Value Indicator - Uk Main Market 20130801

Powered by
01 August 2013
Contents
Introduction .................................................................................................................................3
Value ...........................................................................................................................................4
Conclusion ..................................................................................................................................4
RISK WARNING Ratings and Targets ....................................................................................4
How to use the report .................................................................................................................5
Under Valued .....................................................................6
Aerospace & Defence
Unde r V a lue d ......................................................................6
Automobiles & Parts

Banks
Beverages
Over Valued .........................................................................................6

Under Valued ..................................................................................6
Under Valued ..................................................................................6

Under Valued ....................................................7
Construction & Building Materials
Chemicals
Electronics & Electrical Equipment

Engineering & Machinery
Food & Drug Stores
Under Valued ..................................................7

Under Valued ...............................................................8
Over Valued .......................................................................8

Over Valued ........................................................8
Food Producers & Processors

Under Valued ..............................................................................9
General Retail
Over Valued .........................................................................................9
Health
Over Valued ..........................................................9
Over Valued ...............................................9
Household Goods & Textiles
Information Technology & Hardware

Under Valued ................................................................................... 10
Insurance
Over Valued ..................................................................... 10
Leisure & Hotels
Life Assurance
Under Valued .................................................................... 10

Under Valued ................................................................ 11
Media & Entertainment

Under Valued ...................................................................................... 11
Mining
Under Valued ................................................................................... 11
Oil & Gas
Over Valued .......................................... 12
Under Valued ................................................ 12
Personal Care & Household Products
Pharmaceuticals & Biotechnology

Under Valued ..................................................................... 12
Real Estate - REIT
Under Valued ..................................................................... 13
Real Estate REIS
Software & Computer Services
Speciality & Other Finance
Support Services
Under Valued .................................................... 13

Under Valued .......................................................... 13
Under Valued ..................................................................... 14
Over Valued ....................................................... 14
Telecommunication Services
Over Valued ................................................................................... 15
Transport
Under Valued ....................................................................................... 15
Utilities
DISCLAIMER ........................................................................................................................... 16
RISK WARNING ...................................................................................................................... 17
Intellisys Intelligent Analysis Limited
www.intellisys.uk.com
01 August 2013
+44 20 3239 8994
Page 2 of 17
Introduction
The overriding purpose of this daily report is to provide users with a quick guide that will identify those
shares that merit their investment attention in an increasingly time critical and information noisy trading
environment.
The report is published daily and delivered to the subscribers personal email box, typically, before the
official open of the London Stock Markets.
Putting aside luck, Intellisys recognises that the timing and value of an investment are the two primary
drivers behind a successful portfolio performance.
Timing
Intellisys has invested considerably in identifying what it believes are the key factors that influence
investment timing. Having identified the key parameters, these have been established as rules that reflect
market dynamics and cut through the daily investment noise.
Through this discipline, Intellisys has removed the emotional and sentimental factors as well as the daily
pressures exerted upon primary stock promoters (analysts and traders) to find stories for their investment
meetings.
From an analysis of a years data for 40 stocks within Intellisys stock coverage, the trading indicators
appear to be, on average, about 77% accurate in identifying good trading points as well as some 74%
accurate for overall trend correlation.
The following chart provides an indication the accuracy scores for each of the 40 stocks analysed.
Individual Stock Rating & Trend Accuracy Scores
120.0%
120.0%
110.0%
110.0%
100.0%
100.0%
90.0%
90.0%
80.0%
80.0%
70.0%
70.0%
60.0%
60.0%
50.0%
50.0%
40.0%
40.0%
30.0%
30.0%
20.0%
20.0%
1
9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40
Best Buy/Sell
Trend
Source: Intellisys
01 August 2013
+44 20 3239 8994
Page 3 of 17
Value
A similar discipline has been applied to the process of establishing Target Indications. On a daily basis,
Intellisys analyses as broad an array of historic data from not only the Consolidated Income Statement but
also the Balance Sheet and Cash Flow Statement and then utilises this data within its proprietary valuation
models.
Intellisys architect, Philip Morrish, has successfully applied these disciplines to his investment research for
the last 15+ years. Additionally, these investment valuation techniques lend themselves to accurate crossborder analysis.
The resultant Target is also discounted to a Net Present Value to make the Target as realistically valid as
possible.
Nevertheless, Intellisys recognises that Target Indication delivery is not only a function of market levels but
a management teams ability to establish and maintain a value generating operating environment set
against a constantly changing global background.
The typical investment analysts approach to determining target prices is to start with a modest range of
some 6 8 valuation measures and remove those that are not providing the intuitive result. Intellysis
approach is the opposite we use as many valuation methodologies as possible.
Further, Intellisys recognises that some target Indications may appear strange or extreme. However,
subscribers should not dismiss these outcomes but use them as starting points to challenge their
established or perceived valuation opinion of a stock.
In short, this disciplined approach provides an investment reality check to assist investors from falling in
love with a stock or becoming mesmerised by management cults.
Conclusion
No investment methodology is 100% successful and like all trading and investment systems active position
monitoring is critical for maximised investment performance.
Therefore, Intellisys recommends that its products should be used in conjunction with, and not separate
from subscribers existing investment systems as well as discussing investment options with their financial
advisers.
Philip Morrish (philip.morrish@intellisys.uk.com)
RISK WARNING Ratings and Targets

Intellisys does not make personal recommendations. The information in this publication is provided
solely to enable you to make your own investment decisions. If you are unsure about dealing in shares
and other equity investments, you must contact your financial adviser as these types of investments may
not be suitable for everyone. The value of stocks and shares, and the income from them, can fall as well as
rise and you may not get back the full amount you originally invested. If denominated in a foreign currency,
fluctuations in the exchange rate will also affect the value of stocks and shares and the income from them.
Past performance is not necessarily a guide to future performance.
01 August 2013
+44 20 3239 8994
Page 4 of 17
How to use the report

