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21 June 2018

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.
 
CREST NICHOLSON (CRST)
Index: FTSE 250
Sector: Household Goods & Home Construction
Market Capitalisation: £1,011.72m
 
Poor performances from housebuilders dragged UK markets down early last week, following subdued house price data. Furthermore, Crest Nicholson delivered a disappointing set of interim results. Although the group reported a good sales performance for the six months to the end of April, investors were concerned about a substantial rise in costs, resulting in squeezed margins. Chief Executive Patrick Bergin still sounded a positive note, saying “The business is well positioned to thrive against a backdrop of continuing strong demand for housing.”
 
KELLER (KLR)
Index: FTSE All-Share
Sector: Construction & Materials
Market Capitalisation: £736.45m
 
Earlier this month shares in Keller, the world’s largest geotechnical solutions provider, rose to a two-year high of 1120p. Last month, the group said it had enjoyed a positive start to the year with like-for-like revenue growth and modest profit growth in the first four months of 2018. The group also expressed confidence in its outlook, boasting an order book of over £1bn. The group concluded by saying that it “has positive momentum in all its divisions and remains on course to meet the Board’s expectations for the full year”.
 
ROLLS-ROYCE (RR.)
Index: FTSE 100
Sector: Aerospace & Defense
Market Capitalisation: £17,312.29m
 
Shares in Rolls-Royce soared last week following an announcement that it would cut 4,600 jobs over the next two years and that it was on track to deliver more than £1bn in free cash flow by 2020. Investors appeared pleased that action was being taken to restructure the group, cut costs and improve cash
flow following five profit warnings in the last four years. Rolls-Royce anticipates that the job cuts will save £400m a year by the end of 2020, although it will cost £500m to implement.
 
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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