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Redmayne-Bentley’s Top Trades

27 July 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.

Carillion (CLLN)

Index: FTSE 250

Sector: Support Services

Market capitalisation: £255.79m

Shares in Carillion fell heavily following its trading statement where it warned on profits, suspended its 2017 dividend and announced the departure of the chief executive. The warning and contract provisions mean that borrowings will be higher than forecast and some analysts believe that they will have to raise money. The group has since announced that joint ventures it is involved in have won contracts valued at over £1.5bn, including the high-profile HS2 highspeed line. These negative and positive updates have split investors, with significant buying and selling.

 

Babcock Int. Group (BAB)
Index: FTSE 100

Sector: Support Services

Market capitalisation: £4,297.57m

Babcock International Group recently issued a reassuring trading update for the period from 1st April 2017. It said that the current year had started well and its expectations for the full financial year remain unchanged. Revenue visibility for the year is now at 82 per cent and the order book is stable at £19bn. This, plus contract wins and a bid pipeline of opportunities at £10.5bn, gives the group confidence for growth both this year and over the medium term. The update has been well received by investors with an increase in buying interest.

 

UK Oil & Gas Investments (UKOG)
Index: FTSE AIM All-Share Index

Sector: Technology Hardware & Equipment

Market capitalisation: £225.07m

Results for the six months to the end of March from UK Oil & Gas Investments showed a marginally reduced loss of £1.06m compared to the same period in 2016, due to a timing variance in operational activity. Since the half-year end, the group has “entered a period of heightened exploration and testing in our operational strategy”. To facilitate this advance towards the group monetising its portfolio of assets, it has raised £6.5m from its shareholders through a placing. The directors expect to announce a number of positive developments in the next 12 months.

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.

 

Contact:
Ruth Peterson
PR Executive
Email: ruth.peterson@redmayne.co.uk
Tel: 0113 200 6476

Branch: Leeds (Head Office)

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