UK Main (market)

Day Trader

20 April 2012

Intellisys

www.intellisys.uk.com

20 April 2012

Contents
Market Pictures - Indices ......................................................................... 5
FTSE 100 ................................................................................................ 5
FTSE 250 ................................................................................................ 6
FTSE All Share Index ................................................................................ 7
FTSE AIM All Share .................................................................................. 8
Market Pictures Interest Rates ............................................................ 10
UK Bank Lending Rates ........................................................................... 10
Eurozone Lending Rates.......................................................................... 11
US Federal Funds Rate ........................................................................... 12
Market Pictures Exchange Rates ......................................................... 13
Market Pictures - Oil............................................................................... 15
Aerospace & Defence
....................................................................... 16
Automobiles & Parts
........................................................................ 16
Banks
....................................................................................... 16
Beverages
.................................................................................. 16
Chemicals
.................................................................................. 16
Construction & Building Materials
........................................................ 16
Electronics & Electrical Equipment
....................................................... 17
Engineering & Machinery
.................................................................. 17
Food & Drug Stores
......................................................................... 17
Food Producers & Processors
............................................................. 17
General Retail
............................................................................... 18
Health
........................................................................................ 18
Household Goods & Textiles
.............................................................. 18
Information Technology & Hardware
.................................................... 18
Insurance
.................................................................................. 18
Leisure & Hotels
............................................................................ 19
Life Assurance
............................................................................ 19
Media & Entertainment
.................................................................... 19
Mining
........................................................................................ 19
Oil & Gas
..................................................................................... 20
Personal Care & Household Products
.................................................... 20
Pharmaceuticals & Biotechnology
........................................................ 20
Software & Computer Services
........................................................... 20
Speciality & Other Finance
................................................................ 20
Support Services
............................................................................ 21
Telecommunication Services
.............................................................. 21
Transport
.................................................................................. 21
Utilities
..................................................................................... 22
DISCLAIMER ............................................................................................. 23

Page 2 of 24

Intellisys 20 April 2012

Intellisys

www.intellisys.uk.com

20 April 2012

Introduction
The overriding purpose of this daily report is to provide users with a quick guide
that will identify those shares that merit their investment attention in an
increasingly time critical and information noisy trading environment.
The report is published daily and delivered to the subscribers personal email box,
typically, before the official open of the London Stock Markets.
Putting aside luck, Intellisys recognises that the timing and value of an
investment are the two primary drivers behind a successful portfolio performance.
Timing
Intellisys has invested considerably in identifying what it believes are the key
factors that influence investment timing. Having identified the key parameters,
these have been established as rules that reflect market dynamics and cut
through the daily investment noise.
Through this discipline, Intellisys has removed the emotional and sentimental
factors as well as the daily pressures exerted upon primary stock promoters
(analysts and traders) to find stories for their investment meetings.
From an analysis of a years data for 40 stocks within Intellisys stock coverage,
the trading indicators appear to be, on average, about 77% accurate in
identifying good trading points as well as some 74% accurate for overall trend
correlation.
The following chart provides an indication the accuracy scores for each of the 40
stocks analysed.

Individual Stock Recommendation & Trend Accuracy Scores

120.0%

120.0%

110.0%

110.0%

100.0%

100.0%

90.0%

90.0%

80.0%

80.0%

70.0%

70.0%

60.0%

60.0%

50.0%

50.0%

40.0%

40.0%

30.0%

30.0%

20.0%

20.0%
1

9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40
Best Buy/Sell

Trend

Source: Intellisys

Page 3 of 24

Intellisys 20 April 2012

Intellisys

www.intellisys.uk.com

20 April 2012

Value
A similar discipline has been applied to the process of establishing Target Prices.
On a daily basis, Intellisys analyses as broad an array of historic data from not
only the Profit & Loss Account but also the Balance Sheet and Cash flow
Statement and then utilises this data within its proprietary valuation models.
Intellisys architect, Philip Morrish, has successfully applied these disciplines to his
investment research for the last 15+ years. Additionally, these investment
valuation techniques lend themselves to accurate cross-border analysis.
The resultant Target is also discounted to a Net Present Value to make the
Target as realistically valid as possible.
Nevertheless, Intellisys recognises that Target Price delivery is not only a
function of market levels but a management teams ability to establish and
maintain a value generating operating environment set against a constantly
changing global background.
The typical investment analysts approach to determining target prices is to start
with a modest range of some 6 10 valuation measures and remove those that
are not providing the intuitive result. Intellysis approach is the opposite we use
as many valuation methodologies as possible.
Further, Intellisys recognises that some target prices may appear strange or
extreme. However, subscribers should not dismiss these outcomes but use them
as starting points to challenge their established or perceived valuation opinion of
a stock.
In short, this disciplined approach provides an investment reality check to assist
investors from falling in love with a stock or becoming mesmerised by
management cults.
Conclusion
No investment methodology is 100% successful and like all trading and
investment systems active position monitoring is critical for maximised
investment performance.
Therefore, Intellisys recommends that its products should be used in conjunction
with, and not separate from subscribers existing investment systems as well as
discussing investment options with their financial advisers.

Philip Morrish (philip.morrish@intellisys.uk.com)

RISK WARNING Recommendations and Target Prices

Intellisys does not make personal recommendations. The information in this
publication is provided solely to enable you to make your own investment
decisions.
If you are unsure about dealing in shares and other equity investments, you
should contact your financial adviser as these types of investments may not be
suitable for everyone.
The value of stocks and shares, and the income from them, can fall as well as rise
and you may not get back the full amount you originally invested. If denominated
in a foreign currency, fluctuations in the exchange rate will also affect the value
of stocks and shares and the income from them. Past performance is not
necessarily a guide to future performance.

