FinnCap this morning urged a “sell” at business telecoms group Daisy Group (LON:DAY) on the back of its £3.6m acquisition of Fone Logistics Ltd. The firm pointed out that Daisy remained on “an unchallenging multiple for low risk sector peers with a yield, yet represents high risk given its integration challenges”. However, FinnCap analysts recommended a “buy” at BTG (LON:BGC), the drugs group that last month posted “estimate-busting” financials. Despite forecasts of a return to a small loss this year, the FinnCap predicts that by regaining marketing rights to its CroFab and DigiFab treatments in the US, the impact on revenues in the year to March 2012 should be noticeable.

Software group Intercede Group (LON:IGP) came under scrutiny from Astaire Securities, which said that slower revenue growth last year should be offset by an improved business spread from now on. Of concern is Intercede’s reliance on government contracts, particularly in ID security, and the possible impact of growing pressure on public sector spending. Elsewhere, Astaire noted that the latest figures from gift voucher business Park Group (LON:PKG) gave nothing away about current trading because of the heavily Christmas-focused revenue model. Nevertheless, it pointed out that Park was sensitive to interest rates due to the amount of cash generated from its significant cash balances held through the year. The Bank of England today kept UK interest rates on hold at a record low of 0.5% for the 15th month in a row.

Elsewhere, Bill McNamara at Charles Stanley said yesterday’s 4.4% rise at mining giant Kazakhmys (LON:KAZ) was not sufficient to inspire solid confidence in a longer term rally in the company’s shares, claiming “further upside is going to be necessary before it looks right to get involved.” Turning to BP (LON:BP.) , McNamara said the increasing politicization of the Gulf of Mexico oil spill could turn out very badly for the troubled oil giant. He added that BP’s 13-year low of 356p (reached in January 2003 at the nadir of the bear market) could be tested “before this mess is over”.

Finally, Evolution Securities initiated coverage on Petropavlovsk (LON:POG) with a “buy” recommendation and 1600p target, claiming company represents a “significantly undervalued opportunity” to gain exposure to the gold and iron ore…

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