Share Prices & Company Research


29 June 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.

Blue Prism (PRSM)

Index: FTSE AIM All-Share

Sector: Software & Computer Services

Market capitalisation: £ 506.49m

Shares in Blue Prism, which develops business process automation software solutions, were in favour with investors ahead of the publication of its results earlier this week. For the 6 months to the end of April, the group recorded a 133 per cent rise in recognised revenue to £9.3m and said that its investment in the US was showing progress. The chief executive officer, Alastair Bathgate, said the group’s market “continues to expand rapidly and our strong sales pipeline gives us confidence for further growth in the second half of 2017.”

Capita (CPI)
Index: FTSE 250

Sector: Support Services

Market capitalisation: £ 4,674.30m

Despite a torrid year for Capita, shares in the group spiked earlier this month following a trading update, climbing back above the 700p level for the first time since last Autumn. The group reported good progress in making disposals in an attempt to deleverage its business and make it simpler. Capita also said that trading in the year to date had been in line with expectations and it anticipates “profitability to improve in the second half.” Following this update, both Jefferies and HSBC increased their recommendations from ‘hold’ to ‘buy’.

Provident Financial (PFG)
Index: FTSE 100

Sector: Financial Services

Market capitalisation: £ 3,576.45m

Provident Financial reported last week that the reorganisation of its Home Credit business, which it announced in February, had been more disruptive than expected and impacted both debt collection and new sales. Consequently, the group warned that pre-exceptional profit in its Consumer Credit division is expected to be around £60m, compared to £115m in 2016. Shares fell heavily on the news, to below 2400p, however, some investors saw this as an opportunity to buy shares in the group.

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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