Page 4 of 24

Intellisys 20 April 2012

Intellisys

www.intellisys.uk.com

20 April 2012

Market Pictures - Indices

FTSE 100
PE

Index
FTSE 100

FTSE 100 PE

6,732.4

5Y Hi

5Y Hi

18.2
18.2

3Y Hi

6,091.3

3Y Hi

1Y Hi

6,082.9

1Y Hi

Last Close

5,744.6

1Y Lo

Last Close

4,944.4

3Y Lo

3,987.5

5Y Lo

14.1
9.7

1Y Lo

7.9

3Y Lo

7.9

5Y Lo

3,512.1

2000

4000

6000

7.0
5

8000

% change
1M

-3.6; 3M

10

15

20

% change

0.1; 12M

-2.6

1M

-3.7; 3M

Yield

-6.2; 12M

-28.6

RSI

FTSE 100 DY

FTSE 100 RSI

5Y Hi

6.2
74.8

Hi
3Y Hi

5.2

1Y Hi

3.9

Last Close

3.6

1Y Lo

Last Close

49.6

3.0

3Y Lo

2.9
Lo

25.5

2.9

5Y Lo
1.0

3.0

5.0

7.0

20

40

60

80

% change
1M

4.6; 3M

Page 5 of 24

3.7; 12M

18.3

Intellisys 20 April 2012

Intellisys

www.intellisys.uk.com

20 April 2012

Market Pictures - Indices

FTSE 250
PE

Index
FTSE 250

FTSE 250 PE

5Y Hi

12,220.2

5Y Hi

27.8

3Y Hi

12,167.8

3Y Hi

27.8

1Y Hi

12,167.8

1Y Hi

Last Close

Last Close

11,423.0

1Y Lo

3Y Lo 7.1

6,987.3

5Y Lo

5Y Lo 7.1

5,491.5

500

18.5

1Y Lo 7.1

9,425.9

3Y Lo

19.5

5500

10500

15500

% change
1M

-3.1; 3M

10

15

20

25

30

% change

5.7; 12M

-1.3

1M

-1.9; 3M

Yield

13.0; 12M

7.5

RSI
FTSE 250 RSI

FTSE 250 DY

5Y Hi

5.7

Hi
3Y Hi

83.4

3.8

1Y Hi

3.3

Last Close

Last Close

2.8

1Y Lo

50.3

2.3

3Y Lo

2.2

Lo
5Y Lo

25.6

1.9
1.0

2.0

3.0

4.0

5.0

6.0

20

40

60

80

100

% change
1M

6.0; 3M

Page 6 of 24

-3.4; 12M

17.5

Intellisys 20 April 2012

Intellisys

www.intellisys.uk.com

20 April 2012

Market Pictures - Indices

FTSE All Share Index
PE

Index
FTSE ALL SHARE

5Y Hi

FTSE ALL SHARE PE

3,479.0

5Y Hi

19.5
19.5

3Y Hi

3,160.9

3Y Hi

1Y Hi

3,160.9

1Y Hi

Last Close

Last Close

2,987.8

1Y Lo

2,557.8

3Y Lo

2,038.4

5Y Lo

10.5

1Y Lo

8.5

3Y Lo

8.5

5Y Lo 7.4

1,781.6

500

14.6

1500

2500

3500

4500

% change
1M

-3.5; 3M

10

15

20

25

% change

1.0; 12M

-2.4

1M

-3.9; 3M

Yield

-4.2; 12M

-25.6

RSI
FTSE ALL SHARE RSI

FTSE ALL SHARE DY

5Y Hi

6.1

Hi
3Y Hi

74.8

5.0

1Y Hi

3.8

Last Close

Last Close

3.5

1Y Lo

49.7

2.9

3Y Lo

2.8

Lo
5Y Lo

25.4

2.7
1.0

3.0

5.0

7.0

20

40

60

80

% change
1M

4.8; 3M

Page 7 of 24

2.7; 12M

17.5

Intellisys 20 April 2012

Intellisys

www.intellisys.uk.com

20 April 2012

Market Pictures - Indices

FTSE AIM All Share
PE

Index
FTSE AIM ALL-SHARE

5Y Hi

FTSE AIM ALL-SHARE PE

1,236.6

3Y Hi

5Y1,439.5
Hi

968.3

1Y Hi

3Y1,240.8
Hi

921.6

Last Close

1Y304.6
Hi

782.7

1Y Lo

-354.3
Last Close

657.8

1Y Lo

-203,906.0

3Y Lo 448.9

3Y Lo

-203,906.0

5Y Lo373.8

5Y Lo

-203,906.0

200

700

1200

1700

-250000

-200000

% change
1M

-3.1; 3M

-150000

-100000

-50000

50000

% change

3.9; 12M

-13.6

1M -336.2; 3M -450.7; 12M -90.2

Yield

RSI

FTSE AIM ALL-SHARE DY

FTSE AIM ALL-SHARE RSI

5Y Hi

2.1
Hi

3Y Hi

91.9

1.7

1Y Hi

0.8

Last Close

0.7

1Y Lo

Last Close

46.7

0.6

3Y Lo

0.5
Lo

23.6

5Y Lo 0.4
0.2

0.7

1.2

1.7

2.2

50

100

% change
1M

10.9; 3M

Page 8 of 24

9.2; 12M

18.3

Intellisys 20 April 2012

Intellisys

www.intellisys.uk.com

20 April 2012

Market Pictures - Indices

S&P 500
PE

Index
S&P 500 COMPOSITE

5Y Hi

S&P 500 COMPOSITE PE

1,565.2

5Y Hi

146.3
146.3

3Y Hi

1,419.0

3Y Hi

1Y Hi

1,419.0

1Y 17.5
Hi

Last Close
1Y Lo

1Y13.4
Lo

1,099.2

3Y Lo
5Y Lo

Last Close
16.0

1,376.9

3Y13.4
Lo

832.4

5Y13.4
Lo

676.5

400

900

1400

10

1900

% change
1M

-2.3; 3M

60

110

160

% change

4.8; 12M

4.9

1M

-0.4; 3M

Yield

7.6; 12M

-5.8

RSI
S&P 500 COMPOSITE RSI

S&P 500 COMPOSITE DY

5Y Hi

3.4
Hi

3Y Hi

81.6

2.6

1Y Hi

2.4

Last Close

2.2

1Y Lo

Last Close

45.2

1.9

3Y Lo

1.8
Lo

5Y Lo

28.5

