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26 April 2018

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.
 
IMMUPHARMA (IMM)
Index: FTSE AIM All-Share
Sector: Pharmaceuticals & Biotechnology
Market Capitalisation: £50.91m
 
Shares in ImmuPharma recently slumped to an annual low of 34.3p, having traded at an all-time high of 190p in January. The drug company was hit by the results of the pivotal Phase III trial of its Lupuzor drug which is under development to treat lupus. The tests revealed that the drug had failed to meet its primary endpoints and that, whilst it succeeded in demonstrating a superior response in patients compared with placebo, this difference was not statistically significant. There were some sellers of the stock, however, other investors looked to capitalise on the fall in the group’s share price.
 
SAGA (SAGA)
Index: FTSE 250
Sector: General Retailers
Market Capitalisation: £1,498.13m
 
Following the release of the group’s final results, shares in Saga recovered some lost ground, despite falling to an all-time low earlier this month. For the year to the end of January 2018 the group reported a small rise in underlying pre-tax profit to £190.1m, despite a “challenging market”. As a result, the group proposed a full-year dividend of 9p per share, up 5.9% on the previous year. The group updated on its proposed investment plans to grow its customer base, which were announced in December, saying “the early signs are promising”.
 
WPP (WPP)
Index: FTSE 100
Sector: Media
Market Capitalisation: £14,278.77m
 
WPP suffered a very challenging 2017, leading to shares falling earlier this year to their lowest level since 2013. Chief Executive Sir Martin Sorrell admitted that 2017 “was not a pretty year” for the group, adding that the challenging conditions would continue in 2018 following a “slow start”. Earlier this
month, WPP announced that Sir Martin Sorrell would leave the company with immediate effect, having been there for 33 years. Shares fell further on this news, as investors were left uncertain as to the future strategic direction of the advertising group.
 
Top Trades is published every fortnight in Equity Insight, a newsletter written by our stockbrokers and investment managers. It provides market commentary, a focus on individual sectors, technical analysis, potential trading opportunities and share reviews.
 
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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