Digital Look broker talk

24th Nov 2011 10:02

Dixons Retail: "There was an improved sales and gross margin performance in Q2, with encouraging progress on several key financial metrics including net debt, working capital and inventory. These should go some way to allaying fears on the group's financial position, in our view" [Investec].Pennon: "South West Water is comfortably meeting its regulatory contract, and Viridor remains well positioned. This is yet another set of 'ahead of expectations' figures...Pennon is highly rated, but we believe that it fully justifies this rating" [Investec].Bowleven: "The latest Sapele-3 results leaves more questions than answers. We believe the shares are unlikely to perform until the appraisal programme starts in 2012" [Evolution Securities].Compass: "Overall, the Group sees great potential across the business especially in the Fast Growing & Emerging Markets as well as more potential from efficiencies...For the year to September 2012, the share is on a PER of about 13x and the current dividend yield is a solid 3.4%" [Charles Stanley - 23 Nov].