Share Prices & Company Research

Press Release

23 September 2016

Redmayne-Bentley's Top Trades

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.
 
Galliford Try (GFRD)
Index: FTSE 250
Sector: Construction and Materials
Market Capitalisation: £1,088m
 
Shares in construction and homebuilding group Galliford Try were in favour with investors last week following a strong set of final results. Pre-tax profit rose by 18 per cent to £135m for the year to the end of June, as revenue climbed from £2.39bn to £2.5bn. This enabled the group to hike its full-year dividend by 21 per cent to 82p per share. The group said that, despite the uncertainty caused by the EU referendum, trading has remained positive, helped by “the substantial infrastructure maintenance and improvement required in the UK”.
 
Morrisons (MRW)
Index: FTSE 100
Sector: Food & Drug Retailers
Market Capitalisation: £5,086m
 
Investors were cheered last week by an encouraging set of first-half results from Morrisons. For the 26 weeks to the end of July, the group recorded like-for-like sales growth of 1.4 per cent, and an increase in pre-tax profit from £126m to £143m. Although revenue dipped slightly as a result of the closure of some underperforming stores, profit was boosted by a decrease in administrative expenses. Consequently, the group increased its interim dividend from 1.5p to 1.58p per share. However, some investors looked to capitalise on the stock’s recent good run and sold the shares.
 
Sepura (SEPU)
Index: FTSE SmallCap
Sector: Technology Hardware & Equipment
Market Capitalisation: £63.8m
 
Sepura designs, develops and supplies digital radio solutions. In a trading statement this month the group warned that full-year revenue would be hit by delays in a number of its key markets. This resulted in the group experiencing liquidity issues, although it said it is able to meet its cash forecast needs. The group lowered its expectations for earnings before interest, tax, depreciation and amortisation (EBITDA) by 60 per cent. However, some investors were buying the stock, with Liberum analysts speculating that the group could be the target of a takeover.
 
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. There is an extra risk of losing money in AIM shares. 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.
Redmayne-Bentley's Top Trades
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