…and some to hold, avoid or sell

Dairy Crest Group The Times

Shares in the cheese and spreads-maker are “ridiculously cheap”. But debt and the rising price of milk are worrying. Given only modest growth, shares remain prone to “stubborn downward pressure”. Avoid. 466.8p.

Finsbury Food Group The Mail on Sunday

This cake and bread-maker has been hit by soaring costs – butter went up from £2,000 per ton to £6,000 last year. Still, new growth areas include a partnership with Mary Berry and gluten-free products. Hold. 122p.

Kingfisher Investors Chronicle

The home improvements company has missed profit expectations, and France remains a difficult market. The balance sheet is in a good state, but the turnaround strategy has a long way to go. Hold. 255.4p.

Smart Metering Systems The Times

SMS, which fits and maintains gas and electricity smart meters, is “right in the thick of a massive market opportunity”. But the roll-out has been beset by problems and shares are expensive. Avoid. 639p. Shares in the ten-pin bowling operator, which listed last year, trade at a discount to their history. Family leisure is a competitive sector and the prolonged good weather hit sales, stalling momentum. Hold. 250p.

Wetherspoon Investors Chronicle

Wetherspoon opened six new pubs last year and closed 13, leaving it with a total of 883. Capex on refurbishments has increased, but bar, food, slot machine and hotel room revenues are all up. Hold. £13.17.