Value Indicator - Uk Main Market 20131014

Powered by
14 October 2013
Contents
Introduction .................................................................................................................................3
Value ...........................................................................................................................................4
Conclusion ..................................................................................................................................4
RISK WARNING Ratings and Targets ....................................................................................4
How to use the report .................................................................................................................5
Over Valued ....................................................................6
Aerospace & Defence
Over
Valued ......................................................................6
Automobiles & Parts
Over Valued .........................................................................................6
Banks
Under Valued ...................................................................................6
Beverages
Under Valued ..................................................................................7
Chemicals
Under Valued ......................................7
Construction - Building Materials & Fittings
Construction - Heavy Construction
Over Valued ..................................................7

Under Valued ..................................................7
Construction Home Construction

Under Valued ..................................................8
Electronics & Electrical Equipment
Under Valued ...............................................................8
Engineering & Machinery
Over
Valued .......................................................................8
Food & Drug Stores
Over Valued ........................................................8
Food Producers & Processors
Under Valued ..............................................................................9
General Retail
Over Valued .........................................................................................9
Health
Under Valued ..........................................................9
Household Goods & Textiles
Over Valued ...............................................9
Information Technology & Hardware
Under Valued ................................................................................... 10
Insurance
Over Valued ..................................................................... 10
Leisure & Hotels
Under Valued .................................................................... 10
Life Assurance
Under Valued ................................................................ 11
Media & Entertainment
Under Valued ...................................................................................... 11
Mining
Under Valued ................................................................................... 11
Oil & Gas
Over Valued .......................................... 12
Personal Care & Household Products
Under Valued ................................................ 12
Pharmaceuticals & Biotechnology
Under
Valued
Real Estate - REIT
...................................................................... 12
Under
Valued
Real Estate REIS
..................................................................... 13
Under
Valued .................................................... 13
Software & Computer Services
Under Valued .......................................................... 13
Speciality & Other Finance
Under
Valued ..................................................................... 14
Support Services
Over Valued ....................................................... 15
Telecommunication Services
Over Valued ................................................................................... 15
Transport
Under
Valued ....................................................................................... 15
Utilities
DISCLAIMER ........................................................................................................................... 16
RISK WARNING ...................................................................................................................... 17
Intellisys Intelligent Analysis Limited
www.intellisys.uk.com
14 October 2013
+44 (0)1189 333606
Page 2 of 17
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 Rating & 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
14 October 2013
+44 (0)1189 333606
Page 3 of 17
Value
A similar discipline has been applied to the process of establishing Target Indications. On a daily basis,
Intellisys analyses as broad an array of historic data from not only the Consolidated Income Statement 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 crossborder 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 Indication 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 8 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 Indications 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 Ratings and Targets

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 must 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.
14 October 2013
+44 (0)1189 333606
Page 4 of 17
How to use the report

This daily report is typically available for download as a PDF from 7am - well in advance of the markets
open - and is based upon previous days closing prices.
We have kept the report deliberately simple for quick reading and identification of the shares most likely to
be active as can be seen from the following:
Longer term action based

upon implied target price
Todays action
Sector
Implied target price

based upon 49
valuation metrics
Closing price
General Retail
Stock
ASHLEY(LAURA) HOLDINGS
BROWN (N) GROUP
BURBERRY GROUP
CARPETRIGHT
DIXONS RETAIL
FINDEL
FRENCH CONNECTN.GROUP
HALFORDS GROUP
JJB SPORTS SUSP - 24/09/12
JD SPORTS FASHION
DARTY
KINGFISHER
MARKS & SPENCER GROUP
MOSS BROTHERS GROUP
MOTHERCARE
NEXT
TED BAKER
TOPPS TILES
Company
Price
29.00
266.70
1136.00
675.00
21.16
6.36
23.50
324.70
0.40
731.00
57.25
269.80
377.90
55.00
212.00
3576.00
951.50
49.25
12M Lo
18.50
222.40
1000.00
375.00
9.36
2.20
19.50
189.00
0.24
570.00
38.00
237.20
302.70
31.25
127.30
2540.00
633.00
21.50
12M Hi
29.50
282.70
1586.00
728.50
21.69
6.55
82.00
342.30
17.00
863.00
110.60
313.80
389.50
55.00
227.00
3644.00
1017.00
51.75
ST Rec
Neutral
Neutral
Neutral
Neutral
Neutral
Neutral
Neutral
Neutral
Neutral
Neutral
Neutral
Neutral
Neutral
Sell
Neutral
Neutral
Neutral
Neutral
Latest 12 month Hi/Lo for

the share price
LT Rec
Neutral
Buy
Sell
Sell
Strong Buy
Sell
Strong Buy
Buy
Sell
Strong Buy
Strong Buy
Buy
Buy
Buy
Sell
Sell
Sell
Sell
Target
30
298
739
268
38
4
112
415
-62
1341
321
365
448
61
97
2798
542
29
Beta
0.72
0.52
1.30
0.97
1.56
0.94
1.05
0.67
0.88
0.47
1.28
0.97
0.74
1.04
0.44
0.72
0.56
1.31
eta measures a shares

volatility/risk relative to
market (see below)
Beta is a measure of a stock's volatility or risk relative to its market. The market has a beta
of 1.0 and individual shares are attributed a beta according to how much they deviate from
the market. This can be summarised as:
eta <1.0
Share should move by less than market (i.e., less risk/lower reward)
eta =1.0
Share should move in line with the market (i.e., market neutral)
eta >1.0
Share should move by more than market (i.e., higher risk/higher reward)
14 October 2013
+44 (0)1189 333606
Page 5 of 17
Over Valued
Aerospace & Defence

