UK: Good as gold - hot investment tips for 1991. (8 of 10)

UK: Good as gold - hot investment tips for 1991. (8 of 10) -

by
Last Updated: 31 Aug 2010

Geared to survive

Top 10 companies (worth over £100m) with the highest interest

cover AND gearing of less than 50% (excluding finance groups)

Company Interest cover Gearing (%)

Asprey 1,838 Nil

Nurdin and Peacock 1,508 0.8

Anglia Television 1,476 Nil

Racal Telecom 347 1.3

St Ives Group 312 3.9

Christies International 240 20.0

Highland Distilleries 195 0.06

Tilbury Group 182 2.9

TV-am 127 3.2

Rechem Environmental Services 120 3.0

Source: Datastream.

All cashed up

Top 10 companies with the highest net cash holdings

(excluding finance groups)

Company Net cash Market capitalisation

(£ million) (£ million)

Hanson 4,165 9,127

British Aerospace 2,135 1,396

RTZ Corporation 1,310 4,311

Glaxo Holdings 1,190 11,690

Associated British Foods 1,090 1,816

British Steel 770 2,250

Cable and Wireless 745 4,348

Enterprise Oil 730 2,902

Rothmans International 640 2,098

BAT Industries 510 8,472

Source: Datastream.

Assets at a bargain

The top companies with the largest net tangible assets per share

for their share price (at November 20) AND with under 50% gearing

(excluding finance and property groups)

Company NTA per share divided Gearing

by share price (%)

Northumbrian Water 3.0 4

Stakis 2.2 38

British Steel 1.9 8

VSEL Consortium 1.8 45

Greenall Whitley 1.8 26

Boddington Group 1.75 11

Severn Trent 1.65 3

Welsh Water 1.65 6

South West Water 1.65 1

Barratt Developments 1.5 13

Southern Water 1.4 1.7

North West Water 1.4 1.7

Vaux Group 1.4 24

Source: Datastream.

Good dividend payers

The top 10 companies (worth over £100m) paying the highest dividends

up to a 10% ceiling AND with a dividend cover of at least two times

Company Dividend yield (%) Dividend cover

BET 9.8 2.0

Evered 9.6 2.3

Burton Group 9.5 2.5

APV 9.2 2.3

Pilkington 9.2 2.0

T and N 8.9 2.0

Hickson International 8.8 2.7

Sturge Holdings 8.8 2.5

GKN 8.7 2.2

Tilbury Group 8.6 2.5

Source: Datastream.

Find this article useful?

Get more great articles like this in your inbox every lunchtime