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Pin to quick picksInternational Distributions Services Share News (IDS)

Share Price Information for International Distributions Services (IDS)

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Share Price: 320.40
Bid: 320.80
Ask: 321.20
Change: -1.80 (-0.56%)
Spread: 0.40 (0.125%)
Open: 323.80
High: 324.80
Low: 318.80
Prev. Close: 322.20
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Sunday share tips: Top picks to consider for 2024

Sun, 31st Dec 2023 10:21

(Sharecast News) - The Sunday Times and Mail on Sunday have offered their top investment tips for 2024, which includes stocks from a variety of sectors such cruises and market research to metals and real estate.

Business writers from The Sunday Times each gave their individual choices on what stocks to back. Here are a selection of their best picks.

First up was Oliver Gill who recommended investors take a look at housebuilder Persimmon following a tough year for the sector in 2023. In November, the company reported it was trading in line with forecasts and that build costs were moderating. Meanwhile, it has earmarked £8m to cover the cost of cladding following the Grenfell disaster, which is a lot more than others in the sector. "Whichever way you look at it, this move by the York-based housebuilder could stand it in good stead in 2024," Gill said.

William Turvill has highlighted market research firm YouGov, given the company's political polling services will be in demand amid the "prospect of political turbulence in 2024".

Jill Treanor says professional services group Begbies Traynor is worth a shot, as the company's insolvency services could be much needed with the economic climate set to sour further in the UK next year.

Carnival is another top pick, according to Jon Yeomans, with the cruise-ship operator set to deliver another record-breaking year for revenues in 2024 with customer demand on an upwards trajectory.

Oliver Shah recommends accountancy and business software group Sage despite the stock having already risen 60% in 2023. "My bet, however, is that integrating artificial intelligence into the company's products will put new boosters under the share price. I am hoping for at least 10 per cent from Sage in 2024," Shah said.

Over at the Mail on Sunday, Joanne Hart's Midas column has highlighted four key stocks to take a look at in 2024.

Hart said Empire Metals, the AIM-listed miner based in Western Australia, could surge given it may have discovered one of the biggest titanium deposits in the world.

"Early-stage exploration firms are not for the faint-hearted but adventurous investors should give Empire a go. [...] At 9.3p, Empire shares could go far," Hart said.

Midas also recommends Royal Mail owner International Distribution Services, whose shares have halved over the past two years. Hart said the stock "has been through the mill but at £2.72, the shares should deliver rewards in time. Buy and hold".

Commercial property firm Land Securities is also worth a look, and offers "plenty of upside" after a tough year during which elevated interest rates hit share prices across the real estate sector. "Land Securities has had a tough few years but prospects are much brighter. At £7.05, these shares are a buy," Hart wrote.

Finally, cellular agriculture firm Agronomics could stand to benefit from the booming cultivated meat industry, which could be worth £20bn a year by 2030, the column said. "Agronomics provides investors with a chance to access this market at an early stage and the shares, at 9.5p, are worth a punt."

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UK earnings, trading statements calendar - next 7 days

Friday 10 November 
Allianz Technology Trust PLCQ3 Results
Wheaton Precious Metals CorpQ3 Results
Monday 13 November 
Bank of Cyprus Holdings PLCQ3 Results
British Land Co PLCHalf Year Results
Kainos Group PLCHalf Year Results
Team Internet Group PLCQ3 Results
Tuesday 14 November 
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Babcock International Group PLCHalf Year Results
Bank of Georgia Group PLCQ3 Results
Castings PLCHalf Year Results
ConvaTec Group PLCTrading Statement
DCC PLCHalf Year Results
Forterra PLCHalf Year Results
Gear4Music PLCHalf Year Results
Genel Energy PLCTrading Statement
HydrogenOne Capital Growth PLCQ3 Results
Hill & Smith PLCTrading Statement
Imperial Brands PLCFull Year Results
Informa PLCTrading Statement
Land Securities Group PLCHalf Year Results
Oxford Instruments PLCHalf Year Results
Picton Property Income LtdHalf Year Results
Renalytix PLCQ1 Results
Vesuvius PLCTrading Statement
Vodafone Group PLCHalf Year Results
Wise PLCHalf Year Results
Wednesday 15 November 
Diversified Energy Co PLCTrading Statement
Experian PLCHalf Year Results
Fuller, Smith & Turner PLCHalf Year Results
Genuit Group PLCTrading Statement
Intermediate Capital Group PLCHalf Year Results
Ninety One PLC and LtdHalf Year Results
Renold PLCHalf Year Results
SSE PLCHalf Year Results
Synthomer PLCTrading Statement
Tracsis PLCFull Year Results
Tullow Oil PLCTrading Statement
Warehouse REIT PLCHalf Year Results
Thursday 16 November 
Assura PLCHalf Year Results
Atalaya Mining PLCQ3 Results
Aviva PLCTrading Statement
Burberry Group PLCHalf Year Results
Close Brothers Group PLCTrading Statement
CMC Markets PLCHalf Year Results
Crest Nicholson Holdings PLCTrading Statement
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Kier Group PLCTrading Statement
International Distributions Services PLCHalf Year Results
Investec PLC and LtdHalf Year Results
Liontrust Asset Management PLCHalf Year Results
Manolete Partners PLCHalf Year Results
Melrose Industries PLCTrading Statement
Norcros PLCHalf Year Results
Premier Foods PLCHalf Year Results
Qinetiq Group PLCHalf Year Results
Spirax-Sarco Engineering PLCTrading Statement
Syncona LtdHalf Year Results
Tatton Asset Management PLCHalf Year Results
Tyman PLCTrading Statement
United Utlities Group PLCHalf Year Results
Young & Co's Brewery PLCHalf Year Results
  
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IN BRIEF: Royal Mail-owner IDS to buy back EUR136 million in notes

International Distributions Services PLC - owner of Royal Mail - Receives tenders from holders to sell back EUR135.5 million in debt notes and will accept all of them. At the start of September, IDS announced a tender offer for its EUR500.0 million in 2.375% guaranteed notes due 2024. IDS will buy back the notes at 98.65% of face value, plus accrued interest. It will have EUR364.5 million of the notes issue still outstanding.

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1 Sep 2023 20:45

IN BRIEF: Royal Mail owner IDS launches tender for notes due 2024

International Distributions Services PLC - owner of Royal Mail - Announces tender offer for EUR500.0 million 2.375% guaranteed notes due 2024. The purpose for the tender offer is to optimise the company's capital structure and debt profile and its subsidiaries.

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24 Jul 2023 09:06

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International Distributions bemoans weak quarterly revenue; names CEO

(Alliance News) - International Distributions Services PLC on Thursday named Martin Seidenberg as its new chief executive officer, and separately said that Royal Mail revenue has fallen over the first quarter, as expected.

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