Stock
Price
12M Lo
12M Hi
ST Rec
LT Rec
AVON RUBBER
543.50
305.25
550.50
Neutral
Sell
488
0.86
BAE SYSTEMS
436.30
300.80
468.00
Neutral
Buy
591
0.66
CHEMRING GROUP
220.00
217.00
353.30
Buy
Buy
314
0.65
COBHAM
280.30
190.10
307.70
Neutral
Neutral
281
0.76
MEGGITT
541.00
366.20
564.00
Neutral
Sell
493
1.24
QINETIQ GROUP
190.40
179.00
211.10
Neutral
Sell
117
0.63
1120.00
835.76
1240.00
Neutral
Buy
1473
0.95
256.70
185.90
288.40
Neutral
Neutral
261
1.63
ROLLS-ROYCE HOLDINGS
SENIOR
Target
Beta
SMITHS GROUP
1379.00
1018.00
1419.00
Neutral
Sell
1162
0.70
ULTRA ELECTRONICS HDG.
1846.00
1505.00
1981.00
Neutral
Sell
1640
0.49
Over Valued
Automobiles & Parts

Stock
Price
12M Lo
12M Hi
ST Rec
LT Rec
Target
Beta
GKN
362.30
201.00
362.30
Neutral
Sell
-1778
1.98
INCHCAPE
618.00
356.50
645.00
Neutral
Strong Buy
2912
1.35
LOOKERS
121.75
71.50
128.50
Neutral
Strong Buy
655
1.17
PENDRAGON
34.50
13.50
35.25
Neutral
Strong Buy
258
0.96
TOROTRAK
27.00
23.50
35.50
Neutral
Sell
12
0.68
Over Valued
Banks
Stock
Price
12M Lo
12M Hi
ST Rec
LT Rec
BARCLAYS
278.00
210.15
308.39
Neutral
Sell
Target
-644
Beta
2.12
HSBC HDG. (ORD $0.50)
689.60
595.30
769.90
Neutral
Buy
833
1.35
1.90
LLOYDS BANKING GROUP
76.02
39.70
78.00
Neutral
Sell
ROYAL BANK OF SCTL.GP.
376.90
266.10
384.90
Neutral
Sell
-91
1.35
STANDARD CHARTERED
1487.50
1395.00
1837.50
Neutral
Strong Buy
3325
1.79
Under Valued
Beverages
Stock
Price
12M Lo
12M Hi
ST Rec
LT Rec
BARR (AG)
520.50
432.20
588.50
Neutral
Sell
415
0.52
BRITVIC
575.50
349.10
592.00
Neutral
Buy
804
0.67
DIAGEO
1973.00
1746.50
2136.50
Sell
Buy
2272
0.52
SABMILLER
3014.00
2599.00
3657.00
Neutral
Strong Buy
4955
0.92
Target
Beta
14 October 2013
+44 (0)1189 333606
Page 6 of 17
Under Valued
Chemicals
Stock
Price
12M Lo
12M Hi
ST Rec
LT Rec
Target
Beta
ALENT
338.20
305.00
397.50
Neutral
Strong Buy
3638
#NA
AZ ELECTRONIC MATS.(DI)
293.10
240.00
406.40
Neutral
Strong Buy
530
1.11
CARCLO
388.75
342.75
501.00
Neutral
Sell
124
0.73
2477.00
2164.00
2841.00
Neutral
Buy
3113
1.06
238.70
204.20
275.00
Neutral
Buy
288
1.01
1.41
CRODA INTERNATIONAL
ELEMENTIS
JOHNSON MATTHEY
2821.00
2190.00
2985.00
Neutral
Buy
3905
VICTREX
1598.00
1380.00
1765.00
Neutral
Sell
1286
1.17
SYNTHOMER
238.10
146.00
249.20
Neutral
Strong Buy
366
1.05
ZOTEFOAMS
191.50
186.50
225.00
Neutral
Buy
281
1.01
Under Valued
Construction - Building Materials & Fittings

Stock
Price
12M Lo
12M Hi
ST Rec
LT Rec
126.50
79.50
137.00
Neutral
Strong Buy
446
1502.00
1090.00
1540.00
Neutral
Sell
1042
0.97
75.50
50.00
80.00
Neutral
Strong Buy
552
1.11
MARSHALLS
180.00
85.00
184.00
Neutral
Neutral
176
1.37
NORCROS
19.88
11.75
21.75
Neutral
Strong Buy
221
1.02
186.70
102.00
193.70
Neutral
Strong Buy
975
1.61
44.00
22.00
45.50
Neutral
Sell
39
0.91
1678.00
1060.00
1713.00
Neutral
Strong Buy
15245
1.93
211.00
143.13
240.00
Neutral
Neutral
221
1.01
3169.00
2636.64
3483.00
Neutral
Strong Buy
10266
1.32
ALUMASC GROUP
CRH
LOW & BONAR
SIG
TITON HOLDINGS
TRAVIS PERKINS
TYMAN
WOLSELEY
Target
0.54
Over Valued
Construction - Heavy Construction

Stock
Beta
Price
12M Lo
12M Hi
ST Rec
LT Rec
BALFOUR BEATTY
268.50
207.60
320.80
Neutral
Strong Buy
1064
0.68
BOOT (HENRY)
183.00
123.50
201.00
Neutral
Sell
112
0.71
CARILLION
303.50
244.80
331.80
Neutral
Buy
365
0.98
CLARKE (T)
65.75
40.00
68.50
Neutral
Buy
84
0.68
COSTAIN GROUP
Target
Beta
262.50
226.25
306.00
Neutral
Strong Buy
410
0.50
GALLIFORD TRY
1098.00
678.00
1098.00
Neutral
Sell
718
0.76
KELLER
1010.00
560.50
1161.00
Neutral
Sell
528
1.25
KIER GROUP
1740.00
1106.00
1740.00
Neutral
Sell
1582
0.82
MORGAN SINDALL GROUP
817.00
508.00
819.00
Neutral
Buy
981
0.60
NORTH MIDLAND CON.
117.50
95.00
147.50
Neutral
Strong Buy
261
#NA
33.50
20.00
34.00
Sell
Sell
-11
0.45
POCHIN'S
Under Valued
Construction Home Construction