This daily report is typically available for download as a PDF from 7am - well in advance of the markets
open - and is based upon previous days closing prices.
We have kept the report deliberately simple for quick reading and identification of the shares most likely to
be active as can be seen from the following:
Longer term action based

upon implied target price
Todays action
Sector
Implied target
price based upon
49 valuation
metrics
Closing price
General Retail
Stock
ASHLEY(LAURA) HOLDINGS
BROWN (N) GROUP
BURBERRY GROUP
CARPETRIGHT
DIXONS RETAIL
FINDEL
FRENCH CONNECTN.GROUP
HALFORDS GROUP
JJB SPORTS SUSP - 24/09/12
JD SPORTS FASHION
DARTY
KINGFISHER
MARKS & SPENCER GROUP
MOSS BROTHERS GROUP
MOTHERCARE
NEXT
TED BAKER
TOPPS TILES
Company
Price
29.00
266.70
1136.00
675.00
21.16
6.36
23.50
324.70
0.40
731.00
57.25
269.80
377.90
55.00
212.00
3576.00
951.50
49.25
12M Lo
18.50
222.40
1000.00
375.00
9.36
2.20
19.50
189.00
0.24
570.00
38.00
237.20
302.70
31.25
127.30
2540.00
633.00
21.50
12M Hi
29.50
282.70
1586.00
728.50
21.69
6.55
82.00
342.30
17.00
863.00
110.60
313.80
389.50
55.00
227.00
3644.00
1017.00
51.75
ST Rec
Neutral
Neutral
Neutral
Neutral
Neutral
Neutral
Neutral
Neutral
Neutral
Neutral
Neutral
Neutral
Neutral
Sell
Neutral
Neutral
Neutral
Neutral
Latest 12 month Hi/Lo for

the share price
LT Rec
Neutral
Buy
Sell
Sell
Strong Buy
Sell
Strong Buy
Buy
Sell
Strong Buy
Strong Buy
Buy
Buy
Buy
Sell
Sell
Sell
Sell
Target
30
298
739
268
38
4
112
415
-62
1341
321
365
448
61
97
2798
542
29
Beta
0.72
0.52
1.30
0.97
1.56
0.94
1.05
0.67
0.88
0.47
1.28
0.97
0.74
1.04
0.44
0.72
0.56
1.31
eta measures a shares

volatility/risk relative to
market (see below)
Beta is a measure of a stock's volatility or risk relative to its market. The market has a beta
of 1.0 and individual shares are attributed a beta according to how much they deviate from
the market. This can be summarised as:
eta <1.0
Share should move by less than market (i.e., less risk/lower reward)
eta =1.0
Share should move in line with the market (i.e., market neutral)
eta >1.0
Share should move by more than market (i.e., higher risk/higher reward)
01 August 2013
+44 20 3239 8994
Page 5 of 17
Under Valued
Aerospace & Defence

Stock
Price
12M Lo
12M Hi
ST Rec
LT Rec
BAE SYSTEMS
445.90
300.80
445.90
Neutral
Buy
Target
611
Beta
0.68
CHEMRING GROUP
308.00
217.00
414.70
Neutral
Buy
364
0.66
COBHAM
287.60
190.10
293.40
Neutral
Neutral
301
0.83
MEGGITT
547.50
366.20
562.00
Neutral
Neutral
530
1.30
ROLLS-ROYCE HOLDINGS
1175.00
799.39
1240.00
Neutral
Neutral
1167
1.01
SMITHS GROUP
1385.00
1011.00
1396.00
Neutral
Sell
1167
0.77
ULTRA ELECTRONICS HDG.
1816.00
1424.00
1843.00
Neutral
Sell
1721
0.51
Unde r V a lue d
Automobiles & Parts

Stock
Price
12M Lo
12M Hi
ST Rec
LT Rec
GKN
350.10
201.00
350.10
Neutral
Neutral
342
1.96
INCHCAPE
570.50
353.30
577.50
Neutral
Neutral
608
1.42
LOOKERS
122.00
64.50
122.00
Neutral
Sell
106
1.23
27.50
13.50
28.75
Neutral
Strong Buy
42
1.11
PENDRAGON
Target
Over Valued
Banks
Stock
Beta
Price
12M Lo
12M Hi
ST Rec
LT Rec
Target
Beta
BARCLAYS
287.90
162.30
333.85
Neutral
Sell
-830
1.94
HSBC HDG. (ORD $0.50)
747.80
538.70
769.90
Neutral
Buy
891
1.16
68.47
29.39
70.03
Sell
Sell
1.86
LLOYDS BANKING GROUP

ROYAL BANK OF SCTL.GP.
317.60
204.50
367.80
Neutral
Sell
-137
1.37
STANDARD CHARTERED
1524.50
1228.50
1837.50
Neutral
Strong Buy
3494
1.65
Under Valued
Beverages
Stock
Price
12M Lo
12M Hi
ST Rec
LT Rec
541.00
415.00
588.50
Neutral
Sell
484
0.58
DIAGEO
2054.00
1672.50
2085.00
Neutral
Neutral
2205
0.53
SABMILLER
3220.50
2599.00
3657.00
Neutral
Buy
4313
0.93
BARR (AG)
Target
Beta
Under Valued
Chemicals
Stock
Price
12M Lo
12M Hi
ST Rec
LT Rec
ALENT
367.50
305.00
397.50
Neutral
Buy
447
#NA
AZ ELECTRONIC MATS.(DI)
306.60
240.00
406.40
Neutral
Strong Buy
547
1.21
CARCLO
343.00
342.75
503.00
Neutral
Sell
142
0.76
2509.00
2164.00
2841.00
Neutral
Buy
3177
1.06
CRODA INTERNATIONAL
ELEMENTIS
Target
Beta
250.70
201.70
275.00
Neutral
Buy
307
1.04
JOHNSON MATTHEY
2835.00
2102.27
2836.00
Neutral
Strong Buy
4255
1.44
VICTREX
1510.00
1239.00
1765.00
Neutral
Sell
1334
1.19
SYNTHOMER
196.70
139.10
225.80
Neutral
Strong Buy
392
1.11
ZOTEFOAMS
207.00
170.00
225.00
Neutral
Buy
294
0.99
01 August 2013
+44 20 3239 8994
Page 6 of 17
Under Valued
Construction & Building Materials

Stock
Price
12M Lo
12M Hi
ST Rec
LT Rec
ALUMASC GROUP
115.50
62.00
118.50
Neutral
Strong Buy
Target
276
Beta
BALFOUR BEATTY
246.90
207.60
320.80
Neutral
Strong Buy
1136
0.83
BARRATT DEVELOPMENTS
326.00
134.10
352.00
Neutral
Strong Buy
606
1.61
1.00
0.52
BELLWAY
1380.00
802.00
1455.00
Neutral
Strong Buy
2847
BERKELEY GROUP HDG.(THE)
2259.00
1387.00
2325.00
Neutral
Strong Buy
3472
0.57
BOOT (HENRY)
188.50
117.00
201.00
Neutral
Strong Buy
363
0.76
1.11
BOVIS HOMES GROUP
799.50
452.00
851.50
Neutral
Strong Buy
1430
CARILLION
298.10
244.80
331.80
Neutral
Strong Buy
1535
1.10
CLARKE (T)
54.25
40.00
61.50
Neutral
Strong Buy
385
0.80
COSTAIN GROUP
CRH
GALLIFORD TRY
277.50
209.00
306.00
Neutral
Strong Buy
1130
0.51
1381.00
1090.00
1540.00
Neutral
Sell
906
1.05
991.00
610.00
1019.00
Neutral
Strong Buy
2938
0.95
KELLER
1109.00
443.75
1161.00
Neutral
Strong Buy
2378
1.26
KIER GROUP
1484.00
1106.00
1486.00
Neutral
Strong Buy
5316
0.94
67.25
50.00
76.75
Neutral
Strong Buy
224
1.05
1.32
LOW & BONAR

