Share Name Share Symbol Market Type Share ISIN Share Description
Upstream LSE:UPS London Ordinary Share KYG7393S1012 ORD 0.25P (DI)
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.00p +0.00% 1.625p 0.00p 0.00p - - - 0 05:00:10
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
6.3 0.4 21.9 0.1 2.23

Upstream (UPS) Latest News

Real-Time news about Upstream (London Stock Exchange): 0 recent articles
More Upstream News
Upstream Takeover Rumours

Upstream (UPS) Share Charts

1 Year Upstream Chart

1 Year Upstream Chart

1 Month Upstream Chart

1 Month Upstream Chart

Intraday Upstream Chart

Intraday Upstream Chart

Upstream (UPS) Discussions and Chat

Upstream Forums and Chat

Date Time Title Posts
21/10/201616:57SHARES STRONGLY UP during October 2016398
01/10/201615:47SHARES STRONGLY UP during September 2016504
01/9/201600:09 SHARES STRONGLY UP during August 2016507
09/8/201600:10SHARES STRONGLY UP during July 2016531
01/7/201614:37SHARES STRONGLY UP during June 2016311

Add a New Thread

Upstream (UPS) Most Recent Trades

No Trades
Trade Time Trade Price Trade Size Trade Value Trade Type
View all Upstream trades in real-time