1.8
0.5

1.5

2.5

3.5

4.5

20

40

60

80

100

% change
1M

5.8; 3M

Page 9 of 24

0.9; 12M

12.9

Intellisys 20 April 2012

Intellisys

www.intellisys.uk.com

20 April 2012

Market Pictures Interest Rates

UK Bank Lending Rates
UK

UK CLEARING BANKS BASE RATE

5Y Hi

5.75

3Y Hi 0.50
1Y Hi 0.50
Last Close 0.50
1Y Lo 0.50
3Y Lo 0.50
5Y Lo 0.50
0.00

1.00

2.00

3.00

4.00

5.00

6.00

7.00

% change
1M

0.0; 3M

0.0; 12M

0.0

UK Lending PE

UK CLEARING BANKS BASE RATE PE

5Y Lo
17.4
3Y Lo

200.0

1Y Lo

200.0

Last Close

200.0

1Y Hi

200.0

3Y Hi

200.0

5Y Hi

200.0
10

Page 10 of 24

60

110

160

210

Intellisys 20 April 2012

Intellisys

www.intellisys.uk.com

20 April 2012

Market Pictures Interest Rates

Eurozone Lending Rates
Eurozone

EUROZONE MARGINAL LENDING RATE

5Y Hi

5.25

3Y Hi

2.25

1Y Hi

2.25

Last Close

1.75

1Y Lo

1.75

3Y Lo

1.75

5Y Lo

1.75

0.00

1.00

2.00

3.00

4.00

5.00

6.00

% change
1M

0.0; 3M

0.0; 12M

-12.5

Eurozone Lending PE

EUROZONE MARGINAL LENDING RATE - PE

5Y Lo

19.0

3Y Lo

44.4

1Y Lo

44.4

Last Close

57.1

1Y Hi

57.1

3Y Hi

57.1

5Y Hi

57.1
10

Page 11 of 24

20

30

40

50

60

Intellisys 20 April 2012

Intellisys

www.intellisys.uk.com

20 April 2012

Market Pictures Interest Rates

US Federal Funds Rate
US

US FEDERAL FUNDS RATE

5Y Hi

5.41

3Y Hi0.25
1Y 0.17
Hi
Last Close
0.15
1Y0.04
Lo
3Y0.04
Lo
5Y0.04
Lo
0.00

1.00

2.00

3.00

4.00

5.00

6.00

2510

3010

% change
1M

0.0; 3M

50.0; 12M

36.4

US Lending PE

US FEDERAL FUNDS RATE - PE

5Y18.5
Lo
3Y Lo

400.0

1Y Lo

588.2

Last Close

666.7

1Y Hi

2,500.0

3Y Hi

2,500.0

5Y Hi

2,500.0
10

Page 12 of 24

510

1010

1510

2010

Intellisys 20 April 2012

Intellisys

www.intellisys.uk.com

20 April 2012

Market Pictures Exchange Rates

US$/

US$/
5Y Hi

2.11

3Y Hi

1.70

1Y Hi

1.67

Last Close

1.61

1Y Lo

1.53

3Y Lo

1.43

5Y Lo

1.37

1.00

1.20

1.40

1.60

1.80

2.00

2.20

1.50

1.60

% change
1M

1.1; 3M

3.8; 12M

-1.6

EURO/
5Y Hi

1.50

3Y Hi

1.24

1Y Hi

1.22

Last Close

1.22

1Y Lo
3Y Lo

1.11
1.07

5Y Lo
1.02
1.00

1.10

1.20

1.30

1.40

% change
1M

Page 13 of 24

1.8; 3M

1.8; 12M

7.2

Intellisys 20 April 2012

Intellisys

www.intellisys.uk.com

20 April 2012

Market Pictures Exchange Rates

US$/

US$/EURO
5Y Hi

1.60

3Y Hi

1.51

1Y Hi

1.48

Last Close

1.31

1Y Lo

1.27

3Y Lo

1.19

5Y Lo

1.19

0.80

1.00

1.20

1.40

1.60

1.80

% change
1M

-0.8; 3M

1.3; 12M

-8.4

YEN/
5Y Hi

250.1

3Y Hi
1Y Hi
Last Close

162.5
136.6
131.0

1Y Lo 117.1
3Y Lo 117.1
5Y Lo 117.1
100.0

150.0

200.0

250.0

300.0

% change
1M

Page 14 of 24

-1.1; 3M

9.8; 12M

-2.7

Intellisys 20 April 2012

Intellisys

www.intellisys.uk.com

20 April 2012

Market Pictures - Oil

Brent Monthly FOB US$/bbl

Oil (Brent) Monthly FOB U$/bbl

5Y Hi

145.6

3Y Hi

126.6

1Y Hi

126.6

Last Close

118.8

1Y Lo

104.0

3Y Lo

48.3

5Y Lo

34.6
0

50

100

150

200

% change
1M

-5.58; 3M

7.38; 12M

-2.01

RISK WARNING Recommendations and Target Prices

Intellisys does not make personal recommendations. The information in this
publication is provided solely to enable you to make your own investment
decisions.
If you are unsure about dealing in shares and other equity investments, you
should contact your financial adviser as these types of investments may not be
suitable for everyone.
The value of stocks and shares, and the income from them, can fall as well as rise
and you may not get back the full amount you originally invested. If denominated
in a foreign currency, fluctuations in the exchange rate will also affect the value
of stocks and shares and the income from them. Past performance is not
necessarily a guide to future performance.

