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01 August 2019

Redmayne Bentley’s Top Trades

Below, we look at the most frequently traded shares through Redmayne Bentley over the last couple of weeks and consider why they have been so popular.
   
FEVER-TREE DRINKS (FEVR)
Index: FTSE AIM All-Share
Sector: Beverages
Market Capitalisation: £2,712.73m
 
Despite a recent dip in share price, investors in Fever-Tree Drinks remain optimistic that now could be an opportunity to invest for long-term growth, with the shares looking oversold. This drop came after the drinks producer announced a reduction in UK sales growth to 5%. However, poor summer weather compared to last year may have contributed to this growth reduction. Fever-Tree’s outlook for potential growth in North America is also encouraging investors. The company is laying strong foundations in the US, securing deals with Walmart and large distribution company Southern Glazer’s Wine and Spirits to sell the brand across the country.
 
 
ASTON MARTIN LAGONDA (AML)
Index: FTSE 250
Sector: Automobiles & Parts
Market Capitalisation: £1,135.45m
 
Shares in Aston Martin Lagonda took a battering following a 41.1% drop in value last month. This severe fall came after the luxury sports car manufacturer slashed sales and profits forecasts a week before releasing its half-year results. Despite initially claiming they would expect to see a 10% growth in car sales on 2018, Aston Martin now anticipate selling fewer cars than last year. Chief Executive Andy Palmer has claimed the whole motor industry is “struggling” amid a potential global trade war and wider economic uncertainty. Aston Martin could face further financial pressure following the launch of its first luxury SUV, the DBX.
 
 
RIGHTMOVE (RMV)
Index: FTSE 100
Sector: Media Agencies
Market Capitalisation: £4,697.59m
 
Property website Rightmove received some positive news despite the slump in UK housing markets. The company recently reported a rise in first-half profits after announcing the £20m acquisition of Van Mildert, who provide rent guarantee insurance products and tenant referencing services, with hopes of expanding their revenue base. This is a positive acquisition for Rightmove to accompany news that in the six months up to June, pre-tax profits climbed to £108.08m from £98.05m in the same period last year, on revenue which was up 10%, to £143.9m. The company said revenue was influenced by the sustained growth in its agency and new homes sectors.
 
 
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 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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