Upstream (UPS) Top Chat Posts

Upstream Daily Update: Upstream is listed in the sector of the London Stock Exchange with ticker UPS. The last closing price for Upstream was 1.63p.
Upstream has a 4 week average price of - and a 12 week average price of -.
The 1 year high share price is - while the 1 year low share price is currently -.
There are currently 137,401,194 shares in issue and the average daily traded volume is 0 shares. The market capitalisation of Upstream is £2,232,769.40.
master rsi: Oil, Gas Roundup Stratex International (LON:STI) has entered into a service agreement with Goldstone Resources Ltd, in which it holds a 33.45% interest. Under the terms of the agreement, Stratex would provide technical services to support Goldstone for a monthly fee of £1,750 plus VAT as well as a further fee in respect of any specific work streams, including but not limited to project management and analysis of results from exploration programmes. * * * SOCO International (LON:SIA) non-executive director Marianne Daryabegui has stepped down from the board following the expiry of her initial contract term this month. This is due to her employer now limiting its employees' participation as non-executive directors. The board thanked her for her excellent service and for her invaluable contribution to the company during her tenure of office and wishes her the very best for the future. The board has particularly valued and benefited from her independent thought and objectivity along with her extensive experience in oil and gas corporate finance. * * * The sector's biggest risers were Empyrean Energy (LON:EME) and Borders & Southern Petroleum (LON:BOR) - up by more than 59% and over 34.4% respectively in late trading. The biggest fallers were Gulfsands Petroleum (LON:GPX) and Solo Oil (LON:SOLO) - down by 8% and more than 4.3% respectively. At 4:07pm: (LON:AUR) Aurum Mining PLC share price was 0p at 2.58p (LON:BOR) Borders Southern Petroleum PLC share price was +0.67p at 2.87p (LON:CHAR) Chariot Oil Gas Ltd share price was -0.07p at 8.81p (LON:EME) Empyrean Energy PLC share price was -7.25p at 1.75p (LON:ENQ) EnQuest Plc share price was -1.87p at 29.88p (LON:GKP) Gulf Keystone Petroleum share price was -0.02p at 1.32p (LON:GPX) Gulfsands Petroleum PLC share price was -0.25p at 2.88p (LON:INDI) Indus Gas Ltd share price was +2.38p at 487.38p (LON:PET) Petrel Resources PLC share price was 0p at 6.13p (LON:RKH) Rockhopper Exploration PLC share price was -0.37p at 27.63p (LON:RPT) Regal Petroleum PLC share price was -0.02p at 3.73p (LON:SIA) SOCO International PLC share price was -1.5p at 138.75p (LON:STI) Stratex International PLC share price was +0.1p at 1.9p (LON:XEL) Xcite Energy Ltd share price was +0.16p at 1.66p
whites123: MAYA : Mayair. 2 trades of 5000 shares go through (These are not destined for share buyback) and the result is, NMS tightens up and increase of 8% showing. Folk... DYOR etc, but it really is a coiled spring waiting to pop. The company has an approved mandate to buy back 10% of stock at an average price of £1.42. (£5,500,000) all stock bought below means the top price payable goes up. MAYA : Mayair. Very limited PI interest showing in MAYA (Mayair) still, but with just 2 small PI trades showing of £3,700 total the share price has risen some 8%. The company has an approved mandate to spend over £5,500,000 on share buy back program. Its a squeeze of epic proportions. Do some research people... Im like an over excited kid as I have not seen this situation for many a year. MAYA : Mayair Close to £5,500.000 still to spend on share buy back program. Averaged out that equates to over £1.40 per share, but all those bought lower means the upper price to pay can well exceed that marker. Tripling of the share price is easy once stock is in demand. Its a squeeze of epic proportions in the waiting. And yet another RNS from MAYA showing a further share buy back. Each and every time the rns comes out the price increases. Yesterday just 2 purchases. 1 from a PI buying 2,500 shares and the other purchase was a share buy back by the company. They have the mandate to buy approx a further 4 MILLION shares back. The share price will explode... Anyone else here excited about MAYA? (Mayair) They want to buy back 4,247,500 shares (10%) for a maximum of £5,755,750 They have already bought back 340,000 shares for £205,611 So they still have to buy back 3,907,500 shares with £5,550,139 They can pay up to 142p (£5,550,139 / 3,907,500) to acquire the outstanding stock but for every share they buy below 142p, they can pay more than 142p to complete the buy-back, so the price should keep stepping up. The objective of the buy back seems to be to get the share price up. This could triple from here. 19th Oct -2016 RNS today showing they bought back more shares.. In a lightly traded stock like this they have the mandate to buy back almost 4,000,000 more. Where will the share price be by then? Many many multiples of todays price is my best guess.
master rsi: CLOSING MARKET REPORT FTSE gains on retailers, banks and miners The FTSE 100 advanced 0.8% to 7,000 on strength among retailers, banks and miners as the UK inflation rate spiked. Next (NXT) and Marks and Spencer (MKS) rose over 4%, while Royal Bank of Scotland (RBS) and Standard Chartered (STAN) made positive gains. Strong copper and gold prices helped to boost Polymetal (POLY) and Glencore (GLEN) by more than 3%. West Texas Intermediate (WTI) crude oil fell below the $50 mark to $49.90, while Brent crude oil slipped 0.2% to $51.39 per barrel, respectively. Gold glittered at $1,261 per ounce and copper nudged higher to $4,629 per tonne. TOP STOCK MARKET NEWS Bookmaker William Hill (WMH) ended talks over a possible £4.5bn tie-up with Amaya, owner of the world's biggest poker website. Investors were happy the company planned to focus on online, technology, efficiencies and international expansion as the stock nudged higher to 307.47p. Inflation increased by 1% in September according to the Office for National Statistics, as clothing and fuel became more expensive. In the US, inflation was 0.3% higher in September said the US Bureau of Labor. FTSE 100 RISERS AND FALLERS Fashion designer Burberry (BRBY) was one of the biggest fallers on the London Stock Exchange despite posting growth in revenue in the first half of its financial year. It benefited from the weak pound which is expected to benefit full year retail and wholesale profit, but investors fretted over fading growth. FTSE 250 RISERS AND FALLERS Housebuilder Bellway (BWY) rose 6% to £23.86 after its pre-tax profit rose 41% in its financial year ended 31 July. Following the Brexit vote Bellway said it sold more homes at a higher price, and reservation levels surged beyond the previous year. SMALL CAP RISERS AND FALLERS Investment company Cambria Africa (CMB) shot up 172% to 1.7p on a positive trading update, including a 44.7% increase in consolidated EBITDA from $1.23m to $1.78m in the year to 31 August. Online musical retailer Gear4msuic (G4M) reported a 74% growth in profit from £3,305,000 to £5,754,000 in the six months to 31 August compared to the same period in 2015. Revenue also increased by over 70% due to rising web traffic and higher conversion rates. Investors were frustrated with KEFI Minerals (KEFI) as it considered various financing proposals for the development of Tulu Kapi, pushing shares 16% lower. Software and solutions firm 1Spatial (SPA) was in negative territory after revealing loss after tax widened from £1.5m to £2.1m in the first half of the year. Budget airline Ryanair (RYA) cut its full-year forecasts which blamed the drop in the pound following the Brexit vote. It said net profit will be 5% lower at €1.3bn to €1.35bn, but this failed to deter investors as it gained 4.9%. Online fashion firm ASOS (ASC) fell 3.3% to £51.54 on lower profit margins, despite revenue climbing from £1,143m to £1,444.9m in the year to 31 August. Mining firm Diamondcorp (DCP) launched a company-wide strategic review in response to its funding squeeze and possible interest in the company by third parties. Investors think this will trigger a complete buyout of the busines, this, and the restart of operations on its Lace mine, saw the share price to soar 51.2% to 3.1p. Emerging hopes of a recovery in core