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Charter (CHTR) 793.5

After enjoying a strong run for much of 2007 the stock fell off a cliff towards the end of last year and has only recently begun to recover some ground. Results for the year, due out today (Thursday 13 March), could add pace to that recovery. Attention will be focused on the outlook statement, anticipated to be relatively bullish, and the company’s cash position. Numis analyst Nick Webster says: ‘Estimated net cash of £150 million gives scope for further upside risk to estimates both organically or through acquisition.’ Buy now as the company’s growth prospects become apparent.

ACTION: BUY Charter • Target 952.2p • Stop Loss 730p

TIME TARGET: 4 WEEKS