MARSHALLS
152.75
77.00
152.75
Neutral
Buy
203
MORGAN SINDALL GROUP
670.00
508.00
695.00
Neutral
Strong Buy
4517
0.69
16.75
10.88
18.25
Neutral
Strong Buy
60
1.07
NORCROS
1236.00
580.72
1305.00
Neutral
Strong Buy
1991
1.04
REDROW
PERSIMMON
245.00
126.00
253.30
Neutral
Strong Buy
453
0.89
SIG
181.80
93.05
183.00
Neutral
Strong Buy
526
1.72
45.50
43.00
287.50
Neutral
Strong Buy
4234
0.88
106.50
46.15
108.00
Neutral
Strong Buy
226
1.62
SUPERGLASS HOLDINGS
TAYLOR WIMPEY
TRAVIS PERKINS
1702.00
1005.00
1710.00
Neutral
Strong Buy
4392
1.92
WOLSELEY
3146.00
2287.42
3483.00
Neutral
Strong Buy
5980
1.37
Under Valued
Electronics & Electrical Equipment

Stock
Price
12M Lo
12M Hi
ST Rec
LT Rec
1101.00
999.50
1365.00
Neutral
Sell
1023
0.69
DOMINO PRINTING SCIENCES
634.00
522.00
717.00
Neutral
Buy
859
1.16
E2V TECHNOLOGIES
132.50
105.50
137.75
Neutral
Strong Buy
267
1.27
INVENSYS
496.30
217.33
509.50
Neutral
Sell
268
1.36
LAIRD
193.00
171.10
249.30
Neutral
Strong Buy
432
2.12
OXFORD INSTRUMENTS
1425.00
1209.00
1752.00
Neutral
Sell
1260
1.11
RENISHAW
1570.00
1494.00
2081.00
Neutral
Buy
2008
1.30
SPECTRIS
2110.00
1506.00
2470.00
Neutral
Buy
2739
1.52
75.00
75.00
303.67
Neutral
Sell
-506
0.75
TT ELECTRONICS
170.25
114.00
178.50
Neutral
Strong Buy
419
1.61
XAAR
840.00
227.00
898.00
Neutral
Sell
409
1.09
DIALIGHT
BIOME TECHNOLOGIES
Target
Beta
01 August 2013
+44 20 3239 8994
Page 7 of 17
Under Valued
Engineering & Machinery

Stock
Price
12M Lo
12M Hi
ST Rec
LT Rec
AGA RANGEMASTER GROUP
93.13
54.25
94.00
Neutral
Buy
136
1.18
BODYCOTE
619.50
323.70
619.50
Neutral
Neutral
613
1.58
CASTINGS
420.00
291.00
420.00
Neutral
Strong Buy
646
0.94
VESUVIUS
424.00
263.19
424.00
Neutral
Strong Buy
1101
2.23
FENNER
345.40
305.90
435.20
Neutral
Strong Buy
532
1.46
HALMA
556.00
398.50
556.00
Sell
Sell
400
0.77
HILL & SMITH
438.75
302.00
480.00
Neutral
Buy
516
1.36
1372.00
802.50
1400.00
Neutral
Strong Buy
4706
1.40
305.50
220.30
305.50
Neutral
Strong Buy
532
1.87
2656.00
2157.00
3037.00
Neutral
Sell
1070
1.03
265.70
185.90
281.80
Neutral
Sell
236
1.66
0.75
IMI
MORGAN ADVANCED MATERIAL
ROTORK
SENIOR
SEVERFIELD-ROWEN
Target
Beta
56.25
35.40
80.16
Neutral
Sell
44
SPIRAX-SARCO
2865.00
1932.53
2928.35
Neutral
Sell
2051
0.84
VITEC GROUP
573.00
559.00
740.00
Neutral
Sell
457
1.41
WEIR GROUP
2149.00
1566.00
2474.00
Neutral
Neutral
2101
1.47
Over Valued
Food & Drug Stores

Stock
Price
12M Lo
12M Hi
ST Rec
LT Rec
GREGGS
432.80
398.00
523.50
Neutral
Strong Buy
789
0.43
MORRISON(WM)SPMKTS.
289.10
248.60
296.40
Neutral
Buy
394
0.36
SAINSBURY (J)
393.60
320.10
398.50
Neutral
Buy
479
0.54
TESCO
367.30
307.90
387.75
Neutral
Sell
198
0.66
83.00
23.25
100.50
Neutral
Sell
52
0.82
THORNTONS
Target
Over Valued
Food Producers & Processors

Stock
Beta
Price
12M Lo
12M Hi
ST Rec
LT Rec
Target
Beta
ASSOCIATED BRIT.FOODS
1944.00
1267.00
2031.00
Neutral
Sell
1657
0.59
CRANSWICK
1150.00
732.50
1178.00
Neutral
Strong Buy
1802
0.35
DAIRY CREST
510.00
332.90
510.00
Neutral
Sell
372
0.89
DEVRO
312.50
289.90
380.00
Neutral
Strong Buy
527
0.34
87.25
54.50
125.75
Neutral
Strong Buy
248
1.22
839.00
634.50
883.00
Neutral
Strong Buy
1388
0.68
2669.00
2235.00
2885.00
Neutral
Sell
2241
0.52
PREMIER FOODS
TATE & LYLE
UNILEVER (UK)
01 August 2013
+44 20 3239 8994
Page 8 of 17
Under Valued
General Retail
Stock
Price
12M Lo
12M Hi
ST Rec
LT Rec
ASHLEY(LAURA) HOLDINGS
25.38
21.50
29.50
Neutral
Strong Buy
39
0.67
518.00
261.70
518.00
Sell
Sell
457
0.47
1530.00
1000.00
1541.00
Neutral
Sell
1232
1.27
660.00
585.00
701.50
Neutral
Sell
349
0.89
45.46
15.32
46.16
Neutral
Neutral
46
1.46
203.75
58.50
205.00
Neutral
Sell
56
1.05
32.50
19.50
34.00
Sell
Strong Buy
110
1.00
HALFORDS GROUP
368.70
203.50
405.20
Neutral
Buy
511
0.68
JD SPORTS FASHION
919.00
651.00
925.00
Neutral
Strong Buy
1750
0.51
BROWN (N) GROUP