oil and gas markets sees coatings specialist Hardide (HDD) gain 8.6%. Figures for the full year to 30 September are in line but the second half surge in demand was seen as evidence that its industry backcloth is improving. Commodity and banking stocks push FTSE higher By StockMarketWire | 18/10/2016 - 11:51 The FTSE 100 gained 0.9% to 7,010 on higher commodity and oil prices, which boosted mining and resources stocks. Randgold Resources (RRS), Polymetal (POLY) and Fresnillo (FRES) were the biggest risers, climbing at least 2.8%. Barclays (BARC) and Royal Bank of Scotland (RBS) also pushed the blue chip index with gains of over 2%. West Texas Intermediate (WTI) was 1% higher at $50.46 and Brent crude oil advanced 0.9% to $52 per barrel, respectively. Gold gained 0.5% to $1,261 per ounce and copper rose 0.3% to $4,651 per tonne. TOP STOCK MARKET NEWS Bookmaker William Hill (WMH) ended talks over a possible £4.5bn tie-up with Amaya, owner of the world's biggest poker website. Investors were happy the company planned to focus on online, technology, efficiencies and international as the stock rose 1.5% to 309.4p. FTSE 100 RISERS AND FALLERS Fashion designer Burberry (BRBY) slumped 7.7% to £13.95 despite posting growth in revenue in the first half of its financial year. It benefited from the weak pound which is expected to benefit full year retail and wholesale profit, but investors fretted over fading growth. FTSE 250 RISERS AND FALLERS Housebuilder Bellway (BWY) nudged higher to £22.75 after its pre-tax profit rose 41% in its financial year ended 31 July. Following the Brexit vote Bellway said it sold more homes at a higher price, and reservation levels surged beyond the previous year. SMALL CAP RISERS AND FALLERS Budget airline Ryanair (RYA) cut its full-year forecasts which blamed the drop in the pound following the Brexit vote. It said net profit will be 5% lower at €1.3bn to €1.35bn, but this failed to deter investors, boosting its share price by 2.8%. Online fashion firm ASOS (ASC) fell 7% to £49.60 on lower profit margins, despite revenue climbinh from £1,143m to £1,444.9m in the year to 31 August. Mining firm Diamondcorp (DCP) launched a company-wide strategic review in response to its funding squeeze and possible interest in the company by third parties. Investors think this will trigger a complete buyout of the business, causing the share price to soar 52.4% to 3.12p. Emerging hopes of a recovery in core oil and gas markets sees coatings specialist Hardide (HDD) gain 8.6%. Figures for the full year to 30 September are in line but the second half surge in demand was seen as evidence that its industry backcloth is improving. Mining minnow Premier African Minerals' (PREM) £0.3m cash call to buy into a new gold project failed to excite investors. The company said it is buying a 4.5% stake in Mauritius registered Casa Mining, which holds prospective gold mining and exploration licences in the Democratic Republic of Congo. Investors focused on a 36% discount needed to get funding triggering a stock price crash of 8.6% at 0.36p. FTSE resumes upward bent ahead of inflation data By StockMarketWire | 18/10/2016 - 08:53 London stocks resumed their upward trajectory this morning on the back of heady gains among miners, supermarkets, property stocks and some high-street retailers. The market is looking to a raft of UK and US inflation data out today. Informa (INF) guided blue chips higher with a 2.87% surge to 680p. It was followed by Randgold (RRS), up 2.6% to 6997.5p, Rio Tinto (RIO), up 1.96% to 2639.25p, and BHP Billiton (BLT), up 1.78% to 1214.75p. Polymetal International (POLY), up 2.38% to 870.25p, is firmly on track to meet its annual production and cost guidance. Soon after the open, FTSE 100 was up 59.58 points, or 0.86%, to 7007.13, while FTSE 250 was ahead 161.67, or 0.91%, to 17,954.2. At 8.39am, WTI crude was up 0.94% to $50.41/bbl and Brent was up 0.95% to $52.01/bbl. Gold was ahead 0.48% to $1262.6/oz. Overall, risers outnumbered fallers 91 to nine. Every sector was represented to the upside in a session that has so far been rich in blue-chip corporate news. Commercial property followed Intu (INTU), up 1.79% to 292.55p. House builders traced Barratt (BDEV), ahead 1.3% to 474.8p. Tesco (TSCO), up 1.78% to 204.88p led supermarkets. Retail outfit Next (NXT) added 1.27% to 4561p, but Burberry (BRBY) dived 6.32% to 1416.5p, said its ambitious revenue growth and productivity plans were on track. H1 total revenue fell 4% on an underlying basis to £1,159m. Legal & General (LGEN), up 1.17% to 208.1p, said Sir John Kingman will take up his appointment as group chairman with effect from 24 October. Bellway (BWY), up 2.87% to 2314.5p, has reports another record year, further increasing the number of new homes sold, which has resulted in a substantial growth in earnings. EPS rose 42.0% to 328.7p, with proposed total dividedn up 40.3% to 108p. Vodafone (VOD), up 0.37% to 225.28p, and HiWEB, an Iranian ISP, today jointly announced a new non-equity Partner Market agreement for Iran. BIGGER MOVERS DiamondCorp (DCP), up 29.27% to 2.65p, said mining has resumed mining at the Lace diamond mine and also announced that it has put itself up for sale. Hardide (HDD), up 17.14% to 1.03p, expects to report FY results in line with current market forecasts, with H2 seeing an improvement over H1, as projected at the time of the interim results. Chaarat Gold (CGH), up 14.68% to 9.49p, has declined a cash offer -- at a premium of about 30% -- to buy the Chaarat deposit. It said the expression did not reflect the concrete progress it was making towards crystallising the underlying value of the deposit. Premier African Minerals (PREM), down 12.5% to 0.35p, has acquired a 4.5% stake in Casa Mining (CASA), which holds prospective gold mining and exploration licences in the Democratic Republic of Congo. It also raised £0.3m at 0.32p a share to fund the deal and for working capital. LONDON HIGHLIGHTS Marshall Motor Holdings (MMH), up 10.22% to 151p, notes the recent movement in its share price and, other than general speculation surrounding the potential impact of Brexit on the UK economy and the automotive sector in particular, directors know of no reason for this movement. Mkango Resources (MKA), up 6.67% to 4p, said the Government of Malawi has granted a further two-year renewal for Exclusive Exploration Licence (EPL) 0284, in south-east Malawi. Solo Oil (SOLO), up 4.44% to 0.24p, said site preparations for the Ntorya-2 appraisal well have now been completed and that mobilisation of the Caroil#2 rig from the Ntorya-1 wellsite is underway. Utilitywise (UTW), up 4.21% to 5.38p, has improved its FY pretax profit to £18.4m, from £14.1m. Total dividend was 6.5p a share, from 5.0p. Revenue was £84.4m, from £69.1m. ASOS (ASC), down 3.07% to 5168.5p, has reported FY retail sales up 26% to £1,403.7m, driven by strong product, delivery improvements and further price investments across its major markets. Continuing pretax profit before exceptionals rose 37% to £63.7m. Ladbrokes (LAD), up 2.54% to 141.4p, was confident of delivering FY results in line with its expectations after its fourth consecutive quarter of year-on-year net revenue growth in Q3. Orogen Gold (ORE), up 2.44% to 0.02p, is strongly encouraged by preliminary modelling of its 2016 drill results at Mutsk, Armenia, and has step-out holes planned to the north and south with an immediate drilling start-up. Shanta Gold (SHG), up 2.3% to 11.13p, said Q3 has been another solid quarter, setting it up to deliver at the top-end of FY production guidance and once again improving its position on costs with a further reduction in target AISC to US$690 - 740 /oz, from US$730 - 780 /oz. William Hill (WMH), up 1.94% to 310.8p, said that, after canvassing views from several major shareholders, its directors have decided the company will not pursue merger discussions with Amaya. Other stocks in the news included Paragon Entertainment (PEL), Hays (HAS), InterQuest (ITQ), Clinigen (CLIN), Rare Earth Minerals (REM), Polymetal International (POLY), Future (FUTR), Botswana Diamonds (BOD), Tethyan (TETH), Accesso Technology (ACSO) and Altona (ANR).
