Nick Raynor, investment adviser at The Share Centre, gives his views on the companies reporting next week (w/c 4 July 2011).

Monday 4 July 2011

OPG Power Ventures (OPG.L) - Full year results

We hope this update addresses some of the issues delayed in the previous update. The company has plenty of cash in the bank as it raised £60m earlier in the year. Investors should see the developing Indian market as an opportunity and investing in companies like OPG Power Ventures in the early days could pay off handsomely in the future.
BUY.

Tuesday 5 July 2011

Tullow Oil (TLW.L) - Trading statement

Tullow Oil has come off the boil as the oil price has come down from its high. The share price was around the heady 1,400p mark earlier this year but has since fallen and after placing shares on the Ghanaian market it has fallen further. Despite the political turmoil in Tullow Oil's main geographical regions, the company has a knack of making things right. We hope this trading update soothes any concerns investors have and reports a big find is close at hand.
BUY.

Axis-Shield (ASD.L) - Trading statement

In May Axis-Shield noted that trading was in-line with expectations. We expect no different from this update so we see no reason why we would change our stance. This is a good long-term attraction for the patient investor.
BUY.

Wednesday 6 July 2011

3i (III.L) - Interim management statement

It's been a busy quarter for 3i. There have been plenty of deals and we hope this update will report the company's profitability and the worth of current assets under management. The finance director has recently shelled out over £250,000 buying shares in the company so we hope his faith, and that of the investors, is rewarded in this release.
HOLD.

Booker Group (BOK.L) - Interim management statement

Preliminary results in May noted that profits for the next year had risen by 25 per cent. Although we are not expecting gains along those lines in this first quarter update, we do expect to see positive signs. It will be interesting to see how Booker's Indian operations have been performing and hear of any developments in the region. We wonder if consumers, who are feeling the pinch at the moment, have turned to wholesale retail.
BUY.

Thursday 7 July 2011

Man Group (EMG.L) - Interim management statement

Normally volatile markets should be good for Man Group as the hedge fund manager, as opposed to traditional fund managers, can take many different positions. If the job is done correctly investors should be happy, however this has not been the case this year. We believe it is only a matter of time before they get it right and hope this update will be the start of positive news and an improvement in the share price.
BUY.