BURBERRY GROUP
CARPETRIGHT
DIXONS RETAIL
FINDEL
FRENCH CONNECTN.GROUP
DARTY
Target
Beta
77.50
39.00
80.00
Neutral
Buy
110
1.19
KINGFISHER
397.50
262.20
397.50
Neutral
Buy
445
0.87
MARKS & SPENCER GROUP
481.50
334.00
485.40
Neutral
Buy
638
0.61
60.75
44.75
71.00
Neutral
Buy
73
0.98
418.25
194.75
492.75
Neutral
Sell
153
0.38
NEXT
4990.00
3320.00
5020.00
Sell
Neutral
5354
0.59
TED BAKER
1905.00
880.00
1909.00
Neutral
Sell
969
0.54
87.25
43.25
89.00
Neutral
Sell
75
1.50
MOSS BROTHERS GROUP

MOTHERCARE
TOPPS TILES
Over Valued
Health
Stock
Price
12M Lo
12M Hi
ST Rec
LT Rec
BIOQUELL
134.00
129.50
160.00
Neutral
Sell
Target
112
0.39
CONSORT MEDICAL
793.00
660.50
839.00
Neutral
Sell
565
0.38
OPTOS
157.25
106.75
222.75
Neutral
Neutral
169
1.23
SMITH & NEPHEW
784.50
638.00
795.00
Neutral
Sell
664
0.44
Over Valued
Household Goods & Textiles

Stock
Beta
Price
12M Lo
12M Hi
ST Rec
LT Rec
GAMES WORKSHOP
789.50
587.50
791.50
Neutral
Neutral
773
0.38
HEADLAM GROUP
384.50
272.50
384.50
Neutral
Sell
326
0.89
80.50
55.25
88.50
Neutral
Buy
111
0.71
HORNBY
Target
Over Valued
Information Technology & Hardware

Stock
Beta
Price
12M Lo
12M Hi
ST Rec
LT Rec
ARM HOLDINGS
875.00
528.00
1097.00
Neutral
Sell
277
0.70
CSR
569.00
308.10
607.00
Neutral
Strong Buy
1522
1.12
FILTRONIC
IMAGINATION TECHNOLOGIES
Target
Beta
61.50
28.38
83.25
Neutral
Sell
52
0.94
235.10
235.10
624.00
Buy
Buy
310
1.09
SPIRENT COMMUNICATIONS
132.10
118.00
170.00
Neutral
Strong Buy
237
0.94
WOLFSON MICROELECTRONICS
153.00
140.00
230.00
Neutral
Sell
-190
0.96
01 August 2013
+44 20 3239 8994
Page 9 of 17
Under Valued
Insurance
Stock
Price
12M Lo
12M Hi
ST Rec
LT Rec
Target
Beta
1403.00
1019.00
1416.00
Neutral
Sell
-455
0.50
AMLIN
402.10
364.10
435.10
Neutral
Strong Buy
1593
0.39
BEAZLEY
220.50
156.70
242.70
Neutral
Strong Buy
992
0.52
CATLIN GROUP
506.00
424.00
552.50
Neutral
Sell
470
0.22
HISCOX
650.00
452.39
650.00
Neutral
Strong Buy
1983
0.41
JARDINE LLOYD THOMPSON
893.50
723.00
917.00
Neutral
Buy
1281
0.33
RSA INSURANCE GROUP
125.00
107.70
136.30
Neutral
Strong Buy
753
0.39
NOVAE GROUP
484.50
345.00
507.50
Neutral
Strong Buy
3560
0.41
ADMIRAL GROUP
Over Valued
Leisure & Hotels

Stock
Price
12M Lo
12M Hi
ST Rec
LT Rec
Target
Beta
2543.00
2092.00
2628.00
Neutral
Buy
3671
0.92
ENTERPRISE INNS
129.30
55.50
132.00
Neutral
Sell
117
1.62
TUI TRAVEL
382.20
182.00
382.20
Neutral
Strong Buy
746
0.96
FULLER SMITH 'A'
940.75
700.50
958.00
Neutral
Sell
630
0.25
GREENE KING
875.00
556.50
886.00
Neutral
Sell
648
0.85
LADBROKES
213.00
154.70
243.10
Neutral
Buy
268
0.87
1907.00
1524.00
2039.00
Neutral
Sell
1690
1.12
CARNIVAL
ICTL.HTLS.GP.
MILLENNIUM & CPTH.HTLS.
552.00
456.00
582.50
Neutral
Neutral
601
1.37
MITCHELLS & BUTLERS
416.30
261.80
426.80
Neutral
Sell
288
0.96
BWIN PARTY DIGITAL ENTM.
140.10
91.90
156.00
Neutral
Sell
65
1.23
13.00
6.00
13.75
Neutral
Strong Buy
77
1.18
160.50
116.00
177.50
Neutral
Strong Buy
580
0.97
0.70
PUNCH TAVERNS
RANK GROUP
RESTAURANT GROUP
529.50
315.50
557.50
Neutral
Sell
399
WETHERSPOON (JD)
711.00
447.90
767.00
Neutral
Neutral
714
0.56
WHITBREAD
3230.00
2067.00
3230.00
Neutral
Sell
2237
0.99
WILLIAM HILL
486.50
271.02
486.50
Neutral
Sell
263
0.79
MARSTON'S
155.40
109.70
164.50
Neutral
Sell
18
1.15
Under Valued
Life Assurance
Stock
Price
12M Lo
12M Hi
ST Rec
LT Rec
AVIVA
371.50
285.20
388.40
Neutral
Sell
349
1.17
CHESNARA
258.25
163.00
270.00
Neutral
Strong Buy
506
0.67
LEGAL & GENERAL
192.90
126.60
192.90
Sell
Strong Buy
483
1.70
OLD MUTUAL
194.20
159.20
221.60
Neutral
Strong Buy
404
1.52
PRUDENTIAL
1167.00
746.00
1203.00
Neutral
Neutral
1187
1.66
618.00
336.20
640.00
Neutral
Strong Buy
6778
0.82
ST.JAMES'S PLACE
Target
Beta
01 August 2013
+44 20 3239 8994
Page 10 of 17
Under Valued
Media & Entertainment