master rsi: Banks are 'most attractive' trade right now By James Sym of Schroders | Fri, 14th October 2016 - 13:33 Banks 'most attractive' trade right now To our minds an investment in European banks represents potentially the single most attractive opportunity in our asset class. It is that very rare thing in the post quantitative easing (QE) investment world: a "fat pitch" or, for those unfamiliar with baseball parlance, an easy ball to hit. This will appear an incongruous statement. Banks have been the dogs of this investment cycle and readers will no doubt be familiar with many of the well-worn threats to the industry. Anyone doubting the wisdom of an investment in this sector is certainly not alone; our analysis suggests nearly nine out of ten professional investors in Europe are underweight the sector. To state the obvious, in a sector so unloved, given these stocks are trading way below fair value, a subsequent increase in their share prices would be incredibly painful for the many portfolios with little to no exposure. Why then do we take the other view? Our investment theses typically take place in three steps. Firstly, identify why the shares trade as they do. In other words, what's the problem? Secondly, identify why the key inputs have to change. And thirdly, when these initial conditions change, how much money could you make? Banks trade on ultra-cheap valuations To start with then these stocks are somewhere between very and outrageously cheap. For example, one of the better northern European banks might typically offer a 6% dividend yield. Venture to Italy and one can find dividend yields in the double digits. Not bad if you have spare cash for investment in a world where interest rates are 0% and over half of all European government bonds globally yield less than 1%. But why do banks trade so cheaply? Almost by definition it's because the market views the current level of profitability as unsustainable. There are the threats that make good headlines such as litigation and regulation, as well as the vague notion that new technology somehow renders the banking model obsolete. But there is one overriding, pernicious threat that has dominated the discourse around banking boardrooms across Europe over the last couple of years. And that is zero (ZIRP) and then negative interest rate (NIRP) policy from the European Central Bank (ECB). Monetary policy has hurt banks' profits There is no doubt that the alphabet soup of ZIRP/NIRP/QE has damaged banking profitability, and for the duration these policies are in place it will continue to do so. For those lucky enough never to have had the misfortune of trying to digest a bank's financial statements, it's perhaps enough to observe that since Mario Draghi announced QE in January 2015 forecasts for banking sector profits are down by over 20% and share prices by more than 30%. So we've identified the problem - excessively loose monetary policy. However we think these excessively loose monetary policies are currently under review - and rightly so. Why? Most obviously, they have done very little to stimulate demand and inflation as they were designed to do. Consider that Japan has tried ZIRP for 20 years and in the West it's approaching a decade. And economic growth has been virtually non-existent. As an aside I respectfully suggest the neo-classical economists' models, which tie low rates to booming economies, might need a rethink. Unintended consequences More alarmingly from our own experience we are seeing more and more often how counter-productive these policies are for generating economic growth. For example a recent meeting with one of Europe's largest banks confirmed that because of their low share price (which is a function of low rates and consequently low profits) they are instructing their individual business units to restrict lending to only the most profitable, lowest risk loans. This is not great if you are a small business with a new product to launch or a domestic industrial company with a factory to build. Make no mistake: this is deflationary and it is counterproductive. No wonder then we have the rise of political alternativists across the continent: Marine Le Pen, Podemos, Cinque Stelle, Alternative fur Deutschland, Freedom Party to rattle through the five biggest eurozone economies. The great collective wisdom that is represented by Western democracy is flexing its muscles. Self-preservation is a very powerful force when the elites are confronted with a policy choice: witness the recently changed rhetoric on austerity and fiscal stimulus. Policy change as inflation returns But what's the catalyst? What forces the policymaker's hand? The glib answer is it doesn't matter because the majority of banks trade below book value, which is the stockmarket's way of telling them to shrink. Given that 85% of all credit in the European economy is funded by the banks, it's obvious this policy is unsustainable and counterproductive. However, there is another, shorter term factor that will give central bankers cover to declare victory and move to a more balanced approach and that is the return of inflation. In the next one to two years inflation is likely to come back as the oil price has stabilised. Most models suggest a 1.5% to 2% headline reading by 2018 which is pretty much the objective of the ECB. While the rhetoric around fiscal policy changed at the beginning of this year, the rhetoric about changing monetary policy has just begun. So it must happen. Bond yields should rise. In this highly distorted and manipulated market they are the wrong price. Small change in rates = big impact on profits So to the third and final key question: why does this matter for bank shares? What's the upside? We can cut this a number of ways. For a country like Spain where the profits of the banking system are fairly quick to recognise the impact of a change in rates, an increase of 2% on bond yields (so for example German 10 year Bunds moving from -0.2% to +1.8% yield; not exactly outrageous and only back to 2014 levels) would be a more than 50% profit upgrade. Given they start very cheaply, we would expect at least this much back in share price terms plus the dividends. Or we could look at where the bank sector traded when bonds were last at these levels: that would again give more than a 50% return for the sector overall. Finally we might take a more fundamental approach and conduct an analysis of what the future dividend stream would be worth today if it proves sustainable. This would produce around 200% upside in a world of low growth with inflation near target levels. Conclusion: when our scenario of higher-but-still-low rates and normalised inflation comes to pass, these shares should fly. Higher quality banks likely to be the winners A final word on stock picking. While it is true the sector as a whole is cheap, we think there is little point deviating from investing in the very strongest banks. In fact some companies have been able to grow revenues even in this difficult environment. Those that have the biggest headwinds are ceding market share to the winners and there is more than sufficient upside in these winning stocks to keep us interested. It is true also that there is elevated political uncertainty across Europe so we see little benefit in ‘bottom-fishing' (i.e. buying the very cheapest banks). In summary then we can see why in a world of low rates the investment community has steered clear of banking stocks. However rising interest rates are just a matter of time and the impact for banking share prices could be very material indeed, with returns perhaps measured in multiples not percentages. Given our analysis you will be unsurprised that while nine out of ten funds are underweight, we have one of the highest weightings to financials generally, and banks specifically, across all European equity funds. Past Performance is not a guide to future performance and may not be repeated. The value of investments and the income from them may go down as well as up and investors may not get back the amounts originally invested. Exchange rate changes may cause the value of any overseas investments to rise or fall.
