Northgate Share News (NTG)

Hunting's broad global spread should insulate it against turbulence related to the crisis in the Gulf. And despite a multiple of 26 times 2010 forecasts, the shares are off 33 per cent since their March peak. The market is arguably over-emphasising Hunting's risk from the Gulf and overlooking improvements elsewhere, so buy, recommends the Independent.Although the ruling on Crestor is a positive, the outlook for earnings growth makes Questor hesitate over buying into Astra. But, the potential for dividend growth means the drug maker is worth holding on to if you have already bought in, writes the Telegraph. The Independent also says hold.The Times says the shares have the support of a progressive dividend policy, which in this case translates into the same or more for at least five years, which offers a yield at today's price of well over 5 per cent. Astra is also planning a £1 billion share buyback this year. The shares are attractive for that yield. Longer-term, though, the questions remain.With highly volatile credit markets in the last quarter, which lead to May being one of the worst month's on record for hedge funds, it is unlikely that a group as exposed to the currents of the global capital markets as Barclays will have come through entirely unscathed. Therefore it would be advisable to wait until half-yearly guidance from Barclays management before buying into the shares, says the Telegraph.Northgate's expected share price after the rights issue is 242.2p, so even allowing for dilution, the current price is a long way from fully taking account of the size of the new company. Not for the timid or those of limited means, but for members of the Cowdery fan club, the shares look worth having, recommends the TimesThe football World Cup tournament may have postponed the release of CDs, DVDs and games that HMV sells, but sales will be made up in due course. Let us hope not too many corporates are now tempted to blame events in South Africa for their own failings, writes the Times.Phorm shares have fallen very far, very fast and there is little point in selling. But we don't feel we can justify a buy stance until we see more contracts, customers and confidence. Hold, says the Independent.Please note: Digital Look provides a round-up of news, tips and information that is impacting share prices and the market. Digital Look cannot take any responsibility for information provided by third parties. This is for your general information only as not intended to be relied upon by users in making an investment decision or any other decision. Please obtain a copy of the relevant publication and carry out your own research before considering acting on any of this information.