Recent Sector News

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  Housebuilders provide 'interesting opportunities' after drop in share prices, says Citi

  According to Citi, London quoted housebuilders provide an attractive investment opportunity after seeing their shares fall on macroeconomic fears despite robust trading and improving margins and profits

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  Housing sector remains strong despite uncertain macro climate, says broker

  The home construction sector is holding strong despite the uncertain economic climate, according to Investec in its ‘Household Goods and Home Construction’ note today.

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  Brokers see buying opportunities in UK house building sector

  On Friday, both Liberum Capital and Numis Securities released research in which they argue that UK house builders, as a sector, are undervalued. Liberum believes Barratt, Berkeley and Bovis all rate as ‘buys’.

   

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  Cash Rich Costain Not Costly

  Costain Group is capitalized at £149 million and has a strong net cash position of £120.5 million, with no material borrowings.
  

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  Grainger: Contrarian property play?

  Is the housing market showing the first signs of a recovery? December’s net new mortgage lending came in at £1.9 billion, which was double the previous month and the strongest since July.
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  Kentz: Cash Rich Middle East engineer

  Kentz has been listed on stock market since February 2008 and they released an encouraging trading statement to the market on the 28th January 2009, which came in ahead of analyst’s expectations.
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  West China Cement has a Simple product and large market.

  Unlike many companies that join AIM, West China Cement is already profitable. In the full year results ending December, 2005 the company posted a net profit after tax of RMB44.4 million (£2.86 million) on sales of RMB238.2 (£15.4 million). This was a (approximately) 53% increase in sales from 2004 and 58% increase in net profits.