The Times's investment column, Tempus, looks at the power station builder, International Power which last year merged with parts of the French group GDF Suez.
It's come a cropper building a huge hydro-electric dam in Brazil from which the returns may not be as stellar as first hoped. Tempus thinks this is "no big deal" and instead points to the prospective yield of 3.2%. The suggestion is: hold.
MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
The company has made much of improvements in the grade of copper being extracted from its Escondida mine in Northern Chile while profits were up 8% in the half year to the end of December.
With the yield for 2013 expected to come in at 3.4% and the shares trading at just 9.2 times earnings, Questor says buy.
BS
-
Is investing in the alcohol industry still worthwhile?Changing consumer tastes are rocking the alcohol industry, but the best players are adapting their strategies. Buy them while their shares are still cheap
-
Giorgio Armani: the irreplaceable Il SignoreGiorgio Armani started his fashion business in 1975 and built it into the world’s largest private luxury brand. Where can it go without him?
