Share Prices & Company Research


23 March 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.
Segro (SGRO)
Index: FTSE 250
Sector: Real Estate Investment Trusts
Market capitalisation: £4,602.28m
Segro shares have proved quite volatile of late as the group announced a fully underwritten 1 for 5 rights issue to raise £556m. The money raised will be used to finance the £216m cash acquisition of 50 per cent of the Airport Property Partnership, with the remainder being invested to progress ongoing development projects. For the year to the end of December, the group reported a 7.1 per cent increase in adjusted earnings per share to 19.7p and increased its dividend by 5.7 per cent to 11.2p per share.
Amec Foster Wheeler (AMFW)
Index: FTSE 250
Sector: Oil Equipment, Services & Distribution
Market capitalisation: £1,973.28m
Investors took an opportunity to sell holdings in Amec Foster Wheeler after the group announced that it had agreed to a £2.2bn all-share takeover bid from rival Wood Group. The offer represented a 15 per cent premium to Amec Foster Wheeler’s market value when it was announced, and aims to create a support services group less reliant on the volatile oil industry. Days later, Amec Foster Wheeler said it had won a US$950m contract to provide engineering and construction services for the US Air Force and other US defence installations.
Domino’s Pizza Group (DOM)
Index: FTSE 250
Sector: Travel & Leisure
Market capitalisation: £1,598.90m
Shares in Domino’s Pizza Group suffered sharp losses earlier this month, despite the group reporting a 14 per cent increase in revenues for the 52 weeks to 25th December 2016. However, UK like-for-like sales growth of 7.5 per cent was softer than expected and down from the 11.7 per cent achieved in the previous year, which discouraged investors. Despite this, the group recorded a 17.1 per cent increase in underlying pre-tax profit to £85.7m and hiked its total dividend by 16 per cent to 8p per share.
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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