Stock
Price
12M Lo
12M Hi
ST Rec
LT Rec
BLOOMSBURY PBL.
138.38
102.00
146.50
Neutral
Strong Buy
922
0.38
BRITISH SKY BCAST.GROUP
828.00
709.00
899.50
Neutral
Strong Buy
1056
0.47
CENTAUR MEDIA
DAILY MAIL 'A'
EUROMONEY INSTL.INVESTOR
Target
Beta
41.00
30.38
60.00
Neutral
Sell
-42
1.02
806.50
451.25
818.00
Neutral
Strong Buy
3556
1.07
1065.00
717.50
1105.00
Neutral
Strong Buy
5566
0.98
INFORMA
525.00
369.90
537.00
Neutral
Strong Buy
327
1.61
ITE GROUP
283.80
183.50
307.40
Neutral
Buy
201
1.49
ITV
168.60
76.10
168.60
Neutral
Strong Buy
1369
1.44
1.22
JOHNSTON PRESS
16.25
5.20
19.00
Neutral
Buy
720
1350.00
1119.00
1350.00
Neutral
Neutral
309
0.60
93.50
38.75
95.00
Neutral
Strong Buy
2283
0.87
286.50
265.00
290.75
Neutral
Strong Buy
732
0.12
35.00
26.85
36.45
Neutral
Strong Buy
346
0.51
STV GROUP
157.50
81.50
157.50
Neutral
Sell
240
0.82
ST.IVES
163.75
71.00
166.50
Neutral
Sell
159
1.48
TRINITY MIRROR
115.50
31.00
122.25
Neutral
Sell
-289
1.60
UBM
711.50
636.00
788.00
Neutral
Strong Buy
1421
1.31
PEARSON
PHOTO-ME INTL.
PINEWOOD SHEPPERTON
THOMSON REUTERS
WILMINGTON GROUP
WPP
164.00
97.00
166.50
Neutral
Strong Buy
1390
0.86
1184.00
788.00
1210.00
Neutral
Sell
-827
1.28
Under Valued
Mining
Stock
Price
12M Lo
12M Hi
ST Rec
LT Rec
Target
Beta
1408.00
1207.00
2084.00
Neutral
Sell
1206
1.84
ANGLO PACIFIC GROUP
186.50
161.00
290.00
Neutral
Buy
206
1.07
ANTOFAGASTA
882.00
784.50
1381.00
Neutral
Sell
833
1.43
1879.00
1666.50
2236.00
Neutral
Strong Buy
2891
1.49
GLENCORE XSTRATA
277.50
256.85
397.85
Neutral
Strong Buy
986
#NA
LONMIN
311.60
240.84
411.96
Sell
Buy
419
2.08
RANDGOLD RESOURCES
4770.00
3972.00
7775.00
Neutral
Sell
2827
0.42
RIO TINTO
2955.00
2582.00
3757.00
Neutral
Sell
2353
1.54
861.00
1335.00
Neutral
Strong Buy
2700
2.25
ANGLO AMERICAN
BHP BILLITON
VEDANTA RESOURCES
Under Valued
Oil & Gas

Stock
Price
12M Lo
12M Hi
ST Rec
LT Rec
1186.50
1000.50
1350.50
Neutral
Sell
886
0.86
BP
454.55
416.60
483.30
Neutral
Strong Buy
1002
1.05
CAIRN ENERGY
269.20
251.80
309.40
Neutral
Sell
-23
1.35
7.70
7.15
12.50
Buy
Strong Buy
109
0.87
829.00
716.00
941.00
Neutral
Sell
568
1.37
63.50
48.50
96.00
Neutral
Sell
-58
1.43
BG GROUP
FORTUNE OIL
HUNTING
JKX OIL & GAS
PREMIER OIL
ROYAL DUTCH SHELL B
SOCO INTERNATIONAL
TULLOW OIL
WOOD GROUP (JOHN)
Beta
360.70
321.30
401.20
Neutral
Buy
403
1.47
2319.50
2098.00
2366.50
Neutral
Strong Buy
8188
0.86
367.70
319.90
404.30
Neutral
Buy
468
0.57
1038.00
977.00
1468.00
Neutral
Sell
692
1.08
901.50
720.50
906.50
Neutral
Sell
721
1.45
Target
01 August 2013
+44 20 3239 8994
Page 11 of 17
Over Valued
Personal Care & Household Products

Stock
Price
12M Lo
12M Hi
ST Rec
LT Rec
MCBRIDE
129.38
101.00
144.60
Neutral
Strong Buy
260
0.79
PZ CUSSONS
393.60
297.20
415.60
Neutral
Sell
329
0.68
4679.00
3536.00
4950.00
Neutral
Neutral
4722
0.30
RECKITT BENCKISER GROUP
Target
Under Valued
Pharmaceuticals & Biotechnology

Stock
Beta
Price
12M Lo
12M Hi
ST Rec
LT Rec
0.44
0.36
3.58
Buy
Sell
-3
0.89
3335.00
2792.50
3521.50
Neutral
Strong Buy
9054
0.49
BTG
379.70
300.30
397.90
Buy
Sell
214
0.73
DECHRA PHARMACEUTICALS
683.00
473.00
780.00
Neutral
Buy
924
0.20
1684.00
1317.50
1782.00
Neutral
Buy
1929
0.51
OXFORD BIOMEDICA
1.50
1.33
2.80
Buy
Sell
-2
0.60
PHYTOPHARM SUSP - 21/05/13
1.33
1.05
12.75
Buy
Sell
-6
0.96
2402.00
1727.00
2414.00
Neutral
Sell
1535
0.66
SKYEPHARMA
74.50
43.50
100.50
Neutral
Buy
102
0.68
VERNALIS
22.38
19.38
27.38
Neutral
Sell
11
0.88
ARK THERAPEUTICS GP.

