TARA Not TINA

Headlines this week said TARA “There Are Reasonable Alternatives” not TINA “There Is No Alternative,” pertaining to the death of equities, and top stock picks this week are a mix of Buy, Avoid and Underperform. This week 250 stock picks were placed on Stockomendation this week with 78% BUYs, 15% SELLs and 7% HOLDs.

1. BUY Premier Miton

Top interesting stock pick this week was BUY Premier Miton Group by Richard Evans in The Telegraph - Questor with a tip performance of 13%.

This London fund manager charges clients a percentage of funds it manages so it’s not easy to see at first why it’s a buy given the state of the economy, investing and companies – in particular smaller companies where Premier Miton focuses.

It listed at 135p in 2016 and landed at 116p where it sits today, not without its ups and downs. We can’t ignore that it’s share price has fallen by 50%.

Motley Fool lists it as a stock to buy and general consensus is that it’s undervalued now due to the current macro picture.

We can only hope the economy recovers in 2024 which the only way this stock pick will come to fruition.

2. BUY Shanta Gold

Another mixed bag for the second most interesting stock pick this week being BUY Shanta Gold by Russ Mould in The Telegraph - Questor with a tip performance of 8%. The East Africa gold producer whose flagship assets are New Luika & Singuida Gold Projects has suffered mixed fortunes since listing at 27p in 2005 and sits at 9p today.

Underlying losses increased and shares took a plunge in November and Russ makes no bones about the historical failure of the column to predict the future properity of mining stocks accurately or even correctly, and he says his BUY sentiment is a reflection shared by MoneyWeek which says if gold rises in 2023 then Shanta will rise with it. Shanta also gets a mention in Simply Wall Street amongst others which says it might go ahead amidst a strange statement about the share price climbing 95% in 5 years which doesn’t take into account the rock bottom starting price of 3.25p which I’m sure at the time gave everyone involved a case of the jitters.

This stock is getting attention from those which matter and as long as we remember miners are the riskiest way to invest money in gold, investors may see the fruit of their work as early as 2023.

3. BUY Wise Class A

Third interesting top stock pick this week is a BUY Wise Class A by Goldman Sachs with a tip performance of 7%.

Goldman Sachs has placed and held a target price of around 1000p and a BUY rating on this Estonian international money transfer bank since back in January 2022.

It listed at 965p in 2021 and hit an all-time low of 311p in July 2022 since which it’s recovered to 614p where it is today.

The international money transfer market is expected to grow exponentially. The next best competitor which some say is Revolut is rumoured to have a long way to go to be classed as a true competitor considering feature availability and technology sophistication. However, when Wise listed it was pretty much the only company doing what it did. Now, Barclays, Credit Suisse and Morgan Stanley rate it as a HOLD and Citigroup say SELL, perhaps reflecting a drop in margin with the onset of increased competition.

Barclays says it’s overpriced but revenues grew £217m this year and for a company worth £6.1bn – well – add Wise to your Stockomendation watchlist to find out if Goldman are right.

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Disclaimer: The contents of this article should not be considered financial advice. Pricing data correct as at 12th January 2023.