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Movers & Shakers - 14 March 2013

The below stocks have been identified as having potential to register bigger than normal share price moves (up or down) today based on the news cited

Salamander Energy (SMDR.L) – FY revenue of $368.0m. FY profit before tax of $10.8m. 2013 average group daily production rate forecast to be 12,500-15,500 boepd. Production for the year averaged 10,800 boepd. Closing Price 199.40p (Reuters)

Centamin (CEY.L) – 32% from the Sukari gold mine of 320,000 ounces gold. The bulk of commissioning activities of the expanded plant will commence during H2 2013 due to delays. Total capital cost of stage 4 estimated at $325m, including contingency from $287.6m. Closing Price 53.50p (Reuters)

Home Retail (HOME.L) -.Now expected pretax profit to be around £90m vs £83m forecast in Jan  Sales at Argos stores rose 5.2% ahead of analysts’ consensus for a 2.1%. Homebase sales fell 1.5% in the period, better than analysts’ consensus for a 2.8% fall. Closing Price 132.90p (Reuters)

Wm Morrison (MRW.L) – Said on Thursday it would launch an online food offer by January 2014 to better compete with rivals as it posted its first fall in full-year profits for six years. Closing Price 271.60p (Reuters)

 Ocado Group (OCDO.L) – Gross sales in 12 weeks to 24 February 2012 up 14.4% to £185.5mn. In talks with Morrison over agreement to licence some of its IP and operating knowledge. Talks may form part of the implementation of the strategy for Morrison entering online grocery market. Closing Price 137.40p (Reuters)

For more information on any of these individual news items, call into the trading floor

Prior day's Movers & Shakers:

Stock Code Close High Low
Ferrexpo FXPO.L -7.50% 4.99% -8.18%
Thomas Cook TCG.L 15.80% 21.95% 4.60%
G4S GFS.L -2.47% -1.04% -3.93%
888 Holdings 888.L -7.18% 2.88% -7.18%
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This research is produced by Accendo Markets Limited. Research produced and disseminated by Accendo Markets is classified as non-independent research, and is therefore a marketing communication. This investment research has not been prepared in accordance with legal requirements designed to promote its independence and it is not subject to the prohibition on dealing ahead of the dissemination of investment research. This research does not constitute a personal recommendation or offer to enter into a transaction or an investment, and is produced and distributed for information purposes only.

Accendo Markets considers opinions and information contained within the research to be valid when published, and gives no warranty as to the investments referred to in this material. The income from the investments referred to may go down as well as up, and investors may realise losses on investments. The past performance of a particular investment is not necessarily a guide to its future performance. Prepared by Michael van Dulken, Head of Research

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