LONDON -- The FTSE 100
At the same time, U.K. company interim results were starting to flood in, and overall things really aren't looking too bad. Here are a few constituents of the FTSE indices that captured the news this week.
Pace
Pace
The maker of pay-TV devices was hit by floods in Thailand that disrupted the world's hard disk supply. Interim pre-tax profit was knocked down to $21.4 million from $29.4 million. But net debt fell, cash flow improved, and the company raised its guidance for the full year.
Bloomsbury Publishing
Bloomsbury Publishing
The shares were earlier hit by the ending of the Hogwarts saga, but the fall was clearly overdone. City analysts are expecting dividend yields of around 4.5% per year over the next two years, which currently puts the stock on an undemanding forward price-to-earnings ratio (P/E) of around 10.
Anglo American
Miner Anglo American
With a forecasted P/E of under 7 for the 2013 year, Anglo American, together with the other FTSE 100 miners, could well be in bargain territory right now.
Lamprell
Oil and gas construction engineer Lamprell
In June we were told the interim loss would be around $15 million to $20 million, but that estimate was raised this week to $45 million, and there's likely to be a full-year loss now, too.
What now?
As usual, this week's FTSE trading provided some large share-price movements -- and perhaps some buying opportunities. Indeed, legendary investor Warren Buffett has spent more than $1 billion buying the shares of one of the U.K.'s most successful FTSE large caps.
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