P206 CEEFAX 206 Sun 28 May 01:18/31 1/7 CEEFAX STOCK MARKETPANEL $hj Stock Market Panel assembles professi nal expe sis in an ffo t to illustrate the pros and cons of investment in U stocks and share . Whil this form of investment can brim rewards, there ar risks to . It should only be consider d if yo are ready to lose the sum invested in its entirety. Selections made and opinions given are those of the panellists and are not necessarily shared by the BBC. * Investors are recommended alway to seek professional advic . Unit Trust Panel 207 Feature 202 U Pan l Mon file n mP206 CEEFAX 206 Sun 28 May 01:59/39 2/7 CEEFAX STOCK II MASTER PANEL Robin Boyle Dumb r Boyle & K n sley London O ie : A stu n formanc f m Wall Street and th re i d U Q1 GDP data pushed the FT-SE 100 index abov 3300. Storehouse outpaced it rivals, including Marks & Spencer, after reporting strong results. -hj mbrkjt welcomed restructuring plans from Argyll. Land Securitie announced a surprising increase in it NAV. The volatility of Queens Moat was remarkable, even by penn shake standards, rising from 6p to 20p and falling back to 11p. 26 May Pan l M n file nn i E n mP206 CEEFAX 206 Sun 28 May 01:55/31 3/7 CEEFAX STOCK MARKET PANEL £££££££££££££k Robin Boyle Dunbar Boyl & Kingsley/London British Fittings, the pipeline equipment distributor and maker of high pressure water jet cleaners, is an example of a cyclical business which is trading on a modest rating in relation to the profit growth potential once the recovery gathers pace. At 85p the shares are standing on a prospective PE of under 12, trade at 4 times gross cash flow and at a 12% discount to NAV. Buy. 26 May Un Panel Monjyfile Annuitie EconomyP206 CEJFAX 206 Sun 28 May 01:45/41 4/7 n2n |.% C FAX S C I MARKET PANEL £ ££££££ £ k Barry Friesland r Fairmount Group/Bolton FT-SE (3328.2 : F ats of an impending correction on Wall Street continue to inhibit th progr ss of London equities. There is no doubt that Wall Street is precariously balanced at present and when it goes few markets will b left unscathed. The downside risk on the FT-SE r mains 3,15 . The would b an ideal buying opportunity looking for a minimum 3,640 bz the year end. To buy now would bj unwise. 26 May U$ Panel Monjyfile Annuities EconomyP206 CEEFAX 206 Sun 28 May 01:34/45 5/7 CE FAX S OC I MARKET PANEL Barry Frieslandjr Fairmount Group/Bolton De la Rue (963p): Recommendations to sell around 1050p in th middle of March proved timely with th shari falling sharply to achieve its 864p low for the year not many weeks later. The share has since clawed its way back to current levels. The share is currently o6jubought. At this time there is no reason wh9 the important 900p support should not hold. A br ak b low 870p would signal the start of a new bear leg. 26 May U Panel M njyfile Ann erie Ec momP206 CEEFAX 206 Sun 28 May 01:15/20 6/7 CEEFAX STOCK I MARKET PANEL Gsa m Shelley Adams & Ne6il /London (IMRO mjmbjr) Overview: Disappointing figures from the High Street retailers seem to justify the Chancellor's decision not to raise rates earle r this month. According to a CBI report this week inflationary pressure could start to build up a3 raw material price increases work through to the retail le6el. They also expect rates to rise to 7.75% later this year. Optimists still looking for a "soft landing" predict no chang from th curt nt level of 6.75% for several months. 26 May U Panel Mon yfile Ann erie Ec momP206 CEEFAX 206 Sun 28 May 01:55/32 7/7 CEEFAX STOCK MARKET PANEL Grajmj Shelley Adams & N il /London (IMRO mjmb r Cable and Wireless (412p) continue to attract bid speculation. The current market capitalisation is almost equivalent to the value of their holding in Honk Kong Telecom; leaving the rest of the business, including Mercury Communications "in for nothing". It would bj a logical fit for a company like AT&T to gain a foothold in the European and Far Eastern telecomminications market. Estimbtes of break-up value start at 600p. 26 May U Panel Monjyfile Ann ti Ec n mP206 CEEFAX 206 Sun 28 May 00:25/55 ] G @ CKEFAX SLOCS 2 ILO MARKET PANEL 7£££££££££££££££££££££££££££££££££££££k bobin Boyle ) Du b r Bo l o& Kingslny o d n0 2 p 2 t p British Fittings, uhj pipeline U eq5upmknt diutthbu a u gf !5 is an kxampli of a cyc ic l Mahesc rbtYng im relaxion to the recovery a 2 0 u At 8kq the shbris are standing on a a at 4 Umjshgrosshcas flow andpat o j aph b p bb d d h p 2d ppa R @da@ p@ p 2v May b b@ p pd Ann erie Ann t e Ec n my A Hj