ASTRAZENECA
GLAXOSMITHKLINE
SHIRE
Target
Under Valued
Real Estate - REIT

Stock
Beta
Price
12M Lo
12M Hi
ST Rec
LT Rec
BIG YELLOW GROUP
435.00
300.00
440.00
Neutral
Strong Buy
654
1.15
BRITISH LAND
597.50
506.00
658.00
Neutral
Buy
767
1.05
2411.00
1890.00
2542.00
Neutral
Strong Buy
4529
1.21
GREAT PORTLAND ESTATES
556.00
425.00
598.00
Neutral
Strong Buy
1046
1.05
HAMMERSON
529.50
448.60
554.00
Neutral
Neutral
509
1.24
DERWENT LONDON
Target
Beta
INTU PROPERTIES
336.60
300.60
366.00
Neutral
Buy
503
1.12
LAND SECURITIES GROUP
949.00
761.50
994.00
Neutral
Strong Buy
1614
1.14
25.88
24.25
40.75
Neutral
Sell
-142
0.87
LONDONMETRIC PROPERTY
113.50
103.20
121.40
Neutral
Sell
-3
0.30
MCKAY SECURITIES
147.50
131.50
155.00
Neutral
Strong Buy
251
0.66
MUCKLOW (A & J) GROUP
400.00
325.00
437.50
Neutral
Sell
235
0.36
PRIMARY HEALTH PROPS.
339.00
312.50
363.53
Neutral
Sell
97
0.30
0.64
LOCAL SHOP.REIT (THE)
41.50
26.11
43.25
Neutral
Sell
-345
SEGRO
REDEFINE INTL.REIT
310.80
221.60
310.80
Neutral
Sell
-240
1.80
SHAFTESBURY
632.00
516.00
668.00
Neutral
Buy
785
1.02
TOWN CENTRE SECURITIES
201.50
169.75
223.00
Neutral
Sell
17
1.03
0.98
0.70
2.52
Neutral
Sell
-921
0.96
451.60
245.00
454.10
Neutral
Strong Buy
1157
0.98
WARNER ESTATE
WORKSPACE GROUP
01 August 2013
+44 20 3239 8994
Page 12 of 17
Under Valued
Real Estate REIS

Stock
Price
12M Lo
12M Hi
ST Rec
LT Rec
360.90
210.50
360.90
Neutral
Strong Buy
764
35.00
22.75
37.50
Sell
Sell
-50
0.68
CLS HOLDINGS
1120.00
645.00
1120.00
Neutral
Strong Buy
2977
0.72
DAEJAN HOLDINGS
4010.00
2706.00
4085.00
Neutral
Strong Buy
7147
0.42
200.25
136.00
209.00
Neutral
Neutral
193
0.92
CAPITAL & CNTS.PROPS.

CAPITAL & REGIONAL
DEVELOPMENT SECS.
Target
Beta
0.65
GRAINGER
174.00
90.95
174.00
Sell
Sell
114
1.54
HELICAL BAR
299.00
178.00
302.50
Neutral
Sell
200
0.77
25.00
20.25
29.75
Neutral
Strong Buy
231
0.65
5925.00
4150.00
5950.00
Neutral
Strong Buy
14698
0.72
QUINTAIN ESTATES & DEV.
87.75
49.25
90.50
Sell
Sell
-199
1.04
RAVEN RUSSIA
70.50
61.50
79.75
Neutral
Strong Buy
216
1.51
630.00
370.00
630.00
Neutral
Strong Buy
2249
0.73
86.50
71.50
88.00
Neutral
Strong Buy
389
0.35
LONDON & ASSOCS.PROPS.

MOUNTVIEW ESTATES
SAVILLS
SMART (J)
ST MODWEN PROPS.
316.10
174.00
329.10
Neutral
Strong Buy
622
1.57
UNITE GROUP
390.30
213.25
390.30
Neutral
Strong Buy
1667
1.78
Under Valued
Software & Computer Services

Stock
Price
12M Lo
12M Hi
ST Rec
LT Rec
ANITE
128.50
113.00
162.00
Neutral
Neutral
126
0.73
2404.00
1776.97
2588.15
Neutral
Sell
1497
1.49
COMPUTACENTER
486.00
333.29
564.10
Neutral
Strong Buy
1149
0.88
KOFAX
342.50
260.75
347.25
Neutral
Sell
304
1.07
AVEVA GROUP
INNOVATION GROUP
Target
Beta
29.00
18.50
29.50
Neutral
Sell
21
0.78
MICRO FOCUS INTL.
796.00
529.08
796.00
Neutral
Buy
915
0.80
PHOENIX IT GROUP
155.25
130.00
222.00
Neutral
Strong Buy
240
0.71
84.00
64.00
85.50
Neutral
Strong Buy
236
0.49
2005.00
1275.00
2137.00
Neutral
Neutral
2182
0.79
350.50
289.36
368.18
Neutral
Buy
439
0.71
RM
FIDESSA GROUP
SAGE GROUP
Under Valued
Speciality & Other Finance

Stock
Price
12M Lo
12M Hi
ST Rec
LT Rec
ABERDEEN ASSET MAN.
384.30
257.80
492.10
Neutral
Strong Buy
1237
1.12
BREWIN DOLPHIN
253.70
144.60
253.70
Neutral
Strong Buy
653
0.69
9150.00
8000.00
11105.00
Neutral
Strong Buy
95290
0.85
425.00
260.00
426.00
Neutral
Strong Buy
1422
0.96
0.68
CAMELLIA
CHARLES STANLEY GROUP
CHARLES TAYLOR
Target
Beta
187.50
155.00
195.00
Neutral
Strong Buy
1626
CLOSE BROTHERS GROUP
1045.00
743.00
1107.00
Neutral
Strong Buy
4813
0.85
F&C ASSET MANAGEMENT
100.00
87.00
110.40
Neutral
Sell
68
0.88
4.18
0.55
4.57
Sell
Sell
-130
0.65
HENDERSON GROUP
HELPHIRE GROUP
164.10
97.60
180.40
Neutral
Strong Buy
818
1.44
ICAP
406.80
280.80
406.80
Neutral
Strong Buy
809
1.04
INTERMEDIATE CAPITAL GP.
486.30
252.70
501.50
Neutral
Strong Buy
2311
1.69
INVESTEC
439.30
358.40
513.50
Neutral
Strong Buy
1693
1.56
1574.00
930.00
1590.00
Neutral
Strong Buy
6889
1.08
80.30
71.30
134.40
Neutral
Sell
-4913
1.39
RATHBONE BROTHERS
1670.00
1208.00
1691.00
Neutral
Strong Buy
5482
0.75
SCHRODERS
2455.00
1292.00
2560.00
Neutral
Strong Buy
8165
1.27
SCHRODERS NV
1919.00
1040.00
2000.00
Neutral
Strong Buy
10863
1.25
LONDON STOCK EX.GROUP

