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23 January 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.
 
WHITBREAD (WTB)
Index: FTSE 100
Sector: Restaurants & Bars
Market Capitalisation: £5,949.7m
 
Hotel and restaurant company Whitbread has reported disappointing results in its third-quarter trading update, due to economic uncertainty and rising costs in the UK, according to the firm. Total UK sales in the third quarter increased 0.3% but dropped 1.3% on a like-for-like basis. Total sales for Premier Inn, Whitbread’s hotel group, fell 0.4%, compared to a 0.1% increase in the second quarter. In addition, revenue per available room dropped 4.5% in the UK in the year-to-date. Looking forward, the company will take a careful approach towards hotel demand due to continuous industry inflation. Shares trade on 23.27 P/E and are down 7.46% in the last year.
 
RIO TINTO (RIO)
Index: FTSE 100  
Sector: General Mining
Market Capitalisation: £57,806.62m
 
Metal and mining company Rio Tinto announced varied production results for 2019. Pilbara iron ore shipments fell 3% in 2019 compared to 2018, as the company faced weather and operational difficulties in the first six months of 2019 at the Western Australia mine. Rio Tinto also mined 5% less copper because of worse production grading. However, the company has a positive outlook for the future as US$2.25bn of investment has been approved for high-return projects in iron ore and copper, according to CEO Jean-Sébastien Jacques. Currently, shares are up 18.98% in the last year and are trading on 7.70 P/E.
 
BOOHOO (BOO)
Index: FTSE AIM 100 Index
Sector: Apparel Retailers
Market Capitalisation: £3,660.58m
 
Boohoo has announced better-than-expected results for the last four months, following strong sales during the holiday period. The online fashion retailer reported a 44% increase in revenues for the four months to 31st December 2019, with record trading during the period. Additionally, the group has adjusted expected revenues for the accounting period up to 40%-42% from 33%-38%. However, company insiders warn that growth may slow as less sustainable competitors could potentially undercut current low margins. Shares remain expensive at 78.02 price-to-earnings ratio (P/E), though they are up 78.6% for the full-year-to-date.
 
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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