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22 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.
 
DART GROUP (DART)
Index: FTSE AIM 100
Sector: Travel & Leisure
Market Capitalisation: £1,220.40m
 
Dart Group reported a 36% rise in revenue for the half-year to the end of September, following a particularly strong Summer season for its Leisure Travel business. However, the group warned of increased losses in the second half of the year as it continues to invest in additional aircraft and marketing. The group also warned that it faced significant cost pressures and that it was uncertain as to the UK economic outlook. Nevertheless, the group says it continues “to have confidence in the resilience of both our Leisure Travel and Distribution & Logistics businesses.”
 
LLOYDS BANKING GROUP
(LLOY)
Index: FTSE 100
Sector: Banks
Market Capitalisation: £40,839.71m
 
Shares in Lloyds slumped to their lowest level since 2016 last month but were boosted by an encouraging set of third-quarter results, with the bank reporting a 1% rise in total revenues to £4.7bn. Furthermore, the group’s net interest margin bucked the trend seen from many large UK lenders by staying flat at 2.93%. Chief Executive António Horta-Osório commented: “These results further demonstrate the strength of our business model and the benefits of our low risk, customer focused approach.”
 
PERSIMMON (PSN)
Index: FTSE 100
Sector: Household Goods & Home Construction
Market Capitalisation: £6,871.87m
 
Housebuilders have come under pressure recently, largely as a result of Sterling weakness caused by the uncertainty surrounding Brexit negotiations. Persimmon has been under particularly close scrutiny with its Chief Executive criticised for his bumper bonus and later leaving at the request of the company. Consequently, shares fell to an annual low earlier this week. However, the housebuilder remains confident of its outlook, reporting earlier this month that it has £987m of forward sales reserved beyond 2018, an increase of 9% on last year.
 
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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