Pan African Resources Share News (PAF)

IG Group announced a management rejig and the closure of its sport-betting business yesterday along with its end-of-year trading statement. The moves signal a welcome decision to concentrate on the spread-betting company's core financial business and to expand it in new markets and make use of new technology. It is clearly a good business but if we invested today it would be for the dividend yield of about 5 per cent with the promise of growth still to be borne out. Well worth keeping tabs on, in our view, but for now we would rate the shares a hold, says the Independent.Pan African Resources boasts a 100koz/year gold mine in South Africa. It is aiming to expand output to some 120koz/year over the next year while also building a platinum group metals project that could see cash flow increase by 50 per cent from end 2011. The combination of solid, self-funded growth and strong cash flows would also make this an ideal takeout target for larger firms aiming to improve profitability. The Scotsman says buy.The numbers from JD Sports Fashion are a little hard to unpick. Like-for-like sales, barely ahead in the last financial year to end-January, were down 2.8 per cent in the four months since. However, last year included the World Cup, which boosted sales both of replica kit and of other football-related goods. Nonetheless, JD is right to sound cautious. This is a more robust business than most on the high street, but even with the shares on less than nine times this year's earnings, there seems little reason to buy, the Times says.Halfords put out its full-year numbers yesterday, revealing that recent trading had been boosted by punters hurrying off to camp during Easter. Pre-tax profits rose 7.2 per cent to £125.6m for the year to the end of March. In the nine weeks to the beginning of June, leisure sales rose 11.1 per cent, with Easter providing a 1.5 per cent bump. The shares trade on a rating of 10.4 times estimated full-year numbers. That looks pretty cheap, but with an uncertain outlook for the retail sector - and indeed the weather - we would counsel caution.So far, so good for 3Legs Resources, whose shares, priced at 190p on AIM yesterday, immediately went to £2 on the grey market. The float price valued the company at £161 million. It owns six licences to recover shale gas off Poland in the Baltic, for which two wells have been drilled and a third is under way. There are others as yet undeveloped in Germany and under application in France. Studies suggest that there are many trillion cubic feet of gas in the Baltic licences, but ... it is normal to state that such oil and gas explorers are highly risky and not for widows and orphans. This is true in spades for 3Legs. As I said, interesting but risky, the Times suggests.Yesterday's update from the maker of Imperial Leather soap and Carex handwash was reassuring in that, overall, PZ Cussons said performance for the year to the end of May had been in line with management's hopes. PZ Cussons is better placed than other consumer-related companies in that it has the benefit of good international operations. That said, it trades on more than 20 times forward earnings. We would not buy, but nor are we inclined to sell. The Independent recommends a hold.---BCPlease 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.