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Redmayne-Bentley’s Top Trades

24 August 2017

Below we take a look at the most frequently traded shares through Redmayne-Bentley over the last couple of weeks and consider why they have been so popular.

Aldermore (ALD)

Index: FTSE 250

Sector: Banks

Market capitalisation: £779.17m

Investors seemed to expect more from challenger bank Aldermore when it published its half-year 2017 results earlier this month, in which it reported a 17 per cent rise in operating income to £150m. Aldermore achieved 8 per cent loans growth in the period to £8.1bn and boasted of a healthy pipeline worth £0.8bn. Chief executive officer Phillip Monks OBE praised the group’s performance, but did sound a cautionary note, warning that there were risks posed “by the economic uncertainty facing the UK”.

 

Clipper Logistics (CLG)
Index: FTSE All-Share

Sector: Industrial Transportation

Market capitalisation: £407.59m

Clipper Logistics has been in favour with investors recently, rising to an all-time high of 445.25p in June. At the end of last month the group reported a 17.2 per cent increase in revenue to £290.3m for the year to the end of April 2017. This resulted in a 20.6 per cent increase in pre-tax profit to £12.5m, which enabled the group to hike its dividend by 20 per cent to 7.2p per share. The group also confirmed the acquisitions of Tesam Distribution Limited and RepairTech Limited, which will be immediately earnings-enhancing.

 

Hikma Pharmaceuticals (HIK)
Index: FTSE 250

Sector: Pharmaceuticals & Biotechnology

Market capitalisation: £2,984.11m

Hikma Pharmaceuticals fell out of favour with investors last week, following its half-year report in which it lowered full-year revenue guidance for its Generics business. As a result, the group now expects revenue to be around US$2bn in constant currency. Chairman and Chief Executive Officer Said Darwazah said the group had performed well despite “an increasingly challenging environment” and would now “invest in our pipeline and enhance the efficiency of our operations, to ensure we remain well positioned for future growth.”

Top Trades is published every fortnight in Equity Insight, a newsletter written by our stockbrokers and investment managers. It provides fresh market commentary, a focus on individual sectors, technical analysis, potential trading opportunities and share reviews. Register now for your complimentary issue.

 

Please note that investments and income arising from them can fall as well as rise in value and you may lose some or all of the amount you have invested. Past performance and forecasts are not a reliable indicator of future results or performance. Please note that this communication is for information only and does not constitute a recommendation to buy or sell the shares of the companies mentioned.

Author: Ruth Peterson

Contact Us: For all press and media enquiries, the first point of contact is media@redmayne.co.uk or by calling 0800 195 2579. Alternatively request call back.

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