Sunday tips round-up: ENRC, Vodafone, Asian Plantation

Mining shares gained on Friday - breaking a seven-day losing streak. If investors have learned just one thing from events of the last 10 years, then it should be that it's a very good strategy to buy miners on the dips. That's what you should do with Eurasian Natural Resource (ENRC).

The shares are trading on a December 2010 earnings multiple of 10.4, falling to 8.3 in 2011. The stance on the shares remains buy, says the Telegraph.

Mobile phone giant and cash cow Vodafone tables its third-quarter update on Thursday. With the shares being at the bottom of a trading range they have been in since August, the shares are a buy, says the Telegraph. There are two main reasons to hold shares in the company.

Firstly, the company throws off a significant amount of cash and the shares are trading with a chunky yield of 6.3pc for the year to March 2011. This is well worth having. The second reason to own the shares is the prospect of the company disposing some of its stakes, which could trigger an extra distribution of cash to shareholders.

Asian Plantation is a young company and, as such, there are risks attached. The business may well try to raise more money from shareholders and there may be moments when the market takes against the stock because the price of palm oil dips, for example.

On the plus side, the firm is well run and is involved in the production of a crop for which demand continues to increase as global populations grow. China and India are two of the biggest consumers of palm oil and, as they become richer, their desire for processed foods that use the oil will only increase. Asian Plantations shares are 841/2p. Over three years they should prove a rewarding investment. Buy, says the Daily Mail.

The Daily Mail recommended Velti in July when the shares were 157p. Today they are 2891/2p so they have increased nearly 85 per cent in less than six months. At these levels, investors should sell 30 to 50 per cent of their shares to book a tidy profit. But hold on to the rest as this company is going places.

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