Page 15 of 24

Intellisys 20 April 2012

Intellisys

www.intellisys.uk.com

20 April 2012

Aerospace & Defence

Stock
BAE SYSTEMS
C HEMRING GROUP
C OBHAM
MEGGITT
ROLLS-ROYC E HOLDINGS
SMITHS GROUP
ULTRA ELEC TRONIC S HDG.
UMEC O

Price
291.4
370.3
239.5
407.3
844
1045
1680
569

12M Lo
248.1
368.8
165.9
305
552.19
869.5
1305
243.5

12M Hi
340.8
677
239.5
412
844
1340
1780
569

ST Rec
Neutral
Neutral
Neutral
Neutral
Neutral
Neutral
Neutral
Sell

Beta
0.646
0.519
0.907
1.338
1.098
0.725
0.597
0.800

Price
206.9
361.6
64
13.5

12M Lo
157
268.6
47
6.8

12M Hi
245
425.4
72.75
19.71

ST Rec
Neutral
Neutral
Neutral
Neutral

Beta
1.977
1.415
1.343
1.135

Price
212.3
554.6
29.29
23.84
1522

12M Lo
138.85
463.5
21.84
17.34
1169.5

12M Hi
301.85
662.5
60.39
42.91
1672

ST Rec
Neutral
Neutral
Sell
Sell
Neutral

Beta
1.860
1.142
1.768
1.291
1.707

Price
1169
1589
2602.5

12M Lo
1031
1112
1979

12M Hi
1395
1589
2660

ST Rec
Neutral
Sell
Neutral

Beta
0.427
0.547
0.987

Price
2257
201
2364
1508
239.5
171

12M Lo
1597
107.5
1523
1025
148
109

12M Hi
2257
206
2408
1590
253
186.5

ST Rec
Sell
Neutral
Neutral
Neutral
Neutral
Neutral

Beta
1.082
1.070
1.465
1.222
1.289
1.008

Price
271
134.7
796
1283
473.2
274.2
50.25
221
625
440
1136
60.5
96.13
680
650
122.3
109.4
50.75
1063
2411

12M Lo
214.6
67.5
540.5
1025
326.5
274.2
35.5
180
383.75
239.25
1095
38
83.25
510
374
103.5
76.95
28.71
715
1404

12M Hi
333.7
151.5
859.5
1414
518.5
403.2
101
247.5
630
671.5
1489
76.75
124.5
725
706.5
135.3
153.5
52.75
1125
2558

ST Rec
Neutral
Neutral
Neutral
Neutral
Neutral
Neutral
Neutral
Neutral
Neutral
Neutral
Neutral
Neutral
Neutral
Neutral
Neutral
Neutral
Neutral
Neutral
Neutral
Neutral

Beta
0.836
1.447
1.013
0.682
1.070
1.092
0.804
0.558
1.052
1.323
1.040
1.106
1.353
0.887
1.099
0.971
1.590
1.497
1.893
1.439

Automobiles & Parts

Stock
GKN
INC HC APE
LOOKERS
PENDRAGON

Banks
Stock
BARC LAYS
HSBC HDG. (ORD $0.50)
LLOYDS BANKING GROUP
ROYAL BANK OF SC TL.GP.
STANDARD C HARTERED

Beverages
Stock
BARR (AG)
DIAGEO
SABMILLER

Chemicals
Stock
C RODA INTERNATIONAL
ELEMENTIS
JOHNSON MATTHEY
VIC TREX
YULE C ATTO
ZOTEFOAMS

Construction & Building Materials

Stock
BALFOUR BEATTY
BARRATT DEVELOPMENTS
BELLWAY
BERKELEY GROUP HDG.(THE)
BOVIS HOMES GROUP
C ARILLION
C LARKE (T)
C OSTAIN GROUP
GALLIFORD TRY
KELLER
KIER GROUP
LOW & BONAR
MARSHALLS
MORGAN SINDALL GROUP
PERSIMMON
REDROW
SIG
TAYLOR WIMPEY
TRAVIS PERKINS
WOLSELEY

Page 16 of 24

Intellisys 20 April 2012

Intellisys

www.intellisys.uk.com

20 April 2012

Electronics & Electrical Equipment

Stock
DIALIGHT
DOMINO PRINTING SC IENC ES
E2V TEC HNOLOGIES
INVENSYS
LAIRD
OXFORD INSTRUMENTS
RENISHAW
SPEC TRIS
BIOME TEC HNOLOGIES
TT ELEC TRONIC S
XAAR

Price
1090
617
139
190.8
221.1
1275
1450
1857
0.2
179.75
229

12M Lo
643.5
434.3
86.75
180.9
128.5
714
800
1039
0.14
120.5
212

12M Hi
1090
701.5
146.5
340.6
222
1280
1886
1857
0.28
208
295

ST Rec
Sell
Neutral
Neutral
Neutral
Neutral
Neutral
Neutral
Sell
Neutral
Neutral
Neutral

Beta
0.762
1.178
1.352
1.470
2.167
0.990
1.288
1.429
0.639
1.600
1.134

Price
83.5
412.8
300
747.5
456.5
406.9
320
974
7.87
329.6
2219
202.5
176
2290
656
1752

12M Lo
62.5
225.6
252.5
395.8
280
306.3
235
636.5
7.25
224
1501
135.6
150
1649
488
1375

12M Hi
124
426.5
358
747.5
483.7
429.6
393.5
1119
12
360
2219
204.8
250
2290
690
2236

ST Rec
Neutral
Neutral
Neutral
Neutral
Neutral
Sell
Neutral
Neutral
Neutral
Neutral
Sell
Neutral
Neutral
Sell
Neutral
Neutral

Beta
1.321
1.585
0.984
2.288
1.412
0.764
1.412
1.404
0.855
1.771
0.987
1.765
1.065
0.850
1.517
1.385

