Saturday's share tips

By THIS IS MONEY
Updated: 19:00 EST, 7 July 2000

Here are some key share tips and brokers' views from Saturday's papers.

The Daily Mail

BUY

Provalis: Old Mutual Securities says buy at 19 1/2p. The restructuring is all but complete. The target price is 45p.

Scottish & Newcastle: Teather & Greenwood says buy at 500p. Undervalued given the excellent medium-term outlook and possibility of a takeover bid.

XKO Group: CCF Charterhouse says buy at 286p. The rating relative to its peer group should improve.

Planit Holdings: Beeson Gregory says buy at 125 1/2p. Core businesses are performing strongly and there are considerable opportunities presented by its Internet products.

Teather & Greenwood: CCF Charterhouse says buy the broking group at 720p. Expect a gradual rerating.

SELL

Dixons: CCF Charterhouse says sell at 267p. Deteriorating sales trend, continued pressure on gross margins and uncertainty surrounding Freeserve mean shares should underperform over the medium term.

HSBC: Teather & Greenwood says sell at 747p. Rating is too high relative to other UK banks and Standard Chartered, which has much greater proportionate exposure to the Asian economic recovery.

The Daily Telegraph

BUY

Anite: Teather & Greenwood says buy at 168p. The firm has produced another set of excellent results and is sharpening its focus and broadening its geographical spread.

EBC Group: Teather & Greenwood says buy at 68p. A new chief executive is shaking up the management and reducing overhead costs. Profits are expected to rise to £2.5m in 2001.

Trafficmaster: Dresdner Kleinwort Benson says buy at 583p. Sales are expected to rise as demand for traffic data surges in Europe.

Belhaven Brewery: Charterhouse Securities says buy at 188p. Results show another year of good progress. The imminent installation of a reverse osmosis plant should also reduced overheads.

TBI: Charterhouse Securities says buy at 76p. TBI has become the world's largest operator of regional airports in the past 12 months and profits for the year were beyond expectations.

Aggreko: Schroder Salomon Smith Barney says buy at 410p. This specialist in renting power, air conditioning and temperature control equipment is experiencing growth and is expanding its geographical coverage.

Savoy Asset MGMT: Teather & Greenwood says buy at 263p. Much of the group's £5.4m of new equity has been used to buy new private client business. Profits should grow rapidly over the next two years.

XKO Group: Charterhouse Securities says buy at 286p. Analysts expect the firm to do well from the European business-to-business e-commerce market which is set to grow threefold by 2005.

SELL

Freeserve: Schroder Salomon Smith Barney says sell at 320p. No deal is imminent on the disposal of Dixons' 80% holding and the shares are likely to drift.

Fitness First: Charterhouse Securities says sell at £11.12. Analysts are concerned that the company's rigid model may not transfer well when it expands into Germany and Belgium.