MAN GROUP
01 August 2013
+44 20 3239 8994
Page 13 of 17
Under Valued
Support Services
Stock
Price
12M Lo
12M Hi
ST Rec
LT Rec
ACAL
255.00
157.75
255.00
Neutral
Strong Buy
878
0.90
AGGREKO
1780.00
1557.00
2400.00
Neutral
Strong Buy
4284
1.16
AMEC
1077.00
965.50
1172.00
Neutral
Strong Buy
3394
1.10
706.00
250.30
730.00
Neutral
Buy
1021
1.65
1175.00
868.50
1209.00
Neutral
Strong Buy
2686
0.48
597.00
358.00
604.00
Neutral
Strong Buy
2412
0.80
1409.00
1009.00
1409.00
Neutral
Strong Buy
2851
0.52
587.50
224.00
593.00
Neutral
Strong Buy
1702
0.41
1043.00
713.00
1057.00
Neutral
Sell
210
0.53
ASHTEAD GROUP
BABCOCK INTL.
BRITISH POLYTHENE INDS.
BUNZL
UK MAIL GROUP
CAPITA
COMMUNISIS
Target
Beta
67.50
29.19
68.00
Neutral
Strong Buy
495
0.78
COMPASS GROUP
898.00
671.50
910.50
Neutral
Strong Buy
2031
0.74
BERENDSEN
817.00
509.00
823.50
Neutral
Strong Buy
3454
1.04
DE LA RUE
988.50
891.50
1075.00
Neutral
Buy
1458
#NA
DIGNITY
1475.00
890.00
1568.00
Neutral
Strong Buy
3129
0.22
DIPLOMA
575.00
418.00
627.50
Neutral
Strong Buy
1564
0.97
ELECTROCOMP.
246.10
200.00
278.40
Neutral
Strong Buy
952
1.02
ESSENTRA PLC
774.00
500.00
774.00
Neutral
Strong Buy
1423
1.14
G4S
224.90
207.50
313.50
Neutral
Strong Buy
909
0.54
HAYS
103.10
68.20
106.00
Neutral
Strong Buy
470
1.05
HOMESERVE
265.20
185.60
293.60
Neutral
Strong Buy
1001
0.91
INTERSERVE
509.50
319.00
519.00
Neutral
Strong Buy
3772
1.30
3025.00
2697.00
3453.00
Neutral
Strong Buy
4908
0.81
49.00
27.50
50.00
Neutral
Strong Buy
120
1.10
0.68
INTERTEK GROUP
JOHNSON SERVICE GROUP
MANAGEMENT CNSL.GP.
26.50
21.25
32.00
Neutral
Strong Buy
224
MENZIES (JOHN)
737.50
573.00
801.00
Neutral
Strong Buy
1812
1.40
MICHAEL PAGE INTL.
446.50
346.40
451.80
Neutral
Strong Buy
863
1.37
MITIE GROUP
271.00
248.00
300.80
Neutral
Strong Buy
1086
0.50
41.50
40.50
156.00
Neutral
Strong Buy
726
0.28
OFFICE2OFFICE
1091.00
670.50
1110.00
Neutral
Strong Buy
2255
0.72
PREMIER FARNELL
PAYPOINT
226.90
165.50
236.30
Neutral
Strong Buy
741
1.40
REGUS
185.20
94.00
186.70
Neutral
Sell
56
1.40
98.00
70.75
100.70
Neutral
Strong Buy
275
1.29
REXAM
491.80
420.70
547.50
Neutral
Strong Buy
1823
0.86
RICARDO
435.00
340.00
435.00
Neutral
Strong Buy
1716
0.87
ROBERT WALTERS
235.00
176.25
235.00
Neutral
Strong Buy
1042
1.19
RPC GROUP
458.80
378.00
477.00
Neutral
Strong Buy
1566
0.79
RPS GROUP
225.90
195.50
274.20
Neutral
Strong Buy
1030
1.51
SERCO GROUP
627.00
535.00
683.50
Neutral
Strong Buy
2432
0.60
SHANKS GROUP
88.00
73.00
98.00
Neutral
Strong Buy
277
1.50
RENTOKIL INITIAL
SPEEDY HIRE
TRIBAL GROUP
TRIFAST
VP
WYG
59.00
23.50
64.75
Neutral
Strong Buy
318
1.23
192.75
82.00
194.50
Neutral
Strong Buy
578
0.64
55.00
40.50
59.25
Neutral
Strong Buy
342
0.94
407.50
295.25
412.50
Neutral
Strong Buy
2367
0.80
90.50
42.00
91.00
Neutral
Strong Buy
635
0.82
Over Valued
Telecommunication Services
Stock
BT GROUP
CABLE & WIRELESS COMMS.
INMARSAT
KCOM GROUP
TELECOM PLUS
VODAFONE GROUP
Price
12M Lo
12M Hi
ST Rec
LT Rec
340.70
212.50
344.00
Neutral
Buy
416
0.89
40.51
29.64
46.29
Neutral
Strong Buy
78
0.69
683.50
484.30
749.00
Neutral
Sell
243
0.57
83.20
68.25
88.50
Neutral
Buy
115
1.23
1319.00
801.00
1390.00
Neutral
Sell
785
0.03
197.50
154.45
199.90
Neutral
Sell
99
0.51
Target
Beta
01 August 2013
+44 20 3239 8994
Page 14 of 17
Over Valued
Transport
Stock
Price
12M Lo
12M Hi
ST Rec
LT Rec
BBA AVIATION
300.00
178.00
300.00
Sell
Sell
233
1.25
BRAEMAR SHIPPING SVS.
432.50
350.00
452.00
Neutral
Buy
596
1.06
CLARKSON
1888.00
1150.00
1888.00
Neutral
Sell
1337
0.84
EASYJET
1412.00
530.00
1412.00
Neutral
Sell
866
0.74
FIRST GROUP
Target
Beta
99.95
92.00
212.39
Neutral
Strong Buy
283
0.91
FISHER(JAMES)& SONS
1046.00
615.00
1110.00
Neutral
Sell
787
0.75
GO-AHEAD GROUP
1582.00
1220.00
1595.00
Neutral
Strong Buy
2727
1.00
NATIONAL EXPRESS
254.20
164.50
254.80
Neutral
Neutral
249
1.40
NORTHGATE
390.00
199.75
390.00
Neutral
Strong Buy
639
1.33
STAGECOACH GROUP
334.70
265.90
335.90
Neutral
Buy
446
0.97
75.25
42.00
78.50
Neutral
Strong Buy
233
0.94
WINCANTON
Under Valued
Utilities
Stock
Price
12M Lo
12M Hi
ST Rec
LT Rec
CENTRICA
391.00
310.80
394.90
Neutral
Strong Buy
588
NATIONAL GRID
786.50
665.50
847.50
Neutral
Buy
1003
0.45
PENNON GROUP
695.50
598.00
768.00
Neutral
Sell
637
0.61
SSE
1575.00
1312.00
1676.00
Neutral
Buy
2299
0.41
SEVERN TRENT
1773.00
1513.00
2090.00
Neutral
Sell
1538
0.34
721.50
647.00
787.50
Neutral
Neutral
767
0.48
UNITED UTILITIES GROUP
Target
Beta
0.50
01 August 2013
+44 20 3239 8994
Page 15 of 17
DISCLAIMER
Intellisys Intelligent Analysis Limited has prepared this report. Intellisys is the trading name of Intellisys
Intelligent Analysis Limited.
Intellisys is a provider of financial research reports that indicate the possible value of quoted company
shares. The information contained within any and all of Intellisys reports are designed to present an
objective assessment of the possible value or relative value of a company and/or an actuarial sector or
stock market index. Intellisys utilises as extensive as possible range of valuation tools and proprietary
systems to derive its outputs. The base data for the models are derived from sources believed to be
accurate but Intellisys Intelligent Analysis Limited does not warrant or guarantee the accuracy or reliability of
the source data or its models and proprietary systems. Subscribers, and casual readers, should not rely
upon the Intellisys research outputs when forming specific investment decisions but should seek advice
specific to their situation and investment requirements from a person authorized under the Financial
Services and Markets Act 2000, before entering into any investment agreement.
Intellisys Intelligent Analysis Limited has used reasonable care and skill in compiling the content of this
report. No representation or warranty, expressed or implied, is given by any person as to the accuracy or
completeness or accuracy of the information and no responsibility or liability is accepted to the accuracy or
sufficiency of any of the information, for any errors, omissions or misstatements, negligent or otherwise. In
no event will Intellisys Intelligent Analysis Limited, Intellisys or any of its officers, employees or agents be
liable to any other party for any direct, indirect, special or other consequential damages arising from the use
of this report.
The Intellisys Intelligent Analysis Limited and/or Intellisys reports are not directed to any person in any
jurisdiction where (by reason of that persons nationality, residence or otherwise) the publication or
availability of the Intellisys Intelligent Analysis Limited and/or Intellisys information may be prohibited.
Persons in respect of whom such prohibitions apply must not access the Intellisys Intelligent Analysis
Limited and/or Intellisys reports. Neither this document, nor any copy in whatever form of media, may be
taken or transmitted into the United States, Canada, Australia, Ireland, South Africa or Japan or into any
jurisdiction where it would be unlawful to do so. Any failure to comply with this restriction may constitute a
violation of relevant local securities laws. Recipients of Intellisys Intelligent Analysis Limited and/or Intellisys
reports outside the UK are not covered by the rules and regulations made for the protection of investors in
the UK.
Any user distributing information taken from any Intellisys reports and/or the Intellisys website, in whatever
form, to any other person, agrees to attach a copy of this Disclaimer and the Terms and Conditions of Use
pages and obtain the agreement of such other person to comply with the terms set forth.
Intellisys' published reports are published for information purposes and only available to market
counterparties, high net-worth and sophisticated individual investors.
No Intellisys report constitutes an offer or invitation to trade, sell, purchase or acquire any shares or other
financial instruments in any company or any interest therein, nor shall it form the basis of any contract
entered into for the sale of shares or any other financial instrument in any company.
Intellisys believes that the information within each and any of its reports to be correct, but its accuracy or
completeness cannot be guaranteed. No representation or warranty, expressed or implied, is given by any
person as to the accuracy or completeness of the information and no responsibility or liability is accepted for
the accuracy or sufficiency of any of the information, for any errors, omissions or mis-statements, negligent
or otherwise.
Intellisys (including its Directors, employees and representatives) or a connected person may have positions
in or options or other financial instruments on any of the securities mentioned within a report, and may buy,
sell or offer to purchase or sell such securities from time to time, subject to restrictions imposed by internal
rules.
01 August 2013
+44 20 3239 8994
Page 16 of 17
Subscribers, and casual reader, are reminded that the value of shares in any company may go up or down
and that past performance is not necessarily a guide to future performance.
Intellisys Intelligent Analysis Limited is not registered with or regulated by any financial regulatory authority
and does not offer, provide or purport to provide or offer investment advice.
RISK WARNING
Intellisys does not make personal recommendations. The information in this publication is provided
solely to enable you to make your own investment decisions.
If you are unsure about dealing in shares and other equity investments, you must contact your financial
adviser as these types of investments may not be suitable for everyone.
The value of stocks and shares, and the income from them, can fall as well as rise and you may not get
back the full amount you originally invested. If denominated in a foreign currency, fluctuations in the
exchange rate will also affect the value of stocks and shares and the income from them. Past performance
is not necessarily a guide to future performance.
01 August 2013
+44 20 3239 8994
Page 17 of 17

