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30 August 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.
 
MEGGITT (MGGT)
Index: FTSE 250
Sector: Aerospace & Defense
Market Capitalisation: £4,179.07m
 
Shares in Meggitt were in favour last week, helping the group to recover from a recent slump following disappointing first-half results published earlier this month. Meggitt reported a 37% fall in statutory operating profit for the six months to the end of June, due in large part to lower gains from disposals.
Nevertheless, trading in the period was strong with organic revenue up 9%. The group signalled its confidence in its outlook by increasing the interim dividend by 5% to 5.3p per share.
 
STANDARD LIFE ABERDEEN
(SLA)
Index: FTSE 100
Sector: Financial Services
Market Capitalisation: £9,400.90m
 
Investors were cheered by Standard Life Aberdeen’s (SLA) interim results, with shares climbing from their annual low, back above 320p. The group reported lower revenue for the first half of 2018, but profitability was helped by a reduction in costs. SLA reported an adjusted pre-tax profit from continuing operations of £311m and said it is targeting a further £350m of cost reductions. Despite “challenging” market conditions, the group said it is “well placed to take advantage” of future opportunities.
 
RYANAIR (RYA)
Index: Main Market
Sector: Travel & Leisure
Market Capitalisation: £14,420.64m
 
It has been a turbulent summer for low-cost carrier Ryanair as shares fell to an annual low earlier this month. The airline has suffered from pilot strikes and from news that passengers had not received the
compensation that was due to them as a result of cancellations and delayed flights. However, last week it was reported that Ryanair pilots had reached an agreement to end the strikes, which helped the share
price make a small recovery as it climbed back above €14.
 
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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