Price
514.5
294.2
311.2
320.05
27.75

12M Lo
445
277
263.5
310.45
9.5

12M Hi
558
328
362.8
420.05
81.5

ST Rec
Neutral
Neutral
Neutral
Buy
Neutral

Beta
0.516
0.446
0.638
0.733
0.766

Price
1226
813.5
302.2
313
16.75
685
2069

12M Lo
977
588.5
302.2
232
3.29
544.5
1892

12M Hi
1233
841
409.7
332.2
35.12
720.5
2189

ST Rec
Neutral
Neutral
Neutral
Neutral
Neutral
Neutral
Neutral

Beta
0.599
0.598
0.931
0.333
1.403
0.627
0.582

Engineering & Machinery

Stock
AGA RANGEMASTER GROUP
BODYC OTE
C ASTINGS
C OOKSON GROUP
FENNER
HALMA
HILL & SMITH
IMI
METALRAX GROUP
MORGAN C RUC IBLE
ROTORK
SENIOR
SEVERFIELD-ROWEN
SPIRAX-SARC O
VITEC GROUP
WEIR GROUP

Food & Drug Stores

Stock
GREGGS
MORRISON(WM)SPMKTS.
SAINSBURY (J)
TESC O
THORNTONS

Food Producers & Processors

Stock
ASSOC IATED BRIT.FOODS
C RANSWIC K
DAIRY C REST
DEVRO
PREMIER FOODS
TATE & LYLE
UNILEVER (UK)

Page 17 of 24

Intellisys 20 April 2012

Intellisys

www.intellisys.uk.com

20 April 2012

General Retail
Stock
ASHLEY(LAURA) HOLDINGS
BROWN (N) GROUP
BURBERRY GROUP
C ARPETRIGHT
C LINTON C ARDS
DIXONS RETAIL
FINDEL
FRENC H C ONNEC TN.GROUP
HALFORDS GROUP
JJB SPORTS
JD SPORTS FASHION
KESA ELEC TRIC ALS
KINGFISHER
MARKS & SPENC ER GROUP
MOSS BROTHERS GROUP
MOTHERC ARE
NEXT
TED BAKER
TOPPS TILES

Price
23
225.4
1489
601
8
17.95
3.35
43
288.8
13.75
791.5
54.15
305.7
355.6
51
174.75
3013
902
38.63

12M Lo
16
222.4
1092
375
7.5
9.36
2.2
36
269.5
5.2
570
54.15
217
301.8
26
127.3
2153
633
21.5

12M Hi
23.75
304.5
1600
741
18
19.91
8.7
106
405.9
31
1030
151.4
313.8
402.2
51
448.5
3060
902
77

ST Rec
Neutral
Neutral
Neutral
Neutral
Neutral
Neutral
Neutral
Neutral
Neutral
Sell
Neutral
Buy
Neutral
Neutral
Neutral
Neutral
Neutral
Sell
Neutral

Beta
0.710
0.485
1.363
1.034
0.654
1.451
0.968
0.929
0.637
0.875
0.484
1.279
0.970
0.739
1.065
0.562
0.777
0.561
1.325

Price
653.5
38.5
608

12M Lo
498
36.5
521

12M Hi
658
59
694

ST Rec
Neutral
Neutral
Neutral

Beta
0.393
0.756
0.355

Price
43.88
569.5
295
94.13

12M Lo
21.75
405
233.25
93

12M Hi
44
577.5
310
145

ST Rec
Neutral
Neutral
Neutral
Neutral

Beta
0.483
0.381
0.926
0.653

Price
607.5
203.9
30
705
55.88
167.2
178.5

12M Lo
464
154.1
14.5
296.9
41
105.8
96

12M Hi
645
391.4
35
717
101.5
172.8
244.5

ST Rec
Neutral
Neutral
Sell
Neutral
Neutral
Neutral
Neutral

Beta
0.762
1.202
0.659
0.959
1.162
1.014
1.064

Price
1209
328.1
141.5
422.1
402.3
676
103.8
372

12M Lo
787
270.6
109.6
336
340.5
576
99.6
285

12M Hi
1754
427
151.8
449
424.7
764.5
139.8
385.25

ST Rec
Neutral
Neutral
Neutral
Neutral
Neutral
Neutral
Neutral
Neutral

Beta
0.513
0.488
0.512
0.306
0.496
0.318
0.432
0.497

Health
Stock
C ONSORT MEDIC AL
C ORIN GROUP
SMITH & NEPHEW

Household Goods & Textiles

Stock
HARVARD INTL.
GAMES WORKSHOP
HEADLAM GROUP
HORNBY

Information Technology & Hardware

Stock
ARM HOLDINGS
C SR
FILTRONIC
IMAGINATION TEC HNOLOGIES
PSION
SPIRENT C OMMUNIC ATIONS
WOLFSON MIC ROELEC TRONIC S

Insurance
Stock
ADMIRAL GROUP
AMLIN
BEAZLEY
C ATLIN GROUP
HISC OX
JARDINE LLOYD THOMPSON
RSA INSURANC E GROUP
NOVAE GROUP

Page 18 of 24

Intellisys 20 April 2012

Intellisys

www.intellisys.uk.com

20 April 2012

Leisure & Hotels

Stock
C ARNIVAL
ENTERPRISE INNS
TUI TRAVEL
FULLER SMITH 'A'
GREENE KING
LADBROKES
IC TL.HTLS.GP.
MILLENNIUM & C PTH.HTLS.
MITC HELLS & BUTLERS
BWIN PARTY DIGITAL ENTM.
PUNC H TAVERNS
RANK GROUP
RESTAURANT GROUP
WETHERSPOON (JD)
WHITBREAD
WILLIAM HILL
MARSTON'S

Price
1995
60.25
192.6
718.5
518
173.4
1474
481.2
265.1
156.2
10.25
122
285.1
417.2
1835
266.8
98.4

12M Lo
1742
26.5
136.7
609
410
114
955
371.2
215.6
100.6
9.14
109.5
254.9
380.5
1409
183.3
84.6

12M Hi
2642
96.15
250
752
523.5
173.4
1497
535.5
336.8
174
15.57
153.7
335
468.3
1872
266.8
112

ST Rec
Neutral
Neutral
Neutral
Neutral
Neutral
Neutral
Neutral
Neutral
Neutral
Neutral
Neutral
Neutral
Neutral
Neutral
Neutral
Neutral
Neutral

