LONDON -- This morning, broker Investec awarded Imagination Technologies Group
No matter: A 9% fall was small beer for long-term investors, who have already seen Imagination deliver a 19-fold rise in just four years. And today those long-term investors were joined by a fair number of the retail clients of stockbroker TD Direct Investing, whose buying actions made the share the third-most popular purchase between the market's opening and noon. That said, the share is on a price-to-earnings ratio of 64 -- far too rich a rating for me, I confess.
The fifth-most popular purchase by the retail clients of TD Direct Investing between the market's opening and noon was an altogether more staid business -- well, these days at least. In short, Royal Bank of Scotland
Why? As with other banks, the Bank of England's 60 billion pound lending scheme is creating a positive backdrop, and a eurozone-inspired fall in the share price to 257 pence doubtless helped as well. But more particular, perhaps, was a speech by chief executive Stephen Hester. The bank is well on the way to full recovery, he told a City audience at a bankers' conference, predicting that dividend payments would resume next year.
The eighth-most popular purchase by TD Direct Investing's individual clients this morning was Aviva
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Investing ideas from Malcolm Wheatley:
Malcolm holds shares in Aviva but has no disclosable interest in any other of the shares listed. The Motley Fool owns shares in Imagination Technologies. The Motley Fool has a disclosure policy. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors.
Disclaimer: The TD Direct Investing (www.tddirectinvesting.co.uk) list of Top Ten Buys should not be taken as a recommendation to buy or sell any particular bond or stock, and is not intended as any form of advice. Instead, it is simply an indication of the general buying trends among TD Direct Investing customers during the period stated.