Stock
Price
12M Lo
12M Hi
ST Rec
LT Rec
331.80
177.00
355.20
Neutral
Buy
371
1.60
BELLWAY
1355.00
934.50
1502.00
Neutral
Buy
1924
0.93
BERKELEY GROUP HDG.(THE)
2232.00
1420.00
2340.00
Neutral
Neutral
2134
0.47
767.00
489.30
851.50
Neutral
Buy
969
1.05
BARRATT DEVELOPMENTS
BOVIS HOMES GROUP
Target
Beta
CREST NICHOLSON HOLDINGS
346.00
220.00
360.00
Neutral
Sell
276
#NA
GLEESON (MJ) GROUP
340.00
141.50
354.75
Neutral
Sell
193
0.49
1197.00
689.95
1305.00
Sell
Sell
1080
1.06
REDROW
248.00
152.90
255.10
Neutral
Neutral
258
0.84
TAYLOR WIMPEY
109.00
56.65
113.80
Neutral
Buy
125
1.45
PERSIMMON
14 October 2013
+44 (0)1189 333606
Page 7 of 17
Under Valued
Electronics & Electrical Equipment

Stock
Price
12M Lo
12M Hi
ST Rec
LT Rec
1185.00
999.50
1399.00
Neutral
Sell
1063
0.63
DOMINO PRINTING SCIENCES
659.50
522.00
717.00
Neutral
Buy
892
0.99
E2V TECHNOLOGIES
142.00
105.50
148.25
Neutral
Strong Buy
290
1.29
INVENSYS
503.00
217.33
509.50
Neutral
Sell
294
1.33
LAIRD
221.80
171.10
249.30
Neutral
Strong Buy
451
1.99
OXFORD INSTRUMENTS
1384.00
1209.00
1752.00
Neutral
Sell
1163
1.22
RENISHAW
1729.00
1494.00
2081.00
Neutral
Buy
2090
1.31
SPECTRIS
2234.00
1549.00
2470.00
Neutral
Buy
2852
1.48
BIOME TECHNOLOGIES
187.50
65.00
303.67
Neutral
Sell
-433
0.70
TT ELECTRONICS
192.50
114.00
200.00
Neutral
Strong Buy
440
1.64
XAAR
795.50
247.50
898.00
Neutral
Sell
423
1.00
DIALIGHT
Beta
Under Valued
Engineering & Machinery

Stock
Target
Price
12M Lo
12M Hi
ST Rec
LT Rec
AGA RANGEMASTER GROUP
130.50
54.38
130.50
Sell
Buy
147
1.06
BODYCOTE
653.00
345.10
685.00
Neutral
Neutral
646
1.51
CASTINGS
418.50
291.00
450.00
Neutral
Buy
574
0.93
VESUVIUS
460.10
263.19
487.60
Neutral
Strong Buy
1197
2.20
FENNER
398.30
305.90
435.20
Neutral
Buy
571
1.44
HALMA
536.00
410.40
578.00
Neutral
Sell
417
0.84
HILL & SMITH
452.25
364.00
480.00
Neutral
Buy
555
1.25
1488.00
902.00
1513.00
Neutral
Strong Buy
4298
1.31
298.30
220.30
318.00
Neutral
Strong Buy
500
1.82
2782.00
2229.00
3037.00
Neutral
Sell
2621
0.97
60.13
35.40
76.91
Neutral
Sell
51
0.76
SPIRAX-SARCO
2911.00
1932.53
3090.00
Neutral
Sell
1813
0.69
VITEC GROUP
683.00
559.00
740.00
Neutral
Sell
486
1.33
WEIR GROUP
2313.00
1688.00
2474.00
Neutral
Neutral
2257
1.31
IMI
MORGAN ADVANCED MATERIAL
ROTORK
SEVERFIELD-ROWEN
Target
Over Valued
Food & Drug Stores

Stock
Beta
Price
12M Lo
12M Hi
ST Rec
LT Rec
GREGGS
436.70
392.10
523.50
Neutral
Strong Buy
Target
805
0.40
MORRISON(WM)SPMKTS.
275.60
248.60
302.50
Buy
Buy
380
0.35
SAINSBURY (J)
388.50
321.90
400.80
Neutral
Buy
457
0.58
TESCO
357.90
307.90
387.75
Neutral
Sell
193
0.74
THORNTONS
103.25
28.63
103.25
Neutral
Sell
64
0.83
Over Valued
Food Producers & Processors

Stock
Beta
Price
12M Lo
12M Hi
ST Rec
LT Rec
Target
Beta
ASSOCIATED BRIT.FOODS
1911.00
1326.00
2031.00
Neutral
Sell
1618
0.57
CRANSWICK
1066.00
733.00
1189.00
Neutral
Strong Buy
1727
0.35
DAIRY CREST
477.50
342.90
528.50
Neutral
Sell
394
0.83
DEVRO
305.00
289.90
380.00
Neutral
Strong Buy
484
0.37
PREMIER FOODS
158.00
59.75
166.50
Neutral
Strong Buy
251
1.22
TATE & LYLE
753.50
692.50
883.00
Neutral
Strong Buy
1287
0.62
2376.00
2262.00
2885.00
Neutral
Sell
2059
0.57
UNILEVER (UK)
14 October 2013
+44 (0)1189 333606
Page 8 of 17
Under Valued
General Retail
Stock
Price
12M Lo
12M Hi
ST Rec
LT Rec
ASHLEY(LAURA) HOLDINGS
25.25
24.00
29.50
Neutral
Strong Buy
44
0.65
502.00
267.00
577.00
Neutral
Neutral
515
0.56
1605.00
1125.00
1667.00
Neutral
Sell
1238
1.28
663.50
585.00
701.50
Neutral
Sell
252
0.85
1.53
BROWN (N) GROUP