Beta
1.076
1.728
0.951
0.441
0.864
0.997
1.310
1.405
1.023
1.256
1.295
0.987
0.852
0.724
1.017
0.943
1.255

Price
299.6
182.25
118.6
148.9
755.5
340.8

12M Lo
275.3
161.75
89.8
98.05
509
294

12M Hi
450.3
255
135
164.6
797.5
376

ST Rec
Neutral
Neutral
Neutral
Neutral
Neutral
Neutral

Beta
1.259
0.582
1.666
1.660
1.721
0.814

Price
179.3
109.87
665.5
34.25
423.6
784
432.1
227.5
88.1
5.5
1113
46
316
28.27
114.5
73.25
31
598
91.25
855.5
3.4

12M Lo
116.17
91.25
618.5
32.5
343.4
522.5
313.9
157.7
51.65
4.11
1038
41.5
198.25
26.21
76.25
68.5
31
416
78.5
578
3.35

12M Hi
187.4
138
850
56.25
505.5
809.5
451
258
89.9
8.18
1255
67
316
39.25
168
102.25
54.25
641.5
151
880
11

ST Rec
Neutral
Neutral
Neutral
Neutral
Neutral
Neutral
Neutral
Neutral
Neutral
Neutral
Neutral
Neutral
Sell
Neutral
Neutral
Neutral
Neutral
Neutral
Neutral
Neutral
Neutral

Beta
1.306
0.507
0.607
1.041
1.086
1.054
1.517
1.418
1.521
1.461
0.662
0.857
0.348
0.509
0.811
1.450
1.566
1.296
0.863
1.290
1.318

Price
2307
310.2
1170
1940
1009
5445
3512.5
14.75
1200
1140

12M Lo
2138.5
237.9
900.5
1667
941
4580
2712.5
14.75
928
764

12M Hi
3181
340
1491
2560
1646
7565
4595
47
2366
1550

ST Rec
Neutral
Neutral
Neutral
Neutral
Neutral
Neutral
Neutral
Neutral
Neutral
Neutral

Beta
1.748
0.947
1.384
1.402
1.918
0.333
1.424
0.941
2.095
1.782

Life Assurance
Stock
AVIVA
C HESNARA
LEGAL & GENERAL
OLD MUTUAL
PRUDENTIAL
ST.JAMES'S PLAC E

Media & Entertainment

Stock
AEGIS GROUP
BLOOMSBURY PBL.
BRITISH SKY BC AST.GROUP
C ENTAUR MEDIA
DAILY MAIL 'A'
EUROMONEY INSTL.INVESTOR
INFORMA
ITE GROUP
ITV
JOHNSTON PRESS
PEARSON
PHOTO-ME INTL.
PINEWOOD SHEPPERTON
THOMSON REUTERS
STV GROUP
ST.IVES
TRINITY MIRROR
UBM
WILMINGTON GROUP
WPP
YELL GROUP

Mining
Stock
ANGLO AMERIC AN
ANGLO PAC IFIC GROUP
ANTOFAGASTA
BHP BILLITON
LONMIN
RANDGOLD RESOURC ES
RIO TINTO
UK C OAL
VEDANTA RESOURC ES
XSTRATA

Page 19 of 24

Intellisys 20 April 2012

Intellisys

www.intellisys.uk.com

20 April 2012

Oil & Gas

Stock
BG GROUP
BP
C AIRN ENERGY
FORTUNE OIL
HUNTING
JKX OIL & GAS
MELROSE RESOURC ES
PREMIER OIL
ROYAL DUTC H SHELL A(LON)
ROYAL DUTC H SHELL B
SOC O INTERNATIONAL
TULLOW OIL
WOOD GROUP (JOHN)

Price
1412.5
440.05
341.4
10.75
916
141
115.5
384.1
2122.5
2183
288.9
1502
723

12M Lo
1144
363.2
291.86
9
530
120.5
95.25
310
1883.5
1890.5
278
945.5
469.9

12M Hi
1547
504.6
515.11
14.75
968
314
288
500.75
2402
2489
397.5
1601
763.5

ST Rec
Neutral
Neutral
Neutral
Neutral
Neutral
Neutral
Buy
Neutral
Neutral
Neutral
Buy
Neutral
Neutral

Beta
0.701
1.059
1.360
0.861
1.304
1.355
1.142
1.359
0.912
0.922
0.465
1.064
1.356

Price
128.5
331.3
3660

12M Lo
108.75
285
3100

12M Hi
151.06
387.9
3660

ST Rec
Neutral
Neutral
Neutral

Beta
0.873
0.741
0.335

Price
3.38
2823.5
381.7
510
1454
4.16
8.02
1995
41.38
24.25

12M Lo
3.13
2543.5
236.8
433
1205
2.88
6.4
1818
31
18.75

12M Hi
ST Rec
5.35 Strong Buy
3194
Neutral
381.7
Neutral
579
Neutral
1497
Neutral
7.2
Buy
9.5
Buy
2300
Neutral
66.13
Neutral
49
Neutral

Beta
0.967
0.454
0.726
0.315
0.485
0.613
0.924
0.631
0.702
0.824

Price
21.88
126.25
1676
407
299
20.5
79.7
463.5
348.6
190
82
1522
284.7

12M Lo
21.75
57.75
1298
324.7
225
16.63
58.95
242.9
214.9
154.75
41.5
1444
231.7

12M Hi
27
129.75
1799
490
503.5
23
144.8
476.7
420.2
262.75
156.63
2109
312.4

ST Rec
Neutral
Neutral
Neutral
Neutral
Neutral
Neutral
Neutral
Neutral
Neutral
Neutral
Neutral
Neutral
Neutral

Beta
0.731
0.836
1.479
1.092
1.110
0.922
1.357
0.748
1.326
0.879
0.482
0.818
0.649

Price
274.4
169.7
9752.5
290
140
750.5
66.5
1.61
124
376.5
257.9
355.4
1076
93.4
1296
1446
1115