master rsi: 15 stocks with substantial upside - By Interactive Investor | Thu, 6th October 2016 - 15:16 15 stocks with substantial upside With the FTSE 100 (UKX) near an all-time high and economic data strong, the UK's reaction to Brexit has shocked many City pundits. But, as we edge closer to "B-day" - or at least when Article 50 is triggered next year - and continue to negotiate the terms of how we leave the union, uncertainties persist. In response, broker Barclays has tweaked its Top Pick portfolio, which it reckons can deliver 23% upside. "The subsequent unprecedented monetary reaction from the Bank of England, the benign and ongoing positive data surprises, and the corporate world's rapid move to head off panic and promote the benefits of weaker sterling have subdued volatility and restored the uneasy equilibrium between uninspiring earnings growth, late-cycle dynamics and a lack of investable alternatives which seem to continuously loop back to equities as the 'last man standing'," says the Barclays team in a meaty 50-page note. Underpinned by cheap valuations, Barclays is "cautiously" confident equities will continue to "grind higher" in the fourth quarter, preferring the cyclical sectors consumer discretionary, financials and industrials. Their portfolio of 28 European top picks has 23% potential upside, according to Barclays, and offers a secure 3.2% yield. The energy sector has the most profit potential, while power & utilities have the least upside. Boasting of average earnings per share growth of 17.5% and trading on a price/earnings (PE) multiple of 13.2 times, the portfolio is cheaper than the European index, which trades on a multiple of 14.4. The portfolio has an average return on equity of 22%. Below, we detail the investment case for the 15 London-listed members of the portfolio, which also includes the European quote for consumer groups Unilever (ULVR) and Ahold Delhaize (AHOG), Société; Générale (GLE) and industrials SAFRAN (SAF), BMW (BMW), Vastas Wind Systems, Vinci (DG) and AENA (A44). Retailer Luxottica Group (LUX), tech groups SAP (SAP), Nokia (NOKIA) and Orange (FTE) and Swedish miner Boliden (BDNNY) also made the list. Making way for the new additions Vinci, WPP (WPP), Société; Générale and Unilever, Barclays kicked out ASOS (ASC), Grifols, REX (REX), Linde (LIN) and ING (ING). graph 1 Imperial Brands (3,927p) Target price (TP): 4,400p - Upside: 12% Imperial's (IMB) improving organic sales momentum, profitability and cash generation should underpin double-digit dividend growth over the medium-term. As a sub-sector, tobacco's high barriers to entry and protected profit pool positions it well against risks seen elsewhere in Staples, and Barclays reckons Imperial's margins will continue to outperform, especially in the US. There are some short-term pressures: UK competition, losing a PMI distribution contract and EU regulatory costs. But with its brand migration strategy ahead of target, cost efficiencies on track and currency headwinds set to turn into a benefit, things should get better. Its share of the attractive US market has also stabilised over the last year, with investment to step up a gear. "IMB is trading on a CY 2017E PE of 14.2x, but we believe the c.25% PE discount of Tobacco to Staples in Europe is overdone," say the analysts. BP (473p) TP: 600p - Upside: 27% Barclays has tipped BP shares up to £6 for over three months now, although a lot has happened to confuse the investment case. Restating its bullish view for the oil giant, BP (BP.) trades on 10.8x Barclays' 2017 earnings per share (EPS) guidance, a discount to Shell's (RDSB) 12x. BP has protected its dividend throughout the collapse in oil prices, and the shares now trade with a 6.5% yield, compared to Shell's 6.8%. Repeating its 'overweight' rating, Barclays reckons BP's investment story lies with its imminent production growth, better margins, better efficiency and an ability to grow the portfolio without an acquisition. With oil prices now expected to trade above $50 a barrel in 2017, cash flow should increase by $4.5-5 billion. We covered the story yesterday, read it here. Ophir Energy (79.17p) TP: 125p - Upside: 58% Concerns over the quality of Ophir's (OPHR) Fortuna Floating Liquefied Natural Gas project has caused the group to significantly lag its European peers in the valuation tables, trading at a 45% discount to its tangible net asset value (NAV) compared to the sector's 20% average discount. With a project PV10 breakeven of under $4/million cubic feet (mcf), the project's strong economics position it well to join forces with upstream partners without reducing its 80% stake and keep on track for first gas in 2020. The priority is to ensure midstream partner Golar can deliver the converted vessel and finalise gas sale agreements. Finding an upstream partner to free up capital for other exploration can be put off until after the Final Investment Decision. Taking advantage of low drilling costs, a two-three well campaign could start in early 2017 in Myanmar and Cote d'Ivoire. Petrofac (906p) TP: 1,250p - Upside: 32% With its valuation at multi-year lows, it's not been easy for Petrofac (PFC). Disappointing execution of the Laggan-Tormore project, controversial decision-making, slow order intake, higher working capital and the recent departure of its CFO has weighed on sentiment. But with underlying profitability, a solid order backlog and management's determination to improve cash flow generation, Barclays reckons the fundamental investment case is "intact". 3i (675p) TP: 700p - Upside: 3.7% While the UK economy has surprised most in its strong reaction to the decision to leave the EU, there is no doubt that global macro uncertainties are only going to increase into next year. With the upcoming US elections and invoking Article 50, investors will want an investment sanctuary. Private equity giant 3i (III) is one such safety net, reckons Barclays, boasting of defensive characteristics and strong net asset value growth potential. With strong weighted earnings growth behind its private equity portfolio, the group has promised a 16p base dividend and a proportion of net realisations for 2017. Last year a dividend of 22p was the equivalent of a 3% yield. Prudential (1,441p) TP: 1,648p - Upside: 14% A true bull on the pensions group, Prudential (PRU) is the one true large-cap growth stock in the European insurance sector, reckons Barclays. Of course, it is exposed to industry risks and no investment is truly "safe", but the analyst reckons there is enough underlying growth momentum. With market-leading businesses in Asia, the US and UK, its record of growing earnings by 17% (compound annual growth rate) since 2004 is likely to ease back to 9% over the next five years, but this doesn't cloud Barclays' sentiment. Barclays says: "We believe Prudential is the only large-cap company in the sector with sustainable compound growth over a prolonged period, and that the multiple of 10x FY 2017E earnings does not reflect any premium for this growth." Derwent London (2,486p) TP: 3,500p - Upside: 41% A repeat outperformer of the UK Real Estate Investment Trusts, Derwent London (DLN) delivers returns over that of the London office market. Even though post-Brexit concerns have weighed on sentiment, Barclays reckons the experienced management team can succeed with its £800 per square foot portfolio trading at a 25% discount to sport net asset value. While the analysts don't rubbish concerns over macro uncertainty, they reckons low vacancy rates and limited supply should stop rents falling as low as the share price suggests. Wolseley (4,492p) TP: 5,000p - Upside: 11% Wolseley's (WOS) US business is on the cusp of a multi-year opportunity to expand in its fragmented core and adjacent markets. While a fifth of its sales come from online - and this is growing - 95% of its competitors have no internet offering at all. Delivering 4% US sales growth last year despite headwinds, Barclays is confident in its outlook for 2017. The UK business has so far held the group back, but a new strategy should be able to turn this around. Investors will hope the Nordics division can share the same fate. Even against European uncertainty, earnings should still grow at high-single-digit percentages (on a compound annual growth rate (CAGR) basis). Oxford Instruments (657p) TP: 970p - Upside: 48% While industrial and scientific tool maker Oxford Instruments (OXIG) remains high risk, there is the potential for high reward here, reckons Barclays. 