Value Indicator - Uk Main Market 20130801

Uploaded by

Document Information

Original Title

Copyright

Available Formats

Share this document

Share or Embed Document

Sharing Options

Did you find this document useful?

Is this content inappropriate?

Copyright:

Available Formats

Value Indicator - Uk Main Market 20130801

Uploaded by

Copyright:

Available Formats

Powered by

Automobiles & Parts

Over Valued .........................................................................................6

Under Valued ..................................................................................6

Electronics & Electrical Equipment

Under Valued ..................................................7

Over Valued .......................................................................8

Food Producers & Processors

Household Goods & Textiles

Information Technology & Hardware

Under Valued .................................................................... 10

Media & Entertainment

Personal Care & Household Products

Pharmaceuticals & Biotechnology

Under Valued .................................................... 13

Intellisys Intelligent Analysis Limited

Intellisys Intelligent Analysis Limited

RISK WARNING Ratings and Targets

Intellisys Intelligent Analysis Limited

How to use the report

Longer term action based

Latest 12 month Hi/Lo for

eta measures a shares

Intellisys Intelligent Analysis Limited

Aerospace & Defence

ULTRA ELECTRONICS HDG.

Automobiles & Parts

HSBC HDG. (ORD $0.50)

LLOYDS BANKING GROUP

Intellisys Intelligent Analysis Limited

Construction & Building Materials

BERKELEY GROUP HDG.(THE)

BOVIS HOMES GROUP

LOW & BONAR

MORGAN SINDALL GROUP

Electronics & Electrical Equipment

DOMINO PRINTING SCIENCES

Intellisys Intelligent Analysis Limited

Engineering & Machinery

AGA RANGEMASTER GROUP

HILL & SMITH

Food & Drug Stores

Food Producers & Processors

Intellisys Intelligent Analysis Limited

BROWN (N) GROUP

MARKS & SPENCER GROUP

MOSS BROTHERS GROUP

SMITH & NEPHEW

Household Goods & Textiles

Information Technology & Hardware

Intellisys Intelligent Analysis Limited

JARDINE LLOYD THOMPSON

RSA INSURANCE GROUP

Leisure & Hotels

FULLER SMITH 'A'

MITCHELLS & BUTLERS

BWIN PARTY DIGITAL ENTM.

LEGAL & GENERAL

Intellisys Intelligent Analysis Limited

Media & Entertainment

BRITISH SKY BCAST.GROUP

ANGLO PACIFIC GROUP

Oil & Gas