Broker Sees Alterian as Compelling
Thursday, December 31, 2009 21:10Analytics software maker Alterian rose 6.6% to 186p on the back of Panmure Gordon “buy” advice.
Alterian’s combination of management and social media monitoring makes for a “compelling game-changing offer”, analyst George O’Connor said. He also saw the stock at a 25% discount to sector peers such as Autonomy.
Falklands Islands prospector Borders and Southern Petroleum took on 0.8% to 59.5p after YPF, the Argentine unit of Repsol, set out plans to start exploring on an adjacent acreage. “Clearly this will further highlight the potential of the area and the prime location that Borders and Southern has managed to secure,” Panmure Gordon analysts said.
Office developer Minerva was down 3.2% to 75.25p on news that hostile bidder Nathan Kirsh had won support from just 0.51% of other shareholders. The South African investor extended the closing date on his 50p-per-share offer to January 4.
WSP Group slid 2.2% to 266p, even after Liberum Capital named the environmental consultant as a likely takeover target. “There is an arbitrage between UK valuations and valuations elsewhere,” it said. Ideal Shopping Direct fell 3.6% to 121.5p after it bought LTGL, a mail-order retailer of garden equipement, in a £7.2m deal largely paid in stock.
Nanoco, a nanotechnology developer that was a spin-off from the University of Manchester, rose 1.2% to 83p after the Universities Superannuation Scheme pension fund bought a 5.1% stake.
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