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20 February 2020

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.
 
ROYAL BANK OF SCOTLAND (RBS)
Index: FTSE 100
Sector: Banks
Market Capitalisation: £24,913.45m
 
Royal Bank of Scotland has experienced a rough year, as its share price fell 17.18% year-on-year. On Friday, the bank announced that it would change its 300-year-old name to NatWest Group, to disassociate from negative reputation.  RBS encountered substantial damage to its brand during the 2008 financial crisis, as the UK government rescued the bank with a £46bn bailout in 2008. The financial institution has also been involved in scandals regarding Libor rigging and mistreatment of small businesses throughout the years. The news has hit investor sentiment, as the stock price of RBS has fallen 8.70% since the announcement. The shares are currently trading at 8.06 P/E.
 
 
SSE (SSE)
Index: FTSE 100
Sector: Conventional Electricity
Market Capitalisation: £17,376.95m
 
Scottish energy company SSE released a third-quarter trading update at the end of January, which stated that the firm is on track to hit its financial targets for the year. Over the last month, SSE has sold its retail energy business to OVO Energy Limited for £500m, to focus on the renewable energy side of business and zero net carbon emissions target in the future. SSE Renewables has made the decision to build 11 additional turbines for the Gordonbush wind farm and the company considers implementing an 80p per share dividend for the current financial year, which is lower than 97.5p in the year before. Currently, the shares have advanced 38.54% over the last year and are trading at 13.47 P/E.
 
 
TUI AG (TUI)
Index: FTSE 100
Sector: Travel &Tourism
Market Capitalisation: £5,042.02m
 
Travel and tourism company TUI AG has had a strong start to 2020, boosted by the fall of Thomas Cook in September. For its first quarter, TUI reported positively with 3% higher year-on-year booking volumes and adjusted its revenue guidance to high single-digit growth as opposed to medium-high. Additionally, the net debt guidance was lowered from €1.8bn-€2.1bn to €1.4bn-€1.7bn, because of financing delays caused by the grounding of the 737 MAX. The market has reacted very optimistically, as TUI’s share price went up 13.06% following the trading update, only to level off to a 3.76% increase for the full week. At the moment, the stock is trading at 7.37 P/E, having risen 7.22% in the last year.
 
 
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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