2016 earnings were in line with guidance, but the better-than-expected debt level is likely to have grown again due to its earnout payments and dollar-denominated debt. Still, Barclays reckons the majority of this risk is discounted into the current price. On a positive note, the US research budget outlook looks good and Oxford should benefit from sterling's devaluation. Redrow (405p) TP: 432p - Upside: 7% Unlike some of its peers, housebuilder Redrow (RDW) continues to invest in its own future growth, which should underpin performance further out as the current housing cycle shows no signs of slowing down. Its re-entry into the London housing market includes the recent Colindale scheme that has gross development value of over £1 billion, but the majority of its units will be priced at less than £600,000 - the upper limit of the help to buy scheme. Yes, investors will have to sacrifice near-term dividends, but they will get exposure to a longer-term growth story, says Barclays. Ashtead (1,310p) TP: 1,279p - Upside: 2.4% A key driver of sentiment over equipment rental company Ashtead's (AHT) share price is the health of the American economy, so Barclays' belief that the US is just slowing and not entering a recession should be taken well. With market conditions supportive of the rental industry, the non-residential property market should continue to climb higher, allowing Ashtead to outperform - given its track record. Investors should expect some margin outperformance as its rental stores mature, which is expected to be the share price catalyst. WPP (1,808p) TP: 2,100p - Upside: 16% Over the last ten years, which includes a recession, marketing group WPP has grown organic revenue by 2.8% and EPS by 10% (on a CAGR basis). With recent results ahead of expectations, Barclays reckons management will continue to deliver double-digit EPS growth during times of growth, recession and recovery. The largest listed advertising group, management reckon it will achieve full-year organic growth of over 3% and a 30 basis point jump in margins. While the group trades at a premium, it's deserved reckons Barclays. SSE (1,542p) TP: 1,675p - Upside: 8.6% Kitted out with a sustainable 6% forward dividend yield, diversified business mix and exposure to structural growth in renewable and regulated networks, SSE (SSE) is Barclays' top European Utilities pick. Although there is concern UK supply regulation may become tighter than recent recommendations, the utility group has limited exposure. Even a cancellation of Carbon Price Support will reduce cash profit by just 2%. Paddy Power Betfair (8,820p) TP: 11,500p - Upside: 30% Barclays' favourite in European leisure, the analysts see the Paddy Power Betfair (PPB) brand as the recent merger of the two best quality names in the sector. Its multi-year growth story includes the potential for strong free cash flow growth and subsequent capital returns. Strong EPS growth will be underpinned by high operational gearing and no balance sheet constraints. "Scale is key and the business operates in structurally growing markets, with a strong management team and leading technology platform that can benefit from centralised technology and resources to develop new products to segment and target consumers in order to take market share," says Barclays. Cineworld (572p) TP: 665p - Upside: 16% With consumers still going to the cinema, even during periods of economic weakness, Cineworld's (CINE) defensive nature looks attractive. With limited supply growth in the industry, minimal exposure to the National Living Wage and attractive cash flow, Barclays is bullish on the group. Its cash flow allows it to finance its rollout, refurbishments and 55% payout ratio, while still paying down debt. EPS is expected to increase 10% over from 2015-2018, and its 2017 dividend currently yields 3.6%. "This offers investors double-digit total shareholder returns assuming no change in the PE multiple," they add.
master rsi: How BP can narrow the valuation gap - By Harriet Mann | Wed, 5th October 2016 - 14:49 How BP can narrow the valuation gap Less than three months ago, Barclays upgraded its price target for BP (BP.) to 600p. The broker still thinks the shares are worth that money, but a lot has happened since then to cloud the investment picture. BP currently trades on 10.8 times Barclays' earnings per share (EPS) estimates for 2017, a discount to Royal Dutch Shell (RDSB) on 12 times. The prospective dividend yield is broadly comparable at 6.5% and 6.8% respectively. "Although we see a clear valuation argument for owning BP shares, we do recognise that valuation alone has rarely proved enough for individual companies in the oil sector to outperform, with the stocks having the ability to remain cheap for long periods of time," writes analyst Lydia Rainforth. "Yet the coming 18 months for BP should see the results of a multi-year improvement programme, making a meaningful difference to the bottom line without the drag of both elevated Macondo-related payments and restructuring charges that remain over the course of 2016." Rainforth repeats her 'overweight' rating on the oil major, arguing that four key messages from BP's field trip to Azerbaijan in June have been overlooked: imminent production growth, better margins, better efficiency, and an ability to grow the portfolio without an acquisition. Rainforth still thinks BP should be trading 28% higher at 600p, not seen since Deepwater HorizonOil prices are now expected to trade above $50 a barrel (/bl) in 2017 following OPEC's shock agreement to some level of production cut for the first time in eight years. BP's share price has surged 9% since the news, filling the gap left after BP's double-digit summer slide. Trading at an intra-day high of 470p, Rainforth still thinks the shares should be trading 28% higher at the 600p not seen since the Deepwater Horizon oil disaster in 2010 - that cost BP an eye-watering $61.6 billion (£46 billion). Chief executive Bob Dudley has been adamant he would "rebalance the financial framework" to sustain the dividend he increased just before the industry collapsed. It's been controversial, but efficiency has improved - cash costs have fallen by $5.6 billion over the last year. Rainforth reckons the reduction in capex and planned project start-ups will also help cover future dividends from organic cash flow with oil prices at $50-55 a barrel in 2017, just a tad higher than where they are now. With a simpler portfolio and more efficient operations across both its upstream - exploration and production - and downstream - refining and marketing - businesses, BP's production and cash flow should surge. It wants to add 800,000 barrels of oil (kboe/d) to 2015's daily production by 2020, with 500kboe/d of capacity available in just 15 months' time. Watch out for its North Sea projects Quad 204 and Clair Ridge in the first half of 2017 and the Khazzan project in Oman. Not only will these growth and other projects increase production, but they'll also be more profitable. Expect operating cash margins 35% better than the current portfolio. In a $50/bl world, this should increase cash flow by $4.5-5 billion, with total pre-tax cash flow estimated to be around $7-8 billion. Despite the widely-held belief to the contrary, BP also has enough options for growth past 2020 "without the need for a big acquisition", upstream chief executive Bernard Looney said at the field trip. What constitutes as "big" is clearly up for debate, but this should ease some concerns. "This improving financial and operational performance comes at a point when the share price is offering a yield of 6.5% and over 30% potential upside to our 600p per share price target," says Rainforth. "As such we see a material opportunity for the share price to continue to rerate. BP is our Top Pick in the sector and we rate the stock 'overweight'."
