Interactive Investor

What's in store today...

30th July 2014 00:00

by Harriet Mann from interactive investor

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Carrying on a week full of interim results will be Moneysupermarket.com.

Analysts' expectations: Malcolm Morgan from Peel Hunt expects revenue and earnings before interest, tax, depreciation, and amortisation growth of around 9% to £122 million and expects it will be in-line following a recent review.

The second half is set to get the headwind of £39 million of utility switching revenue that will reduce in the face of the more stable energy market place, Morgan adds.

Rating the stock 'hold' with a target price of 200p, Morgan says: "The story is in our view moving progressively from concern about the issues that are containing growth through to the opportunity offered by the recent spike in IT spend. We tweaked our target price up recently to 200p."

Also rated 'hold' by the analysts and publishing first-half results midweek will be Taylor Wimpey, although it is not expected to be particularly exciting.

Analysts expectations: "A detailed trading update earlier this month leaves little room for surprise in the interim statement. This year has been characterised by more normal seasonal trading for the patterns for the housebuilders and July is likely to have been a relatively quiet month," says Gavin Jago, an analyst at Peel Hunt.

He adds: "The land market remains a buyer's market and Taylor Wimpey continues to buy at or above its hurdle rates. This should underpin progression to operating margins exceeding 19% in the next few years."

Valuation: The broker has a target price of 127p and says the shares trade on a 2015E price/net asset value of 1.4 times and offer an return on equity of 16.5%, broadly in line with the sector average. A yield of over 6% from 2015 will be of interest to income seekers, he says.

Find out what else the week has in store here.

Wednesday 30 July

Trading statements

Shire, Smurfit Kappa Group, ITV, Moneysupermarket.com, New Europe Property Investments, Rightmove, Riverstone Energy Limited, International Personal Finance, Jupiter Fund Management, Segro, 4imprint Group, Greggs, Tarsus, Taylor Wimpey, British American Tobacco, Hrvatski Telekom, Aer Lingus Group, Travis Perkins, Centaur Media, Dignity, Tullow Oil, First Quantum Minerals, Better Capital, Compass Group, Diploma, WS Atkins, 3i Group.

AGM/EGM

Northern 2 Vct, WS Atkins, Servision, RENN Universal Growth Investment Trust, Societatea Nationala De Gaze Naturale "romgaz" S.a. Gdr, Kibo Mining, Scotgold Resources, James Cropper, Forte Energy, Fastjet, Montanaro Uk Smaller Companies Investment Trust, Aurasian Minerals, Mirada, Global Ports Investments Plc Gd, CML Microsystems, Fastjet.

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