12M Lo
167.8
113.7
8800
240
115.63
590
56.05
1.36
95.05
311.6
197.9
318.4
756.5
93.4
977
1183
970

12M Hi
274.4
177
10950
350
160
820
81.7
14
163.7
524
345
522
1093
259.6
1316
1906
1554

ST Rec
Neutral
Neutral
Neutral
Neutral
Neutral
Neutral
Neutral
Neutral
Neutral
Neutral
Neutral
Neutral
Neutral
Buy
Neutral
Neutral
Neutral

Beta
1.073
0.722
0.870
0.956
0.699
0.831
0.912
0.668
1.416
1.062
1.647
1.555
1.168
1.270
0.738
1.305
1.299

Personal Care & Household Products

Stock
MC BRIDE
PZ C USSONS
REC KITT BENC KISER GROUP

Pharmaceuticals & Biotechnology

Stock
ARK THERAPEUTIC S GP.
ASTRAZENEC A
BTG
DEC HRA PHARMAC EUTIC ALS
GLAXOSMITHKLINE
OXFORD BIOMEDIC A
PHYTOPHARM
SHIRE
SKYEPHARMA
VERNALIS

Software & Computer Services

Stock
TIMEWEAVE
ANITE
AVEVA GROUP
C OMPUTAC ENTER
KOFAX
INNOVATION GROUP
LOGIC A
MIC RO FOC US INTL.
MISYS
PHOENIX IT GROUP
RM
FIDESSA GROUP
SAGE GROUP

Speciality & Other Finance

Stock
ABERDEEN ASSET MAN.
BREWIN DOLPHIN
C AMELLIA
C HARLES STANLEY GROUP
C HARLES TAYLOR C NSL.
C LOSE BROTHERS GROUP
F&C ASSET MANAGEMENT
HELPHIRE GROUP
HENDERSON GROUP
IC AP
INTERMEDIATE C APITAL GP.
INVESTEC
LONDON STOC K EX.GROUP
MAN GROUP
RATHBONE BROTHERS
SC HRODERS
SC HRODERS NV

Page 20 of 24

Intellisys 20 April 2012

Intellisys

www.intellisys.uk.com

20 April 2012

Support Services
Stock
AC AL
AGGREKO
AMEC
ASHTEAD GROUP
BABC OC K INTL.
BRITISH POLYTHENE INDS.
BUNZL
UK MAIL GROUP
C APITA
C OMMUNISIS
C OMPASS GROUP
BERENDSEN
DE LA RUE
DIGNITY
DIPLOMA
ELEC TROC OMP.
FILTRONA
G4S
HAYS
HOMESERVE
INTERSERVE
INTERTEK GROUP
JOHNSON SERVIC E GROUP
MANAGEMENT C NSL.GP.
MENZIES (JOHN)
MIC HAEL PAGE INTL.
MITIE GROUP
MOUC HEL GROUP
OFFIC E2OFFIC E
PAYPOINT
PREMIER FARNELL
REGUS
RENTOKIL INITIAL
REXAM
RIC ARDO
ROBERT WALTERS
RPC GROUP
RPS GROUP
SERC O GROUP
SHANKS GROUP
SPEEDY HIRE
TRIBAL GROUP
TRIFAST
VP
WYG
WSP GROUP

Price
191
2288
1117
261.6
839.5
357.5
1029
232
744
32
657.5
531.5
894.5
840
443.5
231.9
478.5
287.9
92.45
235.6
289.1
2605
29.63
39.38
612
438
290
8
147.5
654
213.5
112.7
89
431.3
359
257
369.4
233.2
563.5
93.25
26.75
74.25
45.38
245
54
236.25

12M Lo
166.25
1522
740.5
99.4
570.5
270
676.5
192.25
611.5
23.75
512.5
402.7
730
727
284
182.2
296.3
219.9
58.85
214.7
261
1744
25.25
27.75
445.5
323
206.8
4.75
122
450
144.5
64
58.2
299.8
325
158.25
300.5
156.6
458
90.8
18.5
38.5
36.25
191
47
160

12M Hi
344
2316
1207
271.1
839.5
392.5
1029
318.5
767
39.75
671
568
1001
854.5
453
294.9
484.5
292.1
119.6
532
341.25
2605
36
45.5
623
567
290
78
166.5
670
301
117.5
100.9
438
410
326
393.2
253
597.5
130.9
34
79.75
52.88
258
956.25
363.5

ST Rec
Neutral
Neutral
Neutral
Neutral
Neutral
Neutral
Neutral
Neutral
Neutral
Neutral
Neutral
Neutral
Neutral
Neutral
Neutral
Neutral
Neutral
Neutral
Neutral
Neutral
Neutral
Sell
Neutral
Neutral
Neutral
Neutral
Neutral
Sell
Neutral
Neutral
Neutral
Neutral
Neutral
Neutral
Neutral
Neutral
Neutral
Neutral
Neutral
Neutral
Neutral
Neutral
Neutral
Neutral
Sell
Neutral

Beta
0.938
1.162
1.008
1.523
0.556
0.730
0.542
0.342
0.434
0.765
0.710
1.017
#NA
0.202
1.013
1.014
1.114
0.584
0.981
0.654
1.346
0.864
1.137
0.680
1.467
1.350
0.610
0.913
0.393
0.719
1.184
1.396
1.296
0.868
0.819
1.252
0.837
1.576
0.571
1.460
1.311
0.625
0.880
0.903
0.766
0.949

Price
216.3
30.5
421.7
71
692
172.35

12M Lo
161
30.07
389.3
59.75
472
155.05

12M Hi
232.1
48.92
620
84
802
182.7

ST Rec
Neutral
Neutral
Neutral
Neutral
Neutral
Neutral

Beta
0.919
0.649
0.532
1.268
0.044
0.626

Price
199.6
392.5
1341
489.4
195.8
581
1150
223.5
196
244.8
60.75

12M Lo
156
282
1015
302.54
195.8
440.5
1125
201.6
190
219.96
56

12M Hi
223.4
505
1367
495.8
370.2
615
1598
270.2
342
287.4
123.25

ST Rec
Neutral
Neutral
Neutral
Neutral
Buy
Neutral
Neutral
Neutral
Neutral
Neutral
Neutral