master rsi: When will sloth-like Lloyds make its move? - By Alistair Strang | Thu, 11th August 2016 - 10:23 Lloyds Banking taxpayer share price technical analysis flat trading moves target We last commented in our headline feature against Lloyds (LLOY) nearly three weeks ago. The intervening period has witnessed the share price moving by sod all. It was trading at 56p on 21 July and on 10 August, it closed the session at 55.43p. The intervening period experienced a bandwidth of around five pence, whereas the FTSE 100 itself has enjoyed growth of 2.5% and a bandwidth of 250 points. As can be guessed, we're frustrated at the share's lack of activity. Even RBS (RBS) & Barclays (BARC) are showing early signs of some reasonable activity. The funny thing about Lloyds also comes from its sloth-like behaviour, as this tends to give a clue as to what is planned. The situation now, allegedly, is of movement above just 55.87p mid-price provoking growth toward 57.2p. Given the tight spread the share tends to enjoy, this is actually fairly reasonable but, as the chart below highlights, such a small movement takes the price above the immediate downtrend and into a region where 64p becomes our next point of interest. graph 1 This 64p thing will prove to be of considerable interest to our in-house nerd. There's a downtrend (dashed blue) which dates back to 2007 and we've no idea yet whether it will prove important. We suspect it shall prove to be an issue, as closure above this level will make it difficult for us to avoid strong speculation about the future. There is a further downtrend since 1999 which currently intercepts the share price at 88p and we're comfortable this is a real trend, one which, if bettered, should herald the start of an optimistic story against this share. The "problem" the market faces in the near term is a lack of excuses stopping the price increasing if the share actually were to close above the dashed blue line, as we'd expect a challenge against the price's long-term downtrend. Obviously, this attitude only works if you accept the stance of "the market" trying to stop a share price increasing in value... The alternate situation Lloyds therefore faces is an attempt at a slowdown. Movement now below 51p justifies eyebrow action, as it could easily provoke reversal toward 46.75p, very effectively double-bottoming the share. Aside from the unpleasant detail of closure below 46.75p pointing at 33p or less. For now though, Lloyds share price seems on the edge of being forced to "show and tell".
master rsi: Six top share picks with 29% upside - By Harriet Mann | Mon, 11th July 2016 - 14:12 Six top share picks with 29% upside Perhaps tired of the negative narrative dominating the past fortnight, financial markets look much more optimistic this week. True, it's been confirmed that businesses have stopped investing as much since Brexit, and domestic UK stocks have been treated harshly, but as the dust settles, some pearls of value have been found amongst the wreckage. Global growth forecasts have been cut by 0.5 percentage points, with analysts at Barclays forecasting a 2017 UK recession and meagre 0.6% euro area growth. As analysts scramble to adjust financial forecasts in response to Brexit, average earnings guidance has been cut by 2.6% for 2016 and 6% for 2017, pulling average share price target down by 10.5%. But, as the countervail prescribes: it's not all bad. Not only will the weaker pound support UK exporters, but pockets of value have emerged among oversold cyclical and growth stocks, triggering upgrades in the diversified financials, media, tech hardware and oil services sectors. The post-Brexit popularity for staples and healthcare is set to remain for some time, too, argues Barclays. A list of the broker's 29 European top picks made its way into our inbox first thing - and the headline figures are impressive. The portfolio of tips offers a potential 32.4% total return over the next 12 months, plus a prospective dividend yield of 3.1%. After the post-Brexit equity exodus, the portfolio also looks decent value on a 2017 price/earnings (PE) multiple of 14.8 times, while generating a free cash flow yield of 7%. The portfolio's exposure to both UK and continental stocks is split evenly and features industrials Linde, Boliden, Safran and BMW, in addition to Vestas Wind Systems and AENA. Consumer group Ahold also made the list, joined by financial giant ING, healthcare group Grifols, media company RELX, retailers Luxottica, technology firms SAP and Nokia, and phone network Orange. We look at the six London-listed stocks with the largest upside, according to Barclays, offering an average potential capital return of 29%. Imperial Brands Consumer Replacing British American Tobacco (BATS) as Barclays' top European Beverages & Tobacco pick, Bristol-based Imperial Brands' (IMB) (formerly Imperial Tobacco) growing organic sales momentum and margin/cash generation should support double-digit dividend growth in the mid-term. In addition to high barriers to entry, the tobacco sub-sector has a protected profit pool, which is attractive given competition elsewhere in staples. Early signs that Imperial is able to plug share losses are encouraging, with the US stabilising since November and Winston and Kool brands expanding. There'll be headwinds in 2016 with the loss of its PMI distribution contracts, EU regulation costs and currency, but mid-term margins are set to grow - its brand migration strategy is ahead of expectations. With a target price of 4,400p, the shares have 8.4% upside from 4,058p currently. The shares trade on 16.5 times forward earnings, not too demanding given projected earnings growth of 13%. Ophir Energy Energy The oil sector was sent into a tail spin in the summer of 2014 as oversupply pushed energy prices off a cliff. Some are still reeling from the sell-off, but there are pockets of serious value here. While BP (BP.) and Petrofac (PFC) have jaw-dropping upside of 34% and 58.3% respectively, Ophir (OPHR) takes the lead with a target price of 123p reflecting 74% of untapped value. Investors are naturally cautious over management's desire to resume exploration activity and have been questioning the quality of the Fortuna floating liquefied natural gas (FLNG) project in Equatorial Guinea, which has caused it to underperform its European peers - it now trades at a 47% discount to Barclays' tangible net asset value (TNAV) versus a peer group average of minus-18%. But first gas is still on track for 2020, as its strong project economics allows Ophir to sanction without reducing its stake. Its exploration programme also identifies opportunities with returns below $50 per barrel of oil equivalent (boe) across a reasonable time. Barclays wouldn't be surprised if a 2-3 well campaign is launched in Myanmar and Cote d’Ivoire next year. Derwent London Financial services Pipping Prudential (PRU) to the post with 34% upside, Barclays reckons the largest real estate investment trust (REIT) focussed on central London, Derwent London (DLN), is worth 3,500p. It has consistently outperformed its UK REIT peers, with returns well above the London office market. "To assemble a portfolio valued at £800 per sq ft would be a challenge in today’s investment market," said the analysts. "With what we consider to be the most experienced management team in the sector and trading on a c.30% discount to spot NAV, we see Derwent's current valuation as attractive." Of course, recent uncertainty is going to hit demand, but limited supply should mean rents fall less than the market is pricing in. The group also delivers market-beating returns thanks to its focussed business model, consistent strategy and conservative balance sheet management. It’s also an excellent developer with a flexible pipeline. Redrow Industrials Housebuilder Redrow (RDW) comes out on top of the industrials sector, as it continues to invest for future growth to capitalise on the current housing cycle. There are big potential macro-economic potholes ahead, but Barclays reckons the cycle still has a way to run with many of these trends positive. You aren't going to get the big dividends you find elsewhere in the sector, this stock should reward investors looking for long-term growth. With a target price of 364p, the shares offer investors a potential 12% upside and don't look too expensive with a PE multiple of five times. The group leap-frogged scientific kit manufacturer Oxford Instruments (OXIG), equipment rental company Ashtead (AHT) and heating and plumbing firm Wolseley (WOS). SSE Power & Utilities Yielding an attractive but sustainable 6% and with a diversified and balanced business mix, SSE (SSE) is clearly Barclays' top pick for European Utilities. The analysts reckon there should be upside from current wholesale commodity price weakness, with the company enjoying growth from its organic renewables and regulated networks. Recent risks to retail have also been removed, with recent CMA Energy Market Investigation recommendations and the government's move to index the UK Carbon Price Support. Barclays reckons the shares are worth 1,650p, which is 5% above its current 1,559p share price. Paddy Power Betfair Retail As a multi-year growth story and with strong free cash flow and capital returns, Paddy Power Betfair (PPB) is Barclays' top pick in European Leisure - overtaking online retailer ASOS (ASC) and entertainment group Cineworld (CINE). Earnings growth should be strong over the next few years, with high operational gearing and no balance sheet restraints. Says Barclays: "The reason we like PPB is straightforward: two leading brands operating in structurally growing markets, with a strong management team and leading technology platform that can benefit from centralised technology and resources to develop new products to segment and target consumers in order to take market share. We view scale as crucial in this sector." The shares have a £115 price tag, offering 38% upside to current levels.
