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Redmayne-Bentley’s Top Trades

19 October 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.

easyHotel plc (EZH)

Index: FTSE AIM All-Share

Sector: Travel & Leisure

Market Capitalisation: £120.10m

The owner, developer and operator of “super budget” hotels easyHotel plc has found favour with investors following its recent trading update for the year ended 30th September 2017. They reported performance which was marginally ahead of the board’s expectations, with the successful implementation of new booking and yield management systems. These systems have enabled positive trading momentum and facilitated the efficient scaling of the business. Chief executive Guy Parsons commented: “It has been a year of accelerated growth for the Group”.

 

Centrica plc (CNA)

Index: FTSE 100

Sector: Gas, Water & Multiutilities

Market Capitalisation: £9,658.03m

The shares of energy supplier Centrica plc have come under selling pressure amid news of an upcoming cap on energy prices. The government has released draft legislation which stands to give Ofgem, the energy regulator, the ability to cap standard variable tariffs. The legislation is set to run until

2020, with the option of an extension to 2023. The Department for Business, Energy and Industrial Strategy has put forward an “absolute cap” which would be set by Ofgem as opposed to a “relative” cap which would depend on the range of tariffs available.

 

Mondi plc (MNDI)

Index: FTSE 100

Sector: Forestry & Paper

Market Capitalisation: £6,995.94m

Mondi plc the manufacturer of packaging and business paper, has fallen out of favour with investors after warning that full-year profits will be below expectations due to cost pressures and the negative impact of currency movements. Following the announcement on Wednesday 11th October, the shares fell 6.6 per cent, their largest decline since December 2015. However, the third-quarter trading update also reported increased like-for-like sales volumes due to strong growth in containerboard and fibre packaging.

 

Top Trades is published every fortnight in Equity Insight, a newsletter written by our stockbrokers and investment managers. It provides free 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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