STOCKS NEWS UK-Rambler Metal up on Red Hot tip

Mon Nov 9, 2009 9:58am EST
 
[-] Text [+]

STOCKS NEWS Reuters Results diary

Europe [STXNEWS/EU] Real-time Equity News [E] [GB/EQUITY]

UK [STXNEWS/UK] Stocks on the move [HOT-RTRS]

UK smallcaps [STX/UKSC] UK smallcaps news [GB/SMALL]

14:57GMT 09Nov2009-Rambler Metal up on Red Hot tip

--------------------------------------------------

Shares in Rambler Metals (RMM.L) rise by more than 13 percent along with other miners benefiting from higher gold and copper prices and a tip in Red Hot Penny Shares which said its Ming mine should go into production by the end of 2010. [GOL/]

"We think it's on the back of a tip off in the private investor magazine Red Hot Penny Shares," says Asa Bridle, an analyst with Seymour Pierce. "I think private clients are acting on the back of advice there, as they have recommended it as a 'Buy'."

"The fundamentals are strong for these guys, copper prices are holding on well and gold prices are doing well, so it's a nicely placed stock," Bridle says.

For more please click on [ID:nCCNCUwIGc] [ID:nWLA6648]

Reuters messaging rm://sharon.lindores.reuters.com@reuters.net

13:05GMT 09Nov2009-Game up; Seymour Pierce says 'buy'

-----------------------------------------------------

Shares in Game Group (GMG.L), the specialist video game retailer, rise 3 percent as Seymour Pierce repeats its "buy" rating on valuation grounds and says the company could be a potential target for U.S. peer GameStop (GME.N).

"Game Group is, in our view, a likely target for GameStop, which is more highly rated, 7 times larger in market capitalization terms and has little overlap with Game Group in Europe," says the broker.  Continued...

 

Featured Broker sponsored link