Sunday share tips: Sirius Minerals, Weir Group
(ShareCast News) - Sirius Minerals's development in the Yorkshire Moors continues apace and offers investors potentially huge rewards, The Mail on Sunday's Midas column says.
The 200-square mile polyhalite mining project is no less than one of most ambitious industrial projects undertaken in the UK in decades, the tipster believes.
A successful project would mean hundres of millions of pounds for shareholders.
The companty has already secured full planning permission and raised £940.0m to finance construction and determined how much of the multi-nutrient fertiliser can be had from just a small piece of the overall site.
Admittedly, it is not an investment for the faint of heart and construction brings its own risks with it, Midas says.
Yet "for those who are prepared to take a risk, Sirius provides an opportunity to be part of one of the most ambitious industrial projects to come out of the UK in decades. An adventurous, long-term buy."
Weir Group's fortunes have rebounded with the recovery in the US shale oil industry, with increased rig numbers boosting demand for its pumps and other equipment, and better times still lie ahead, says The Sunday Times's Inside the City column.
Shares in the Glasgow-based enginner have bounced back over the past year, with the share price more than doubling in the meantime.
Yet it is still operating at about only half of its capacity and the price of its wares has yet to pick-up, although that will surely come as rig counts continue to rise.
The drop in sterling also affords a possible entrypoint for would be acquirers, including the likes of GE and Halliburton.
Buy, says the The Sunday Times's John Collingridge.