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David Russell

News

Monday, 16th June 2008

Four deals for fast-growing Geong

Geong International, the fast-growing China-based software and solutions business, has announced the signing of four contracts with second-tier banks across the People’s Republic. Read
Companies: GNG   
Tuesday, 10th June 2008

Betbrokers bombs on trading woes

Betbrokers, the UK’s first retail and wholesale brokerage and clearing house for the sports betting industry, shed 27 per cent of its already lowly market value today on news of some troublesome trading woes. Read
Companies: BETB   

Recommendations

LED International
SPECULATIVE BUY
 16/06/2008

A boardroom reshuffle and a new concrete growth strategy have shone the light on Hong Kong-based display screen and lighting minnow LED International. Read
Companies: LED   

Ideal Shopping Direct
BUY
 13/06/2008

Home shopping company Ideal Shopping Direct’s long-term growth is based on the inexorable rise of digital television and online shopping, as well as favourable demographics, with its target audience of ageing women increasing. Read
Companies: IDS   

Pubs ’n’ Bars
SPECULATIVE BUY
 09/06/2008

Having more than doubled sales for the year to December, community pub owner and operator Pubs ’n’ Bars is helping to displace the doom and gloom surrounding the sector following last summer’s smoking ban. Read
Companies: PNB   

One Media Publishing
NO RECOMMENDATION
 04/06/2008

Pinewood Studios-based One Media Publishing, the PLUS-quoted provider of licensed music to the download industry, is an intriguing play on the migration of the music industry to digital formats. Read

Abacus Group
AVOID
 03/06/2008

Burdened with £62.9m of borrowings, Abacus, the bombed-out European-wide electronic components distributor, remains a fairly unattractive investment at present. Read
Companies: ABU   

Electric Word
HOLD
 02/06/2008

Niche business-to-business publisher Electric Word (EW) is demonstrating resilience to the tough economic conditions facing the media and marketing industries by growing sales and successfully integrating acquisitions. Read
Companies: ELE   

Discover Leisure
HOLD
 30/05/2008

For caravan and leisure retailer Discover Leisure, forecasts for the busier second half-year have been downgraded following a bout of tough trading. Read
Companies: DISL   

RDF Media Group
SPECULATIVE BUY
 28/05/2008

RDF Media’s fortunes have faltered since the BBC’s and ITV’s suspension of business with the TV production group, following last year’s controversy surrounding the editing of a clip of the Queen, which forced the resignation of chief creative director Stephen Lambert. Read
Companies: RDF   

Equest Investment Balkans
SPECULATIVE BUY
 23/05/2008

Equest Investments Balkans, which grew its assets by more than 30% last year on the back of Balkan consumer spending growth, is changing from a fund into a holding company to make its shares ‘more understandable’ to investors. Read
Companies: EIB   

Greatfleet
AVOID
 23/05/2008

'Top-down’ restructuring at troubled recruitment firm Greatfleet since last October’s change of management has stabilised the company, although a £1.7m pre-tax loss for 2007 on sales down by 9.6% to £10.3m show there is still some way to go. Read
Companies: GFG