Share Prices & Company Research


06 April 2017

Redmayne-Bentley’s Top Trades

Ashtead (AHT)
Index: FTSE 100
Sector: Support Services
Market capitalisation: £8,465.94m
Last month, equipment leasing firm Ashtead climbed to an all-time high of 1751p, providing an opportunity that some investors took to sell shares in the group. For the 9 months to the end of January 2017, the group recorded a 13 per cent rise in rental revenue, leading to a 9 per cent increase in underlying pre-tax profit to £604.6m. Looking ahead, the group’s chief executive Geoff Drabble said: “…we expect full-year results to be in line with our expectations and the Board continues to look to the medium term with confidence.”
Ladbrokes Coral Group (LCL)
Index: FTSE 250
Sector: Travel & Leisure
Market capitalisation: £ 2,492.53m
Ladbrokes and Coral entered into a merger in November and have made “a very successful start” as a combined entity, according to the group’s chief executive officer Jim Mullen. Ladbrokes Coral reported an 11 per cent increase in proforma group revenue to £2.35bn in 2016, driven by strong growth in Digital and European Retail. This led to a proforma group operating profit of £264.3m, up 11 per cent and in line with guidance. Whilst the group faces “some short-term uncertainty” it is focused on establishing itself as “the leading, and the best, betting and gaming business.”
RPC Group (RPC)
Index: FTSE 250
Sector: General Industrials
Market capitalisation: £3,294.31m
Shares in RPC have fallen sharply recently and now sit at their lowest levels since July. However, the group’s pre-close trading statement was fairly upbeat as it said revenues for the year to the end of March “are anticipated to be significantly ahead of last year, reflecting contributions from acquisitions and continued underlying organic growth.” The group made a number of acquisitions throughout the year including Letica, GCS and BPI. The latter two are said to be integrating well and “performing ahead of expectations.”
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.
Redmayne-Bentley’s Top Trades
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