BURBERRY GROUP
CARPETRIGHT
DIXONS RETAIL
FINDEL
FRENCH CONNECTN.GROUP
HALFORDS GROUP
Target
Beta
46.28
20.36
47.67
Neutral
Neutral
45
236.25
108.00
253.75
Neutral
Sell
148
0.90
30.38
23.00
34.00
Sell
Sell
12
1.09
0.68
381.10
299.00
406.00
Neutral
Strong Buy
588
1098.00
670.00
1098.00
Neutral
Strong Buy
2063
0.59
74.50
39.00
88.25
Neutral
Strong Buy
123
1.10
KINGFISHER
370.20
268.50
420.00
Neutral
Buy
548
0.98
MARKS & SPENCER GROUP
477.70
359.00
513.50
Neutral
Strong Buy
741
0.50
69.75
53.50
74.88
Neutral
Buy
86
0.78
JD SPORTS FASHION
DARTY
MOSS BROTHERS GROUP
386.50
221.25
492.75
Neutral
Sell
135
0.28
NEXT
MOTHERCARE
5040.00
3542.00
5205.00
Neutral
Neutral
5275
0.63
TED BAKER
1696.00
920.00
2017.00
Neutral
Sell
1036
0.60
85.00
47.00
94.00
Neutral
Sell
80
1.55
TOPPS TILES
Over Valued
Health
Stock
Price
12M Lo
12M Hi
ST Rec
LT Rec
BIOQUELL
151.50
130.00
160.00
Neutral
Sell
121
0.45
CONSORT MEDICAL
899.00
660.50
899.00
Sell
Sell
689
0.37
OPTOS
154.75
106.75
215.25
Neutral
Buy
176
1.09
SMITH & NEPHEW
771.50
638.00
800.00
Neutral
Sell
669
0.33
Beta
Under Valued
Household Goods & Textiles

Stock
Target
Price
12M Lo
12M Hi
ST Rec
LT Rec
GAMES WORKSHOP
780.00
601.00
823.50
Neutral
Neutral
756
HEADLAM GROUP
382.75
302.50
415.00
Neutral
Buy
446
0.75
78.75
55.25
87.50
Neutral
Sell
48
0.70
HORNBY
Target
0.29
Over Valued
Information Technology & Hardware

Stock
Beta
Price
12M Lo
12M Hi
ST Rec
LT Rec
ARM HOLDINGS
984.00
577.50
1097.00
Neutral
Sell
435
CSR
500.50
330.90
607.00
Neutral
Strong Buy
1493
1.06
66.25
30.75
83.25
Neutral
Buy
73
1.00
FILTRONIC
Target
Beta
0.63
IMAGINATION TECHNOLOGIES
275.80
235.10
552.00
Neutral
Sell
221
1.09
SPIRENT COMMUNICATIONS
128.10
118.00
169.20
Neutral
Strong Buy
394
0.88
WOLFSON MICROELECTRONICS
153.75
140.00
226.25
Neutral
Sell
-33
0.95
14 October 2013
+44 (0)1189 333606
Page 9 of 17
Under Valued
Insurance
Stock
Price
12M Lo
12M Hi
ST Rec
LT Rec
Target
Beta
1226.00
1019.00
1416.00
Neutral
Sell
-485
0.58
AMLIN
406.50
364.10
435.10
Neutral
Strong Buy
1544
0.47
BEAZLEY
209.40
167.30
242.70
Neutral
Strong Buy
957
0.61
CATLIN GROUP
486.90
455.30
552.50
Neutral
Neutral
477
0.29
HISCOX
664.50
463.32
670.00
Neutral
Strong Buy
1915
0.43
JARDINE LLOYD THOMPSON
949.50
723.00
949.50
Neutral
Buy
1218
0.28
RSA INSURANCE GROUP
118.90
107.70
136.30
Neutral
Strong Buy
735
0.36
NOVAE GROUP
497.50
345.00
520.50
Neutral
Strong Buy
3463
0.39
ADMIRAL GROUP
Over Valued
Leisure & Hotels

Stock
CARNIVAL
ENTERPRISE INNS
Price
12M Lo
12M Hi
ST Rec
LT Rec
2058.00
2030.00
2628.00
Neutral
Strong Buy
Target
3303
Beta
0.96
150.20
63.75
153.80
Neutral
Sell
97
1.51
TUI TRAVEL
369.60
246.40
401.50
Neutral
Strong Buy
691
1.06
FULLER SMITH 'A'
870.50
726.00
969.00
Neutral
Sell
571
0.24
GREENE KING
800.00
587.00
897.50
Neutral
Sell
584
0.87
LADBROKES
190.70
167.40
243.10
Neutral
Buy
249
0.85
1815.00
1524.00
2039.00
Neutral
Sell
1612
1.10
MILLENNIUM & CPTH.HTLS.
573.50
456.00
582.50
Neutral
Neutral
557
1.33
MITCHELLS & BUTLERS
396.00
296.00
460.00
Neutral
Sell
255
0.89
BWIN PARTY DIGITAL ENTM.
122.00
101.30
156.00
Neutral
Sell
59
1.28
ICTL.HTLS.GP.
PUNCH TAVERNS
14.75
6.15
15.50
Neutral
Strong Buy
66
0.98
RANK GROUP
162.00
137.30
177.50
Neutral
Strong Buy
549
1.01
RESTAURANT GROUP
548.50
364.00
575.00
Neutral
Sell
372
0.66
WETHERSPOON (JD)
714.50
491.80
767.00
Neutral
Sell
655
0.55
WHITBREAD
3210.00
2300.00
3303.00
Neutral
Sell
2076
1.05
WILLIAM HILL
412.20
302.37
494.50
Neutral
Sell
347
0.79
MARSTON'S
146.70
117.70
165.50
Neutral
Sell
10
1.08
Under Valued
Life Assurance
Stock
Price
12M Lo
12M Hi
ST Rec
LT Rec
AVIVA
426.60
294.10
428.20
Neutral
Sell
390
1.23
CHESNARA
291.00
176.50
291.00
Neutral
Strong Buy
549
0.62
LEGAL & GENERAL
195.90
132.40
203.60
Neutral
Strong Buy
514
1.82
OLD MUTUAL
190.40
166.10
221.60
Neutral
Strong Buy
404
1.54
PRUDENTIAL
1178.00
834.50
1232.00
Neutral
Neutral
1215
1.82
620.00
374.90
641.50
Neutral
Strong Buy
6853
0.88
ST.JAMES'S PLACE
17
Target
Beta
14 October 2013
+44 (0)1189 333606
Page 10 of
Under Valued
Media & Entertainment

