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12 April 2019

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. 

EASYJET (EZJ)
Index: FTSE 100
Sector: Travel & Leisure
Market Capitalisation: £4,194.52m
 
EasyJet’s latest trading statement, issued on 8th April, has done little to calm investors’ fears. The UK airline has warned on its outlook for the next six months as management reported that the business is expected to record a £275m pre-tax loss in the first half of the year. Chief Executive, Johan Lundgren, suggested that current political uncertainty within Europe is likely to drive weaker consumer demand
in the coming months; while increasing fuel costs and declining seat prices are also anticipated to weigh on profitability. The airlines shares traded down 10% on the day.
 
PREMIER OIL (PMO)
Index: FTSE 250
Sector: Oil & Gas Producers
Market Capitalisation: £826.16m
 
Premier Oil has moved back into profit territory following a year of record oil production and higher oil prices. The North Sea producer reported pre-tax profit for 2018 of US$158.2m compared to a loss in 2017 of US$366.3m. During this period, Premier Oil achieved an average oil price of US$63.5 per barrel
compared to US$52.1 per barrel in 2017, while production increased to a record 80,500 barrels per day. The stock has enjoyed a stellar start to the year, up 50% in the year to date, as oil prices rebound from December lows. Brent Crude is trading at just above US$70 per barrel.
 
ROYAL DUTCH SHELL (RDS)
Index: FTSE 100
Sector: Oil & Gas Producers
Market Capitalisation: £203,535.14m
 
Royal Dutch Shell is launching a US$300m forestry programme in an attempt to reduce its emissions. A growing number of oil companies are investing in ways to store carbon dioxide to offset their own inherent emissions, in order to comply with climate goals. Shell’s Director of Gas and New Energy, Maarten Wetselaar, has stated that carbon offset programmes may also present a business opportunity for Shell. The company plans to generate carbon credits from forestry schemes to sell to customers purchasing oil and gas, however, the profitability of such business is uncertain.
 
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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