Thursday tips round-up: International Power and BHP Billiton
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.
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.
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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.
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