Stock
Price
12M Lo
12M Hi
ST Rec
LT Rec
BLOOMSBURY PBL.
169.00
102.00
169.00
Neutral
Strong Buy
922
BRITISH SKY BCAST.GROUP
873.00
709.00
899.50
Neutral
Strong Buy
1056
0.42
51.00
31.00
60.00
Neutral
Sell
-42
1.00
1.04
CENTAUR MEDIA
DAILY MAIL 'A'
Target
Beta
0.39
754.50
451.25
835.00
Neutral
Strong Buy
3556
1060.00
747.50
1209.00
Neutral
Strong Buy
5566
0.87
INFORMA
518.00
380.50
545.00
Neutral
Strong Buy
327
1.51
ITE GROUP
282.10
183.50
307.40
Neutral
Buy
201
1.38
ITV
183.90
85.65
184.00
Neutral
Strong Buy
1369
1.54
13.25
9.88
19.00
Neutral
Buy
720
1.11
0.60
EUROMONEY INSTL.INVESTOR
JOHNSTON PRESS
PEARSON
1292.00
1119.00
1350.00
Neutral
Neutral
309
PHOTO-ME INTL.
116.50
47.25
116.50
Neutral
Strong Buy
2283
0.81
PINEWOOD SHEPPERTON
297.50
269.00
299.50
Neutral
Strong Buy
732
0.06
THOMSON REUTERS
35.94
26.85
36.59
Neutral
Strong Buy
346
0.39
STV GROUP
266.50
92.50
266.50
Neutral
Sell
240
0.86
ST.IVES
171.25
98.50
180.50
Neutral
Sell
159
1.34
TRINITY MIRROR
122.25
51.25
128.25
Neutral
Sell
-289
1.53
1.33
UBM
716.50
636.00
788.00
Neutral
Strong Buy
1421
WILMINGTON GROUP
218.50
127.75
218.50
Neutral
Strong Buy
1390
0.83
1238.00
788.00
1296.00
Neutral
Sell
-827
1.25
WPP
Under Valued
Mining
Stock
ANGLO AMERICAN
ANGLO PACIFIC GROUP
ANTOFAGASTA
BHP BILLITON
GLENCORE XSTRATA
LONMIN
Price
12M Lo
12M Hi
ST Rec
LT Rec
1512.00
1207.00
2072.00
Neutral
Sell
Target
1241
Beta
1.74
193.00
161.00
289.00
Neutral
Neutral
201
1.03
1.27
859.00
784.50
1381.00
Neutral
Sell
814
1815.00
1666.50
2236.00
Neutral
Strong Buy
2820
1.41
335.90
256.85
397.85
Neutral
Strong Buy
988
#NA
315.30
240.84
380.10
Sell
Buy
432
1.86
RANDGOLD RESOURCES
4304.00
3972.00
7745.00
Neutral
Sell
2768
0.51
RIO TINTO
3079.50
2582.00
3757.00
Neutral
Sell
2445
1.44
VEDANTA RESOURCES
1020.00
992.00
1335.00
Neutral
Strong Buy
2695
2.17
Under Valued
Oil & Gas

Stock
Price
12M Lo
12M Hi
ST Rec
LT Rec
1190.50
1000.50
1350.50
Neutral
Sell
887
BP
439.65
416.60
483.30
Neutral
Strong Buy
982
1.04
CAIRN ENERGY
265.50
251.80
296.10
Neutral
Sell
-40
1.25
0.76
BG GROUP
FORTUNE OIL
HUNTING
JKX OIL & GAS
Target
Beta
0.81
8.01
5.44
9.51
Neutral
Strong Buy
89
790.00
716.00
941.00
Neutral
Sell
573
1.25
72.25
48.50
80.38
Neutral
Sell
-59
1.21
1.45
331.90
321.30
400.20
Neutral
Buy
402
ROYAL DUTCH SHELL B
2115.00
2077.50
2365.00
Neutral
Strong Buy
8247
0.78
SOCO INTERNATIONAL
406.70
290.14
417.00
Neutral
Neutral
436
0.53
TULLOW OIL
997.00
975.50
1468.00
Neutral
Sell
685
1.08
WOOD GROUP (JOHN)
783.50
720.50
915.50
Neutral
Sell
717
1.40
PREMIER OIL
17
14 October 2013
+44 (0)1189 333606
Page 11 of
Over Valued
Personal Care & Household Products

Stock
MCBRIDE
PZ CUSSONS
RECKITT BENCKISER GROUP
Price
12M Lo
12M Hi
ST Rec
LT Rec
123.00
101.00
144.60
Neutral
Buy
ARK THERAPEUTICS GP.

ASTRAZENECA
BTG
DECHRA PHARMACEUTICALS
GLAXOSMITHKLINE
OXFORD BIOMEDICA
PHYTOPHARM
Beta
164
0.85
407.40
314.60
432.50
Neutral
Sell
364
0.75
4349.00
3610.00
4950.00
Neutral
Neutral
4472
0.33
Under Valued
Pharmaceuticals & Biotechnology

Stock
Target
Price
12M Lo
12M Hi
ST Rec
LT Rec
0.32
0.32
3.58
Buy
Sell
Target
-4
Beta
3176.50
2792.50
3521.50
Neutral
Strong Buy
7922
0.47
377.10
317.50
397.90
Neutral
Sell
175
0.38
0.18
0.89
691.50
569.00
780.00
Neutral
Neutral
666
1554.50
1317.50
1782.00
Neutral
Neutral
1678
0.49
2.31
1.33
2.83
Buy
Sell
-3
0.38
0.79
58.00
51.50
568.75
Buy
Sell
-255
2445.00
1727.00
2593.00
Neutral
Sell
1256
0.69
SKYEPHARMA
90.25
43.50
101.75
Neutral
Sell
28
0.51
VERNALIS
29.25
19.38
31.00
Neutral
Sell
0.76
SHIRE
Under Valued
Real Estate - REIT

