Share Prices & Company Research


20 March 2020

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.
Index: FTSE 100
Sector: Mining
Market Capitalisation: £14,935.37m
Anglo American has had a tough time recently, as the company shed 40.44% in the last month. At the start of March, Anglo American Platinum cut its forecasts for platinum, palladium and rhodium production to the ranges of 3.3m-3.8m ounces from 4.2m-4.7m ounces because of an explosion in one of the main processing plants in South Africa, which forced suspension of contracts. Analysts predict that this could result in a more than US$1bn fall in earnings this year and an increased shortfall of supply for palladium. Furthermore, Sirius Minerals has also been bought by Anglo American for £404.9m, reintroducing high quality and low carbon fertiliser to their offering. The shares of Anglo American have dropped 34.65% in the last year and are trading at 6.10 P/E.
Index: FTSE 250
Sector: Support
Market Capitalisation: £698.85m
Business process outsourcing company Capita released disappointing full-year results for 2019 at the start of March. The firm reported that the multi-year business transformation project would be more costly than previously expected and reduced its free cash flow outlook to £160m from £200m. Additionally, Capita announced an increase in adjusted net debt to £790.6m from £466.1m and 4% lower revenues in 2019. However, the CEO remains optimistic in the outlook, forecasting that the firm will generate positive organic growth in 2020 for the first time since 2015. Currently, Capita is trading at 2.14 P/E and has shed 76.48% in the last year.
Index: FTSE AllSmall
Sector: Retailers
Market Capitalisation: £19.63m
Formal clothing company Moss Bros announced that it would be bought out for £22m, which was at a 60% premium, and go private. The retailer has been struggling recently, as it reported 3.2% lower sales for 24 weeks to 11th January. The trend of more casual wear appears to have hurt the business and demand for its more formal suits. The decision to be bought out was made to counteract the uncertainty of the Coronavirus outbreak, which only intensified the effects of dropping consumer confidence and increasing store occupancy costs, among others. The sale of Moss Bros represents a solid premium to its shareholders and is expected to set up a fitting structure for management to implement a business transformation. The share price of Moss Bros has fallen 18.92% in the last year.
Top Trades is published in Equity Insight, a newsletter written by our stockbrokers and investment managers.
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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