…and some to hold, avoid or sell

Antofagasta

The Times

A favourable arbitration ruling on a mine in Pakistan could mean a $3bn windfall for the copper miner. Even if that falls through, incremental growth in Antofagasta’s Chilean mines offers a “low risk way” to bet on copper. Hold. 934p.

Burberry

The Times

Riccardo Tisci’s arrival as chief designer has coincided with a 4% increase in like-for-like sales this quarter. But the boost could also be due to discounting of old ranges rather than the “Tisci effect”. Hold. £23.45.

BAE Systems

Investors Chronicle

The “moral risk” surrounding the aerospace and defence giant has intensified due to its relationship with Saudi Arabia. “Underwhelming” cash generation, operational issues and tough US competition don’t help. Sell. 504.6p.

Ryanair

Investors Chronicle

The delayed delivery of Boeing 737 Max jets has hit Ryanair’s aircraft schedule, with implications for next year’s figures. Projected growth for summer 2020 is down from 7% to 3%; profits are expected to drop to £948m. Sell. s10.51.

Venture Life

The Mail on Sunday

Shares in the Dentyl mouthwash-maker have “disappointed in recent years” but should get a boost from an “upbeat” statement. The company has cash in the bank and sells to 40 countries. One for the patient. Hold. 49p.

Victoria

Investors Chronicle

Erratic profits and soaring debt are at odds with the positive picture painted by the flooring manufacturer. Challenges include a tough Australian market and the shadow cast by Brexit. More clarity is needed. Sell. 500p.