Stock
Price
12M Lo
12M Hi
ST Rec
LT Rec
BIG YELLOW GROUP
461.00
322.90
462.40
Neutral
Strong Buy
768
1.24
BRITISH LAND
591.00
506.00
658.00
Neutral
Buy
880
1.14
2462.00
1985.00
2542.00
Neutral
Strong Buy
5400
1.32
GREAT PORTLAND ESTATES
567.50
446.50
598.00
Neutral
Strong Buy
1250
1.07
HAMMERSON
507.00
458.70
554.00
Neutral
Buy
594
1.41
1.22
DERWENT LONDON
Target
Beta
INTU PROPERTIES
329.70
300.60
366.00
Neutral
Strong Buy
612
LAND SECURITIES GROUP
945.00
762.50
994.00
Neutral
Strong Buy
1895
1.22
29.38
24.25
38.50
Neutral
Sell
-182
0.78
LONDONMETRIC PROPERTY
121.20
103.20
121.90
Neutral
Sell
-9
0.33
MCKAY SECURITIES
179.50
131.50
179.50
Neutral
Strong Buy
304
0.50
MUCKLOW (A & J) GROUP
474.00
341.50
500.00
Neutral
Sell
252
0.57
PRIMARY HEALTH PROPS.
317.00
312.50
363.53
Neutral
Sell
119
0.22
47.50
30.75
47.50
Neutral
Sell
-420
0.43
1.96
LOCAL SHOP.REIT (THE)
REDEFINE INTL.REIT
SEGRO
318.00
221.60
318.00
Neutral
Sell
-340
SHAFTESBURY
600.50
522.50
668.00
Neutral
Strong Buy
912
1.13
TOWN CENTRE SECURITIES
226.50
178.75
230.00
Neutral
Sell
0.95
WORKSPACE GROUP
466.50
281.90
481.00
Neutral
Strong Buy
1516
1.10
17
14 October 2013
+44 (0)1189 333606
Page 12 of
Under Valued
Real Estate REIS

Stock
CAPITAL & CNTS.PROPS.
CAPITAL & REGIONAL
Price
12M Lo
12M Hi
ST Rec
LT Rec
347.30
223.50
365.60
Neutral
Strong Buy
Target
682
Beta
0.72
41.50
22.75
42.00
Neutral
Sell
-53
0.55
0.80
CLS HOLDINGS
1200.00
656.50
1260.00
Neutral
Strong Buy
2936
DAEJAN HOLDINGS
3944.00
2706.00
4200.00
Neutral
Strong Buy
14765
0.56
202.00
143.00
209.00
Neutral
Neutral
195
1.14
DEVELOPMENT SECS.
GRAINGER
178.50
105.10
187.50
Neutral
Sell
112
1.64
HELICAL BAR
295.00
178.00
302.50
Neutral
Sell
205
0.83
35.25
21.50
35.25
Neutral
Strong Buy
228
0.60
6462.50
4350.00
6512.50
Neutral
Strong Buy
14563
0.69
88.00
51.75
92.00
Sell
Sell
-211
1.10
1.56
LONDON & ASSOCS.PROPS.

MOUNTVIEW ESTATES
QUINTAIN ESTATES & DEV.
RAVEN RUSSIA
SAVILLS
SMART (J)
79.00
61.50
79.75
Sell
Strong Buy
210
620.50
392.80
664.50
Neutral
Strong Buy
1875
0.68
85.00
72.50
90.50
Neutral
Strong Buy
373
0.42
ST MODWEN PROPS.
330.70
194.00
333.00
Neutral
Strong Buy
631
1.68
UNITE GROUP
385.60
260.70
403.00
Neutral
Strong Buy
1643
1.93
Under Valued
Software & Computer Services

Stock
Price
12M Lo
12M Hi
ST Rec
LT Rec
ANITE
113.25
109.50
162.00
Neutral
Buy
142
0.66
2537.00
1975.75
2650.00
Neutral
Sell
1499
1.49
COMPUTACENTER
536.50
333.29
564.10
Neutral
Strong Buy
1477
0.85
KOFAX
370.50
260.75
388.00
Neutral
Sell
346
1.11
0.78
AVEVA GROUP
INNOVATION GROUP
Target
Beta
31.00
20.75
31.00
Sell
Sell
27
MICRO FOCUS INTL.
770.50
543.00
812.50
Neutral
Buy
1043
0.84
PHOENIX IT GROUP
160.00
130.00
184.00
Neutral
Sell
-228
0.59
0.58
RM
FIDESSA GROUP
SAGE GROUP
113.50
64.00
114.25
Neutral
Strong Buy
269
1959.00
1275.00
2190.00
Neutral
Buy
2169
0.62
322.90
289.36
368.18
Neutral
Buy
439
0.70
Under Valued
Speciality & Other Finance

Stock
Price
12M Lo
12M Hi
ST Rec
LT Rec
ABERDEEN ASSET MAN.
393.40
318.20
492.10
Neutral
Strong Buy
1287
1.12
BREWIN DOLPHIN
268.50
169.80
283.00
Neutral
Strong Buy
648
0.85
8550.00
8000.00
11105.00
Neutral
Strong Buy
81297
0.85
454.75
264.38
474.00
Neutral
Strong Buy
1414
0.89
0.64
CAMELLIA
CHARLES STANLEY GROUP
Target
Beta
210.00
155.00
228.00
Neutral
Strong Buy
1628
CLOSE BROTHERS GROUP
1275.00
830.00
1275.00
Sell
Strong Buy
4799
0.78
F&C ASSET MANAGEMENT
96.60
90.00
110.40
Neutral
Sell
77
0.77
CHARLES TAYLOR
5.50
0.75
5.70
Neutral
Sell
-124
0.77
HENDERSON GROUP
HELPHIRE GROUP
197.10
109.10
197.10
Sell
Strong Buy
793
1.44
ICAP
365.00
280.80
422.20
Neutral
Strong Buy
822
0.94
INTERMEDIATE CAPITAL GP.
456.90
287.20
501.50
Neutral
Strong Buy
2253
1.77
INVESTEC
420.20
358.40
513.50
Neutral
Strong Buy
2605
1.54
1577.00
930.00
1652.00
Neutral
Strong Buy
6862
1.32
78.75
71.80
134.40
Neutral
Sell
-4791
1.23
LONDON STOCK EX.GROUP

