By Staff Writer | Monday 7 July 2014
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
Alkane Energy (ALK), the UK gas to power producer, has released a pre-close trading update for the six month period to 30 June 2014. Analyst Edward Hugo at house broker VSA has reiterated his buy stance on the stock at 42.5p in the wake of the news and argues that the shares are worth 54p. He writes:
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