, despite a rather disappointing summer in terms of new software releases. It suggested declines of mid to high single digits in that period, and said performance over the final eight weeks will be key to full year outcome
3i
Killik & Co said yesterday that 3i, the largest quoted private equity vehicle in the UK, had benefited from the market’s shift towards risk this year. The discount has narrowed from more than 50 per cent to trade around net asset value, it said. It rates the stock as expensive, and sees better medium-term opportunities in other private equity vehicles.
RENISHAW
Accendo Markets is impressed by machine tools and engineering group Renishaw (RSW), and believes tough decisions taken by a prudent management team in the depths of the credit crunch have put the group on a sound footing for further recovery. It said the management team have earned their stars in piloting the business through the recession.