MAN GROUP
RATHBONE BROTHERS
1520.00
1208.00
1691.00
Neutral
Strong Buy
5417
0.83
SCHRODERS
2644.00
1518.00
2644.00
Neutral
Strong Buy
8084
1.42
SCHRODERS NV
2209.00
1193.00
2209.00
Sell
Strong Buy
11250
1.38
17
14 October 2013
+44 (0)1189 333606
Page 13 of
Under Valued
Support Services
Stock
Price
12M Lo
12M Hi
ST Rec
LT Rec
ACAL
285.00
157.75
285.00
Neutral
Strong Buy
607
0.79
AGGREKO
1477.00
1442.00
2302.00
Neutral
Strong Buy
3178
1.04
AMEC
1085.00
965.50
1127.00
Neutral
Strong Buy
3187
0.98
630.50
342.60
730.00
Neutral
Buy
942
1.69
1177.00
940.00
1218.00
Neutral
Strong Buy
2494
0.40
647.00
372.50
647.00
Sell
Strong Buy
2254
0.84
1334.00
1009.00
1409.00
Neutral
Strong Buy
2666
0.49
599.00
265.00
645.00
Neutral
Strong Buy
1571
0.47
1005.00
713.00
1057.00
Neutral
Strong Buy
1820
0.57
59.00
34.54
68.00
Neutral
Strong Buy
421
0.79
0.78
ASHTEAD GROUP
BABCOCK INTL.
BRITISH POLYTHENE INDS.
BUNZL
UK MAIL GROUP
CAPITA
COMMUNISIS
Target
Beta
COMPASS GROUP
855.00
671.50
910.50
Neutral
Strong Buy
1909
BERENDSEN
912.00
563.00
939.00
Neutral
Strong Buy
3250
1.02
DE LA RUE
946.00
891.50
1075.00
Neutral
Strong Buy
2246
#NA
0.21
DIGNITY
1400.00
922.31
1567.68
Neutral
Buy
1677
DIPLOMA
615.00
435.00
661.00
Neutral
Strong Buy
1285
1.00
ELECTROCOMP.
272.90
203.90
282.50
Neutral
Strong Buy
853
1.03
ESSENTRA PLC
725.50
510.00
830.00
Neutral
Strong Buy
1229
1.13
G4S
243.00
207.50
313.50
Neutral
Strong Buy
884
0.42
HAYS
121.60
76.70
121.60
Neutral
Strong Buy
386
0.99
HOMESERVE
252.70
185.60
293.60
Neutral
Strong Buy
898
0.93
INTERSERVE
586.00
349.10
591.50
Sell
Strong Buy
3013
1.15
3270.00
2773.00
3453.00
Neutral
Buy
4299
0.74
51.75
33.63
51.75
Neutral
Strong Buy
225
1.03
0.61
INTERTEK GROUP
JOHNSON SERVICE GROUP
MANAGEMENT CNSL.GP.
26.50
21.25
32.00
Neutral
Strong Buy
180
MENZIES (JOHN)
804.00
573.00
809.00
Neutral
Strong Buy
1973
1.37
MICHAEL PAGE INTL.
494.50
346.40
502.50
Neutral
Strong Buy
776
1.19
MITIE GROUP
290.90
248.00
300.80
Neutral
Strong Buy
994
0.50
39.25
33.75
132.50
Neutral
Strong Buy
631
0.28
1044.00
750.00
1185.00
Neutral
Strong Buy
1791
0.72
PREMIER FARNELL
211.70
165.50
238.40
Neutral
Strong Buy
537
1.40
OFFICE2OFFICE
PAYPOINT
REGUS
192.70
96.00
195.70
Neutral
Sell
69
1.46
RENTOKIL INITIAL
109.90
85.00
111.30
Neutral
Strong Buy
436
1.31
REXAM
478.00
432.56
547.50
Neutral
Strong Buy
1734
0.90
RICARDO
585.00
349.63
585.00
Neutral
Strong Buy
1565
1.04
ROBERT WALTERS
325.00
191.00
335.00
Neutral
Strong Buy
918
1.11
RPC GROUP
453.90
378.00
477.80
Neutral
Strong Buy
1571
0.72
RPS GROUP
268.70
195.50
274.60
Neutral
Strong Buy
877
1.49
SERCO GROUP
542.00
522.50
683.50
Neutral
Strong Buy
2163
0.52
SHANKS GROUP
94.75
73.00
98.00
Neutral
Strong Buy
349
1.55
66.00
30.00
66.25
Neutral
Strong Buy
323
1.17
181.25
92.25
206.50
Neutral
Strong Buy
513
0.64
67.63
40.50
70.75
Neutral
Strong Buy
311
0.81
VP
498.50
313.00
499.50
Neutral
Strong Buy
2193
0.65
WYG
105.50
51.00
110.00
Neutral
Strong Buy
188
0.78
SPEEDY HIRE
TRIBAL GROUP
TRIFAST
17
14 October 2013
+44 (0)1189 333606
Page 14 of
Over Valued
Telecommunication Services
Stock
BT GROUP
CABLE & WIRELESS COMMS.
INMARSAT
KCOM GROUP
TELECOM PLUS
VODAFONE GROUP
Price
12M Lo
12M Hi
ST Rec
LT Rec
348.10
212.50
350.90
Neutral
Buy
Target
436
0.92
40.82
34.31
46.29
Neutral
Strong Buy
81
0.66
702.00
542.50
749.00
Neutral
Sell
258
0.52
92.25
68.25
92.25
Neutral
Buy
123
0.97
1396.00
830.00
1403.00
Neutral
Sell
837
0.05
219.80
154.45
222.00
Neutral
Sell
129
0.46
Over Valued
Transport
Stock
Beta
Price
12M Lo
12M Hi
ST Rec
LT Rec
BBA AVIATION
308.70
195.70
326.00
Neutral
Sell
223
1.17
BRAEMAR SHIPPING SVS.
505.00
350.00
520.00
Neutral
Buy
561
0.91
CLARKSON
2343.00
1150.00
2350.00
Sell
Sell
1266
0.77
EASYJET
1272.00
597.50
1448.00
Neutral
Sell
849
0.78
FIRST GROUP
Target
Beta
120.70
92.00
182.47
Neutral
Strong Buy
267
0.85
FISHER(JAMES)& SONS
1100.00
750.00
1148.00
Neutral
Sell
797
0.69
GO-AHEAD GROUP
1673.00
1220.00
1697.00
Neutral
Strong Buy
2881
0.94
NATIONAL EXPRESS
255.50
164.50
274.90
Neutral
Neutral
244
1.33
NORTHGATE
442.25
247.75
442.25
Neutral
Sell
350
1.22
STAGECOACH GROUP
333.70
265.90
337.60
Neutral
Buy
461
0.87
WINCANTON
108.00
43.75
108.00
Neutral
Strong Buy
275
0.83
Under Valued
Utilities
Stock
Price
12M Lo
12M Hi
ST Rec
LT Rec
CENTRICA
363.30
310.80
402.20
Neutral
Strong Buy
564
0.51
NATIONAL GRID
748.00
682.00
847.50
Neutral
Buy
966
0.49
PENNON GROUP
693.50
598.00
734.50
Neutral
Sell
615
0.66
SSE
1451.00
1364.00
1676.00
Neutral
Strong Buy
2239
0.44
SEVERN TRENT
1786.00
1513.00
2090.00
Neutral
Sell
1486
0.39
700.00
647.00
787.50
Neutral
Neutral
748
0.51
UNITED UTILITIES GROUP
17
Target
Beta
14 October 2013
+44 (0)1189 333606
Page 15 of
DISCLAIMER
Intellisys Intelligent Analysis Limited has prepared this report. Intellisys is the trading name of Intellisys
Intelligent Analysis Limited.
Intellisys 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 Intellisys 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.
Intellisys 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 Intellisys 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 Intellisys 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 Intellisys Intelligent Analysis Limited and/or Intellisys information may be prohibited.
Persons in respect of whom such prohibitions apply must not access the Intellisys 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 Intellisys 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 Intellisys reports 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.
Intellisys believes that the information within each and any of its reports to be correct, but its accuracy or
completeness cannot be guaranteed. No representation or warranty, expressed or implied, is given by any
person as to the accuracy or completeness of the information and no responsibility or liability is accepted for
the accuracy or sufficiency of any of the information, for any errors, omissions or mis-statements, negligent
or otherwise.
Intellisys (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.
17
14 October 2013
+44 (0)1189 333606
Page 16 of
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.
Intellisys 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
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 must 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.
17
14 October 2013
+44 (0)1189 333606
Page 17 of

