…and some to hold, avoid or sell

Energean Oil & Gas

The Times

Energean is a “transition” energy player, focused on exploring and producing gas. The purchase of Italy’s Edison portfolio demonstrates its “eye for smart and cost-effective acquisitions”. Hold. 952p.

Evraz

Investors Chronicle

Poor first-half results (due to declining Russian and US demand) and a huge stock sell-off by three directors have sparked a collapse in the steelmaker’s shares. The forward yield is 17.9%, but there’s no catalyst for recovery. Sell. 379p.

Hostelworld Group

The Times

This online booking platform, focused on hostels, has lost market share, thanks to years of underinvestment. There’s a sensible recovery plan, but it will take time. Meanwhile shares yield 9.3%. Hold. 110p.

M.P. Evans Group

Investors Chronicle

The trend for sustainable food sources will not help palm oil production – renowned for its poor environmental impact – in the long term. The price of palm oil in the short term is volatile, and it is easily replaced by other oils.

Sell. 624p.

Royal Mail

Shares

Royal Mail shares are up 14% since June, thanks to productivity improvements. But a threatened strike over the Black Friday weekend in November will disrupt business and damage credibility. Take profits. Sell. 226p.

Tesla

The Times

Thanks to tight cost controls and improved efficiencies, the loss-making car maker has unexpectedly turned a profit in the third quarter, boosting shares. But more evidence is needed: Tesla has a “patchy” record. Hold. $297.23.