Risk Warning

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Prime Markets in the Press - Tate & Lyle (TATE)

05/11/2010

Is Your portfolio giving you sleepless nights? That recent buy recommendation turned into a nightmare? Then now could be the time to invest in Tempur-Pedic.
This US-based company is a world leader in bedding products, from mattresses (made from Tempur, the NASA-developed material) and pillows through to slippers and sleep systems.

During the economic downturn, Tempur-Pedic's excellent management team pared back costs and implemented manufacturing efficiencies. As a result, we expect to see a substantial upside in earnings as the economy recovers and consumers once again purchase relatively high cost, low volume items.

Further, as the West was plunged into recession, a number of Tempur-Pedic's rival groups fell by the wayside, leaving the way clear for the group to gain further market share.

In the near term, sales are likely to be driven by its new product range – the Tempur-Cloud. These mattresses promise a luxurious and restful night's sleep, whilst also ensuring therapeutic back and neck support.

• Investment markets and conditions can change rapidly and as such the views expressed should not be taken as statements of fact nor should reliance be placed on these views when making investment decisions. Past performance is not a guide to the future.

Tempur-Pedic
$35.81 +$0.46
Scotsman says BUY

BROKER SNAPS:

Tate & Lyle
524.5p +34.3p
Broker says BUY

Richard Curr of Prime Markets was sweet on the sugar maker's "significant" upswing in profits and sales for the half year. Tate & Lyle's new sucralose (Splenda) factory in Singapore also improved margins. Curr said although shares are pushing year highs he figures there is still value to be found.


Pace
204p +0.9p
Broker says BUY

Jonathan Imlah at Collins Stewart rates the Yorkshire-based TV set-top box maker's acquisition of Belfast-based pay-TV software business, Latens Systems, for £18.75m with a further £10m deferred until 2012. He said Pace was "well positioned" to benefit from an expected increase in set-top box volumes.

The Scotsman

Securities and Derivatives markets may be subject to rapid and unexpected price movements and past performance is not necessarily a guide to future performance. Trading in these markets is generally considered to be suitable only for the more experienced investor as it carries a high degree of risk. An investor may not receive back the amount of their original investment and in certain circumstances may be liable for a sum that is greater than their original investment. If in any doubt, please seek independent financial advice.