Graham Spooner, investment research analyst at the Share Centre, picks three top shares among the most popular purchases by equities clients in the last seven days.
National Grid – Interest in the shares on the back of news that a number of bids had been received for its gas distribution arm, which it put up for tender last year. The interested parties include a Chinese -led consortium. The stock has been on our buy list for a number of years and remains our favoured utility company, for lower risk investors geared to income.
Galliford Try – Shares in house builders continue to split opinion amongst analysts and investors. The company came out with a solid set of results in mid-September and there was some positive press comment regarding the group. We currently do not have a recommendation on the shares, but have noted the yield attractions and the fact that it has a construction arm involved in infrastructure projects. Medium risk.
Sound Energy – Another drilling report continued to focus attention on the group. There has been much excitement surrounding the company over the last three months and its Morocco gas field. We currently do not have a recommendation on the shares. The risk remains higher.
Graham, whose 35-year career has taken him via Chase Manhattan Bank and City of London Investment Management, now advises on a wide range of investments at retail stockbroker The Share Centre.
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Warning: Remember, particularly if you are new to trading in the stock market and in forex, that the prices of shares and other investments can fall fast and you may not get back the money you originally invested. The material here is for general information only and is not intended to be relied upon for individual investment decisions. Take independent advice before making such decisions. Also, the BullBearings free stock exchange simulation portfolios are a good way to practice trading techniques.
Thu, 1st Jan - * (ShareCast News) - Banks and miners led the FTSE to a lower close Friday, in a session awash with blue-chip news including disappointing annual results from Royal Bank of Scotland and Standard Chartered, among other stocks reporting.