TAN tipped in Money Week today.
Top Ten Retail Investor Buys & Sells for w/e 18 January 2007
19 January 2007
Angus Rigby, Chief Executive Officer, TD Waterhouse, commented: This week the FTSE reacted to the increase in inflation from 2.7 to 3 per cent. Analysts had expected a rise following last week’s increase in interest rates to 5.25 per cent; however the jump was greater than anticipated. The benchmark FTSE 100 traded flat on Tuesday as the news was digested, slumping to lows around 6170 early afternoon on Thursday.
Banking sector shares continued to be popular with our investors this week with HSBC, Lloyds TSB and Royal Bank of Scotland all featuring in the top 10. HSBC traded up 1.31% on Thursday afternoon following an announcement from the company that it had agreed to buy Chailease Credit Services Co Ltd, Taiwan’s sixth largest factoring company. HSBC Holdings said it would expand its factoring services in Taiwan; the world’s second largest factoring market.
A strong demand for flat screen televisions and laptop computers buoyed up the electrical retail sector over the Christmas period. DSG International, one of this week’s top 10 buys saw its share price rise 2.19% on Thursday following its trading statement on Wednesday. Overall sales in the electronics company increased 14% in the six months to November 11, like for like sales were up 5% in electricals and 3% in computing. The company has announced that sales in France and Italy will not meet expectations this year. Kesa Electricals announced that high street chain Comet has seen sales jump 7.7% over Christmas, while French store Darty’s sales rose 4%. Kesa prices traded up 1.17% on Thursday.
Tanfield Group makes its debut appearance in this week’s top 10, featuring as one of our clients’ most popular buys. The company has seen its shares rise steadily; they are now over 200% up on the last year, at 64.00p. Tanfield the electric-powered vehicle maker recently announced that it has secured its largest fleet order to date with a contract for more than 160 machines with a value of €3.5m. Also Tanfield's specialist vehicles division, Smith Electric Vehicles, is on course to launch various new zero emission commercial vehicles in 2007.
Top 10 Buys
1 BP
2 HSBC Holdings
3 Partygaming
4 BHP Billiton
5 Tanfield Group
6 Henderson Morley
7 DSG International
8 Lloyds TSB
9 Burren Energy
10 Xstrata