Value Indicator - Uk Main Market 20131014

Загружено:

Сведения о документе

Оригинальное название

Авторское право

Доступные форматы

Поделиться этим документом

Поделиться или встроить документ

Параметры публикации

Этот документ был вам полезен?

Это неприемлемый материал?

Авторское право:

Доступные форматы

Value Indicator - Uk Main Market 20131014

Загружено:

Авторское право:

Доступные форматы

Powered by

Over Valued ..................................................7

Construction Home Construction

Intellisys Intelligent Analysis Limited

Intellisys Intelligent Analysis Limited

RISK WARNING Ratings and Targets

Intellisys Intelligent Analysis Limited

How to use the report

Longer term action based

Implied target price

Latest 12 month Hi/Lo for

eta measures a shares

Intellisys Intelligent Analysis Limited

Aerospace & Defence

ULTRA ELECTRONICS HDG.

Automobiles & Parts

HSBC HDG. (ORD $0.50)

LLOYDS BANKING GROUP

ROYAL BANK OF SCTL.GP.

Intellisys Intelligent Analysis Limited

Construction - Building Materials & Fittings

Construction - Heavy Construction

MORGAN SINDALL GROUP

NORTH MIDLAND CON.

Construction Home Construction

BERKELEY GROUP HDG.(THE)

BOVIS HOMES GROUP

CREST NICHOLSON HOLDINGS

GLEESON (MJ) GROUP

Intellisys Intelligent Analysis Limited

Electronics & Electrical Equipment

DOMINO PRINTING SCIENCES

Engineering & Machinery

AGA RANGEMASTER GROUP

HILL & SMITH

Food & Drug Stores

Food Producers & Processors

TATE & LYLE

Intellisys Intelligent Analysis Limited

BROWN (N) GROUP

MARKS & SPENCER GROUP

MOSS BROTHERS GROUP

SMITH & NEPHEW

Household Goods & Textiles

Information Technology & Hardware

Intellisys Intelligent Analysis Limited

JARDINE LLOYD THOMPSON

RSA INSURANCE GROUP

Leisure & Hotels

FULLER SMITH 'A'

MILLENNIUM & CPTH.HTLS.

MITCHELLS & BUTLERS

BWIN PARTY DIGITAL ENTM.

LEGAL & GENERAL

Intellisys Intelligent Analysis Limited

Media & Entertainment

BRITISH SKY BCAST.GROUP

Oil & Gas

ROYAL DUTCH SHELL B

WOOD GROUP (JOHN)

Intellisys Intelligent Analysis Limited

Personal Care & Household Products

ARK THERAPEUTICS GP.