Abstracts » Business

PowerGen post Lang

Article Abstract:

PowerGen saw a drop in its share price following an announcement by Ian Lang, UK trade secretary, that the company would not be permitted to acquire Midlands Electricity. Analysts foresee a special dividend or share buy-back, which should benefit investors. Three analysts rate the shares a buy. Panmure Gordon argues that PowerGen shares are cheap, Morgan Stanley emphasises PowerGen's strong cash flow, and Williams de Broe is also a buyer. Three brokers rate the shares a hold, and they are Societe Generale Strauss Turnbull, Charterhouse Tilney, and Yamaichi.

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PowerGen: four fans

Article Abstract:

PowerGen has performed well in terms of its stock price and the company's stocks are rated a buy by four analysts from a sample of six, with one rating them a hold and the other a sell. The buyers are Yamaichi, NatWest Markets, Societe Generale Strauss Turnbull and Williams de Broe. NatWest Markets sees benefits from the company's overseas business, and Williams de Broe notes that the company is losing its UK market share more slowly than expected. The holder is Credit Lyonnais Laing and the seller is Charterhouse Tilney.

Electric utilities

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PowerGen sparks up

Article Abstract:

PowerGen s a UK company which saw a drop in its share price following a bid for Midlands Electricity. Four stockbrokers from a sample of six recommend the company's shares while two give a hold rating in Oct 1995. Brokers in favor of buying PowerGen shares include Credit Lyonnais Laing which sees the bid for Midlands as sensible due to the earnings advantages the acquisition will bring. Holders include Greig Middleton which awaits approval for the acquisition of Midland.

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