Beta
1.406
0.944
0.812
0.767
1.076
0.825
0.940
1.284
1.380
0.876
0.851

Telecommunication Services
Stock
BT GROUP
C ABLE & WIRELESS C OMMS.
INMARSAT
KC OM GROUP
TELEC OM PLUS
VODAFONE GROUP

Transport
Stock
BBA AVIATION
BRAEMAR SHIPPING SVS.
C LARKSON
EASYJET
FIRST GROUP
FISHER(JAMES)& SONS
GO-AHEAD GROUP
NATIONAL EXPRESS
NORTHGATE
STAGEC OAC H GROUP
WINC ANTON

Page 21 of 24

Intellisys 20 April 2012

Intellisys

www.intellisys.uk.com

20 April 2012

Utilities
Stock
C ENTRIC A
NATIONAL GRID
PENNON GROUP
SEVERN TRENT
UNITED UTILITIES GROUP

Page 22 of 24

Price
317.4
648
735.5
1659
605

12M Lo
278.8
569
623.5
1375
560

12M Hi
333
659
737.5
1659
637

ST Rec
Neutral
Neutral
Neutral
Neutral
Neutral

Intellisys 20 April 2012

Beta
0.486
0.550
0.590
0.461
0.575

Intellisys

www.intellisys.uk.com

20 April 2012

DISCLAIMER

Intelligent Analysis Limited has prepared this report. Intellisys (Intellisys) is the trading
name of Intelligent Analysis Limited.
Intelligent Analysis Limited is a provider of financial research reports that indicate the possible
value of quoted company shares. The information contained within any and all of Intellisys
reports are designed to present an objective assessment of the possible value or relative value
of a company and/or an actuarial sector or stock market index. Intellisys utilises as extensive
as possible range of valuation tools and proprietary systems to derive its outputs. The base
data for the models are derived from sources believed to be accurate but Intelligent Analysis
Limited does not warrant or guarantee the accuracy or reliability of the source data or its
models and proprietary systems. Subscribers, and casual readers, should not rely upon the
Intellisys research outputs when forming specific investment decisions but should seek advice
specific to their situation and investment requirements from a person authorized under the
Financial Services and Markets Act 2000, before entering into any investment agreement.
Intelligent Analysis Limited has used reasonable care and skill in compiling the content of this
report. No representation or warranty, expressed or implied, is given by any person as to the
accuracy or completeness or accuracy of the information and no responsibility or liability is
accepted to the accuracy or sufficiency of any of the information, for any errors, omissions or
misstatements, negligent or otherwise. In no event will Intelligent Analysis Limited, Intellisys
or any of its officers, employees or agents be liable to any other party for any direct, indirect,
special or other consequential damages arising from the use of this report.
The Intelligent Analysis Limited and/or Intellisys reports are not directed to any person in any
jurisdiction where (by reason of that persons nationality, residence or otherwise) the
publication or availability of the Intelligent Analysis Limited and/or Intellisys information may
be prohibited. Persons in respect of whom such prohibitions apply must not access the
Intelligent Analysis Limited and/or Intellisys reports. Neither this document, nor any copy in
whatever form of media, may be taken or transmitted into the United States, Canada,
Australia, Ireland, South Africa or Japan or into any jurisdiction where it would be unlawful to
do so. Any failure to comply with this restriction may constitute a violation of relevant local
securities laws. Recipients of Intelligent Analysis Limited and/or Intellisys reports outside the
UK are not covered by the rules and regulations made for the protection of investors in the UK.
Any user distributing information taken from any Intelligent Analysis Limited or Intellisys
report and/or the Intellisys website, in whatever form, to any other person, agrees to attach a
copy of this Disclaimer and the Terms and Conditions of Use pages and obtain the agreement
of such other person to comply with the terms set forth.
Intellisys' published reports are published for information purposes and only available to
market counterparties, high net-worth and sophisticated individual investors.
No Intellisys report constitutes an offer or invitation to trade, sell, purchase or acquire any
shares or other financial instruments in any company or any interest therein, nor shall it form
the basis of any contract entered into for the sale of shares or any other financial instrument in
any company.
Intelligent Analysis Limited believes that the information within each and any of its reports
be correct, but its accuracy or completeness cannot be guaranteed. No representation
warranty, expressed or implied, is given by any person as to the accuracy or completeness
the information and no responsibility or liability is accepted for the accuracy or sufficiency
any of the information, for any errors, omissions or mis-statements, negligent or otherwise.

Page 23 of 24

Intellisys 20 April 2012

to
or
of
of

Intellisys

www.intellisys.uk.com

20 April 2012

Intelligent Analysis Limited (including its Directors, employees and representatives) or a

connected person may have positions in or options or other financial instruments on any of the
securities mentioned within a report, and may buy, sell or offer to purchase or sell such
securities from time to time, subject to restrictions imposed by internal rules.
Subscribers, and casual reader, are reminded that the value of shares in any company may go
up or down and that past performance is not necessarily a guide to future performance.
Intelligent Analysis Limited is not registered with or regulated by any financial regulatory
authority and does not offer, provide or purport to provide or offer investment advice.

RISK WARNING Recommendations and Target Prices

Intellisys does not make personal recommendations. The information in this publication is
provided solely to enable you to make your own investment decisions.
If you are unsure about dealing in shares and other equity investments, you should contact
your financial adviser as these types of investments may not be suitable for everyone.
The value of stocks and shares, and the income from them, can fall as well as rise and you
may not get back the full amount you originally invested. If denominated in a foreign currency,
fluctuations in the exchange rate will also affect the value of stocks and shares and the income
from them. Past performance is not necessarily a guide to future performance.

Page 24 of 24

Intellisys 20 April 2012