Share Prices & Company Research


13 July 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.

Persimmon (PSN)

Index: FTSE 100

Sector: Household Goods & Home Construction

Market capitalisation: £7,248.83m

Housebuilder Persimmon described its trading for the first half of 2017 as “excellent”. The group said it witnessed strong demand, despite the snap general election. The group said it was in a good position going into the second half of the year with a total forward sales value of £1.6bn at the end of the period. Persimmon is confident that demand will remain strong, describing consumer confidence as “resilient” whilst “compelling mortgage rates continue to offer good support to new home buyers.”


Caretech (CTH)
Index: FTSE AIM All-Share

Sector: Health Care Equipment & Services

Market capitalisation: £312.74m

Shares in Caretech, which provides individual support and mental health services, came under selling pressure last week, shortly after peaking at a 7-year high of 454.75p. The group reported that, for the 6 months ended 31st March 2017, revenue increased by 11.3 per cent to £78.8m and underlying pre-tax profit rose 13.9 per cent to £13.1m. This enabled the group to increase its interim dividend by 10 per cent to 3.3p per share. The group also reported on the completion of 2 acquisitions with a total spend of £20.7m.


Petrofac (PFC)
Index: FTSE 250

Sector: Oil Equipment & Services & Distribution

Market capitalisation: £1,545.88m

Shares in Petrofac slumped dramatically in May; however, sentiment towards the stock has improved in the last month. In a trading statement covering the 6 months to the end of June, the group said it expects to report underlying net profit of between US$135m and US$145m. The group also anticipates that full-year net profit will be weighted to the second half of the year. The group’s chief executive Ayman Asfari commented: “We have made a positive start to the year, driven by good project execution and financial discipline.”

Top Trades is published every fortnight in Equity Insight, a newsletter written by our stockbrokers and investment managers. It provides fresh market commentary, a focus on individual sectors, technical analysis, potential trading opportunities and share reviews. Register now for your complimentary issue.

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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