...and the rest

The Daily Telegraph

Online estate agent

Purplebricks’ half-year results, due last week, were delayed owing to a potentially expensive mishap: its lettings arm apparently failed to notify tenants that their deposit had been put into a national protection scheme. The upshot is that they will now be able to claim up to three times the value of their initial deposit. This will cost the group between £2m and £9m. Its first-half trading update also included a profit warning. Avoid (24p).

The Mail on Sunday

Potash miner Emmerson’s mine in Morocco will be “less costly... complex and... ambitious” than rival Sirius Minerals’s, making it the safer choice. Work is under way and operations should be up and running by 2024,

“swiftly ramping up to annual production” of more than 700,000 tonnes of potassiumrich salt, for which there is a huge need in Morocco. Prices have risen sharply amid high global demand. Adventurous investors should buy before the stock takes off (6p).

Investors’ Chronicle

Retail group Frasers produced “robust revenue and profit growth” for the half year to October. Its top line could struggle should stricter restrictions return, but its online presence is growing, while its prospects and brands are strong. Buy (736p).

Shares

Somero Enterprises makes concrete flooring equipment, necessary for the “acres of automation-laden warehouse space” needed as companies “embrace digital commerce”. The stock is up by 65% this year and analysts think it could climb by a further 50% over the next 12 months. The firm’s forecasts for sales and profits have also risen. Buy (522p).