master rsi: RESUME - Oil, Gas Roundup JKX Oil & Gas (LON:JKX) produced 10,322 barrels of oil equivalent per day in the period from January to May - an increase of 21.3% on the corresponding period in 2015 but revenues fell by 19% Gas production in Russia was higher by 41% due to Well 27 coming on line in late 2015 and undergoing several successful acid tests in the first five months of this year. Despite the cancellation of any development expenditure since early 2015, gas production in Ukraine was stable year-on-year and oil production increased by 12%. Both results are due to the implementation of an enhancement program targeting the technical potential of existing well stock. The company continues to systematically calculate technical potential of existing well stock and identify specific intervention targets that will enhance production for the remainder of 2016. Preliminary unaudited results show YTD revenues at the end of May down 19% on the corresponding period for the previous year. Weakening of local currencies (especially in Russia) and the decline in oil and gas prices, in line with international market trends, resulted in these lower US dollar revenues despite the production gains. * * * Sound Energy (LON:SOU) said the processing of logs while drilling and wire line logs at the first Tendrara well has been completed. Preliminary petrophysical analysis confirms the presence of a number of gas bearing levels and a total net pay of 28 metres in the TAGI reservoir, which is ahead of initial expectations. A further announcement will be made following the completion of operations and when the results of the well test are confirmed. In anticipation of drilling of the second well at Tendrara, the company applied for the first complementary period under licence terms. This period triggers a commitment to a second well. Sound Energy also exercised its option to acquire a 55% participating interest in the Meridja exploration permit, onshore Morocco, from Oil & Gas Investment Fund SAS. The Meridja licence area is adjacent to the Tendrara licence and is a highly prospective 9,000km� area with the same fundamental geology as Tendrara. The company continues to pursue its counter-cyclical growth strategy and to evaluate selective opportunities to complement its existing portfolio. * * * EnQuest (LON:ENQ) says it noted The Telegraph article at the weekend about the UK Oil and Gas Authority's possible North Sea contingency plans. EnQuest says it routinely engages with the OGA and with the UK and Scottish Governments on industry matters, but is not involved in any company-specific discussions such as were implied by the article. * * * The sector's biggest riser was Ascent Resources (LON:AST) which confirmed that all resolutions put to shareholders at the annual general meeting today were passed. * * * The biggest faller was Oilex (LON:OEX) - down by 10% in late trading. At 4:06pm: (LON:AST) Ascent Resources PLC share price was +0.1p at 0.9p (LON:AUR) Aurum Mining PLC share price was 0p at 0.95p (LON:BOR) Borders Southern Petroleum PLC share price was +0.05p at 1.88p (LON:CHAR) Chariot Oil Gas Ltd share price was +0.3p at 5.65p (LON:ENQ) EnQuest Plc share price was +2.63p at 31.38p (LON:GKP) Gulf Keystone Petroleum share price was +0.24p at 4.89p (LON:GPX) Gulfsands Petroleum PLC share price was 0p at 4.13p (LON:INDI) Indus Gas Ltd share price was -4p at 218.5p (LON:JKX) JKX Oil Gas PLC share price was 0p at 18.5p (LON:OEX) Oilex Ltd share price was -0.05p at 0.45p (LON:PET) Petrel Resources PLC share price was +0.25p at 5.38p (LON:RKH) Rockhopper Exploration PLC share price was +0.63p at 37.13p (LON:RPT) Regal Petroleum PLC share price was -0.14p at 3.62p (LON:SOU) Sound Energy PLC ORD 1p share price was +0.5p at 16.88p (LON:XEL) Xcite Energy Ltd share price was -0.4p at 7.6p
master rsi: 3 stocks with 50% upside: Premier Oil, Royal Bank of Scotland and Auto Trader Group - By Motley Fool | Tue, 14th June 2016 - 10:20 While 50% upside may sound like a rather optimistic gain, shares in Auto Trader (LSE:AUTO) have risen by 55% since they listed in March 2015. A key reason for this has been the impressive financial performance of the business and looking ahead, there is much more to come on this front. For example, Auto Trader is expected to increase its bottom line by 15% in the current financial year and by a further 16% in the next financial year. Assuming Auto Trader maintains its current rating, this would lead to a share price gain of 33% in the next two years alone. However, with the motor vehicle listings company trading on a price-to-earnings growth (PEG) ratio of just 1.5, there appears to be sufficient upward rerating potential alongside its earnings forecasts to deliver at least a 50% gain in the company's share price over the medium term. Clearly, the performance of the UK economy has a major impact on car sales and therefore on Auto Trader's performance. But from a risk/reward perspective, it seems to be a strong buy at the present time. Future share price surge? Also offering at least 50% upside is RBS (LSE:RBS). This may seem rather unlikely given that investor sentiment towards the part-nationalised bank is weak at the moment. Evidence of this can be seen in RBS's share price performance, with its valuation having declined by 40% in the last year alone. And with the threat of Brexit on the horizon, it would be of little surprise for RBS's shares to come under a degree of pressure in the short run. However, over the medium-to-long term RBS's shares could soar. That's at least partly because the government's share sale is likely to take place over that time period, with it indicating that RBS is returning to full financial health. This has the potential to improve investor sentiment in the stock and with RBS trading on a price-to-book (P/B) ratio of just 0.47, its shares could double and still be trading at below net asset value. Risks vs rewards Meanwhile, Premier Oil (LSE:PMO) continues to offer strong turnaround potential, which includes 50% upside, although it's still a very risky buy. That's because the outlook for the oil price is very uncertain, with supply continuing to exceed demand and the price of black gold having the potential to come under pressure in the short run. And with Premier Oil expected to remain loss making in each of the next two financial years, its near-term financial outlook remains downbeat. However, this appears to be priced-in to Premier Oil's valuation. It has a P/B ratio of only 0.72, which means its shares could rise by 50% and still be trading at only a small premium to their net asset value. As such, now could be a good time for less risk-averse investors to buy them.
Upstream share price data is direct from the London Stock Exchange
Your Recent History
Gulf Keyst..
FTSE 100
UK Sterlin..
Stocks you've viewed will appear in this box, letting you easily return to quotes you've seen previously.

Register now to create your own custom streaming stock watchlist.

By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions

P:43 V: D:20161021 23:48:30