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08 November 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.
 
ALUMASC (ALU)
Index: Main Market
Sector: Construction & Materials
Market Capitalisation: £46.43m
 
It has been a turbulent year for building products supplier Alumasc, but shares have been in favour with investors recently. Last month, the group reported a “resilient” first-quarter performance, in which revenues rose by 3%. Although export sales were soft, the group was helped by “a solid like-for-like performance” in its UK business, as well as the added contribution from Wade which was acquired in January. Despite forecasting “a more challenging UK construction market”, the group kept its full-year expectations unchanged.
 
RENISHAW (RSW)
Index: FTSE 250
Sector: Electronic & Electrical Equipment
Market Capitalisation: £3,067.31m
 
Late last month, shares in Renishaw slumped to an annual low of 3670p, having been above the 5500p level in early September. However, in recent weeks, the group has recovered some of the lost ground. For the three months to the end of September, Renishaw reported an 8% increase in revenue to £154m. Due to investment in people and infrastructure, adjusted pre-tax profit fell 9% in the period to £32.6m.
However, the group said this investment in additional resources will reduce and it remains confident of full-year revenue and profit growth.
 
ROYAL DUTCH SHELL (RDSB)
Index: FTSE 100
Sector: Oil & Gas Producers
Market Capitalisation: £202,774.95m
 
Oil giant Royal Dutch Shell was heavily traded last week, having reported a 35% rise in third-quarter earnings, allowing it to increase the pace of its US$25bn share buyback programme. The group was boosted by higher earnings from commodity prices which helped to offset lower margins in the refining, marketing and chemicals businesses. Meanwhile, the group’s cashflow from operations rose to more than US$12bn, reflecting success in the company’s focus on reducing costs and selling US$30bn of assets.
 
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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