Brokers’ views: Brewin Dolphin
Tracy Mackenzie and Jack Allardyce rate Africa-focused oil and gas explorer Bowleven as a hold.
The company recently announced that the Sapele-1ST well in the Douala Basin of Cameroon had encountered a total of 23 metres of net hydrocarbon pay in the Omicron reserves based on the results of drilling, wireline logs and reservoir fluid and pressure data. The duo remark that ‘sands are thinner than those in the initial discovery well’.
Rating the shares as a hold, they identify a target price of 346p.
Strong momentum at Renew
Meanwhile, specialist engineering concern Renew Holdings is rated as a buy by analysts Michael Parkinson and James Woodrow.
The company had recently declared that The Competition Appeal Tribunal had decided to reduce the aggregate fines imposed on Renew in relation to historic cover pricing activities from £3.5 million to £900,000.
The fines relate to incidents that took place between 2000 and 2004, with Brewin opining that they were ‘part of widespread industry practice at the time’. Parkinson and Woodrow identify a target price of 93p, adding that they ‘see scope to revise this upwards given the significantly improved quality of earnings and the strong momentum created over the past few months’.
Achieve impressive returns
Gain instant access to some of the best-performing and fastest growing companies in the small cap arenaClick here
Advertisement
Stocks & Shares ISA
Online tools to make investments easy and low admin fee from The Share Centre. Find out more.
Achieve impressive returns on the go
Gain instant access to some of the best-performing and fastest growing companies in the small cap arena. Sign up NOW!
Institutional Investors in AIM 2011 - New Report
This unique study analyses the shareholdings of companies listed on AIM, extracting trends including rankings of the value and number of their investments.
Please click here to order your copy of the report or call 0207 250 7056.
Coverage of AIM, techMARK and PLUS Markets
Informative features and research on fast-growing companies, small-cap and growth stocks, penny shares, stock market tips and share recommendations, directors' dealings, company news and analysis, new issues and upcoming IPOs.
If you're interested in business tax updates visit our specialist tax guide website.
Growth Company Features, Research and Analysis
In-depth coverage of selected AIM companies within the small-cap and fast growing company sector including AIM and PLUS Markets shares and listed stocks. Company research and analysis from GCI analysts updated daily.
Popular Features
Advertisement
Latest Features
Fund manager focus 21/05/2012
Paul Marriage, who has been investing in small-caps for over a decade, explains to Ellie Duncan how his unique stockpicking strategy has produced consistent returns
Directors’ Dealings 21/05/2012
With a flurry of buys and sells taking place across the junior market, it pays to think carefully about directors’ intentions, says Ben Jaglom
Pick of AIM 21/05/2012
The tricky IPO market over recent years has led to careful vetting by institutional investors. Miles Nolan investigates two impressive newcomers
