Travel, food and energy top the list for busy Tinseltown-based singer
Samantha Mumba Singer/actress
Back from Los Angeles for a stint in the Gaiety panto, the Drumcondra girl found time to give the stock market a recce for us.
She does a fair bit of travelling so it's probably no surprise that she likes the look of travel software company Datalex. Its stock rose over 33 per cent this year and also got a boost when its battle with Australian company Flight Centre ended recently. It supplies sales software for airlines including Aer Lingus and Delta and says it has new international name clients lined up for the next 18 months.
No one knows what the heck to do with their savings in this climate, so Samantha could be on to something by choosing shares in financial adviser IFG as a good bet.
She also chose oil explorer Petroceltic, which sold part of an asset in Algeria for circa $180m (€138m) and wants to grow and diversify in 2012 according to boss Brian O Cathain.
Investors are all over agri- investment now that banks have tanked and tech IPOs have disappointed. Samantha plumps for Origin Enterprises, which owns food brands like Batchelors baked beans, Roma pasta and Erin soups as well as fertiliser businesses and farm consultancy services. Continuing speculation that a private equity group is looking to acquire it could also make this stock good value.
Chilled food giant Greencore had a dismal year, let's not go into that Northern Foods mishap again, but Samantha has faith in a reversal of its fortunes in 2012. Though its share price almost halved, profits are steady. Food analysts at Shore Capital say Greencore is "undervalued" and a €1 share price is realistic in the medium term. It's at 64c or so right now so that would be quite a coup.
Green building materials firm Kingspan is the singer's final share bet. The company is spreading its net wider around the globe to find new business as markets closer to home continue to shrink, but "the threat of markets retreating somewhat in 2012, however, remains a real possibility," the company said recently.