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05 July 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.
 
 
RYANAIR (RYA)
Index: Main Market
Sector: Airlines
Market Capitalisation: £10,769.6m
 
Ryanair has introduced a block purchase policy in its €700m buyback scheme as an insurance policy against a no-deal Brexit. The airline has a legal requirement to be majority-owned and controlled by European nationals, however, in the event of a ‘no-deal’ Brexit, this share would drop to 45%. Ryanair approved the buyback scheme last month with an original timeline of 12 months; however, this new move is likely to quicken the pace at which the UK share base is reduced.
 
 
SAGA (SAGA)
Index: FTSE All-Share
Sector: Specialised Consumer Services
Market Capitalisation: £414.69m
 
Saga shares have fallen 63% since January on the back of a flurry of bad news. The company issued a profit warning in April, which led to them halving their dividend. This was followed in June by the announcement that Chief Executive Lance Batchelor will step down at the end of the current financial year and concerns that market headwinds are likely to hit its travel business. Furthermore, net debt is expected to rise significantly following investments in two new cruise ships. Saga shares are trading at historic lows at close to half of insurance rivals’ multiples.
 
 
BLUE PRISM (PRSM)
Index: FTSE AIM UK 50
Sector: Software
Market Capitalisation: £1,154.01m
 
Blue Prism’s losses have widened significantly this year to £34m; however, Chief Executive and co-founder Alistair Bathgate explained to investors that increasing costs within the business were a natural by-product of international expansion. It has agreed an £80m purchase of Thoughtonomy, which specialises in robotic process automation services to customers via the cloud. Mr Bathgate is confident that the deal will help Blue Prism offer a “much more credible product”.
 
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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