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14 December 2017

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.
 
LADBROKES CORAL PLC (LCL)
Index: FTSE 250
Sector: Travel & Leisure
Market Capitalisation: £3,268.23m
Shares in Ladbrokes Coral soared to a near 4-year high, following revelations that the group was in talks with online gambling group GVC about a £3.9bn takeover. This is the third time in a year that the groups have held talks, with previous negotiations breaking down over disagreements about how to value the companies. GVC intends to pay for Ladbrokes Coral with a mixture of cash and stock, which would lead to the creation of one of the world’s largest betting companies and which would catapult the combined entity into the FTSE 100.
 
PROVIDENT FINANCIAL PLC (PFG)
Index: FTSE 250
Sector: Financial Services
Market Capitalisation: £1,245.75m
The problems continued for troubled lender Provident Financial last week, following news that the Financial Conduct Authority had launched an investigation into the group’s Moneybarn business. The investigation relates to processes applied to customer affordability assessments and follows the well documented problems with the group’s Consumer Credit division. These issues have seen the shares fall over 70 per cent year-to-date. However, some investors saw this as a good entry point to invest in the group.
 
TESCO PLC (TSCO)
Index: FTSE 100
Sector: Food & Drug Retailers
Market Capitalisation: £17,037.93m
Shares in supermarket giant Tesco have climbed this month back above the 200p level for the first time since January, prompting some selling by investors. Recent figures from Kantar Worldpanel revealed that Tesco grew sales by 2.5 per cent year-on-year for the 12 weeks to 3rd December. However, the group’s market share dipped from 28.3 per cent to 28.2 per cent. The so-called ‘big four’ including Tesco, Sainbsury’s, Morrisons and Asda all saw their market shares fall, as discount retailers Aldi and Lidl continue to reap the benefits.
 
Top Trades is published every fortnight in Equity Insight, a newsletter written by our stockbrokers and investment managers. It provides free 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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