We round up the Sunday newspaper share tips. Joanne Hart and her Midas column in the Financial Mail on Sunday takes a look at PTSG, a company that provides specialist services for buildings across the UK and updates on mineral firm Sirius.
Meanwhile, the Sunday Telegraph runs the rule over the Bank of Georgia while the Sunday Times delves into outsourcing giant Serco.
Serco: The Sunday Times looks at the outsourcing giant
MAIL ON SUNDAY
On the anniversary of the Grenfell Tower tragedy, a fire broke out in a 20-storey tower block in Lewisham, South-East London.
The blaze was brought under control within an hour and a half, 180 people were evacuated and there were no reported casualties.
The block benefited from a highly efficient sprinkler system, installed by PTSG, a company that provides specialist services for buildings across the UK.
PTSG shares have had a disappointing few months, falling from 207p in January to 178p today. The decline does not reflect long-term prospects and the shares should recover and more over time.
The annual conference of the International Fertilizer Association may not be everyone’s idea of fun, but it is one of the most important events in the industry calendar.
Held last week in Berlin, it provides 1,300 delegates with the chance to meet, greet and make deals. That includes Yorkshire-based Sirius Minerals.
During the conference, Sirius announced a seven-year contract to supply 2.4 million tons of POLY4, its fertiliser product, in West Africa.
Midas first recommended Sirius shares in 2011, when the stock was 10.5p. Today it is 31.5p.
Bank of Georgia, the leading lender in the south Caucasus country, whose population is a little under four million, has lived through the peaceful Rose Revolution of 2003 as well as the little matter of a five-day war with Russia in 2008 that caused a bank run and the loss of 20 per cent of deposits.
It is still standing, and thriving. It was privatised in 1994. Its global depositary receipts were listed in London in 2005 and in 2012 it followed Investec of South Africa to become only the second foreign bank to take a primary listing here, quickly joining the FTSE 250. And it has been a good investment.
There are obvious geopolitical risks for any one thinking of making a far-flung investment. However, uncertainty rarely snuffs out prosperity completely.
The Bank of Georgia has so far proved to be a less stressful than many UK-focused stocks. With good returns on capital and recent demerge boosting prospects, it’s a buy.
Few chief executives come with a background as colourful, or a following as enthusiastic, as Rupert Soames. His appointment as chief executive of Serco four years ago gave its shares a 10 per cent bump in one day.
Winston Churchill’s grandson arrived at the flagging outsourcing giant in the wake of a scandal of overcharging to tag criminals, and had soon written down £1.5billion and asked shareholders for £550million.
That deeply discounted cash call, priced at 101p a share, would help Serco ‘walk the path to recovery’.
That path has been a lot longer than anyone dared to imagine with shares currently at 97p. As he put it in February, the road ahead is still ‘long, and probably bumpy.’ Avoid.