Gas, oil shares tipped to give investors bang for their buck
Published 19/01/2014 | 02:30
This year could be the year to make money on oil and gas shares, along with shares in building materials and distribution companies, according to Merrion Capital.
The stockbrokers, which has just published its stock tips for 2014, believes the shares of the international oil and gas company Afren would be worth investing in as well as Premier Oil and Diamond Offshore.
"Aer Lingus has significantly improved its profitability profile in recent years as the management team focused on growing the airline's profitability levels rather than maintaining loss-making routes purely on the basis of competing with lower cost carriers," said Merrion in its Global Investment Strategy.
"We believe that the airline will continue to remain profitable for the foreseeable future and is well placed to boost profit margins in the coming years, leading to increased dividends being paid to shareholders."
"Broadcom is a beneficiary of increased communication trends globally and the company estimates that 99.98 per cent of internet traffic crosses at least one Broadcom chip, of which two billion are produced annually," said Merrion.
"We continue to like Total Produce and find current valuation multiples attractive and quite undemanding for such a high quality stock."