Seymour Pierce

Those in the know at broker Seymour Pierce have taken aim at a variety of stocks this results season. In mining, analyst Charles Kernot looked at AIM-quoted Leyshon Resources following a period of positive newsflow from the company.

Earlier this month Leyshon announced it had found more high-grade veins at China's Zheng Guang gold, silver and zinc project. Drilling at Zheng Guang in north-east China's Heilongjiang area has intersected epithermal veins with values including 16 metres at 10.89 grammes of gold per tonne of ore and two metres at 53.74 grammes a tonne. Kernot reiterates his ‘buy’ recommendation and 25p target price.

Analyst Charles Peacock says Avanti Screenmedia is one to buy after the company announced the ‘long-awaited’ contract to supply Spar-TV to Tates Ltd, the largest Spar multi-site operator. The deal is estimated to be worth around £9.4 million to Avanti over five years, with Peacock estimating around one third of this to be accrued during the current financial year. Avanti announced solid full-year results in early October and Seymour Pierce maintains its ‘buy’ position given its future prospects.

Retail sector-focused software developer Torex Retail has announced a new chief executive in Neil Mitchell, with Chris Moore taking on the responsibilities of a non-executive operational role as chairman. Analyst Derek Brown expects to see a statement from the company around its year-end in December. He says trading remains strong at Torex and, despite ‘negativity surrounding the stock’, the pipeline looks solid for 2006 and beyond. Accordingly, Torex should ‘outperform’.