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24 October 2019

Redmayne Bentley's Top Trades

Below, we look at the most frequently traded shares through Redmayne Bentley over the last couple of weeks and consider why they have been so popular.
 
UNILEVER (ULVR)
Index: FTSE 100
Sector: Personal Products
Market Capitalisation: £53,303.84m

With the environment becoming increasingly important for today’s companies, Unilever has promised to reduce the amount of plastic it produces every year by around 14%. Furthermore, the third-quarter trading update seems positive, with underlying sales increasing by 2.9% to €13.3bn in the period. However, this is despite quarterly earnings falling short of market expectations despite new accounting methods adding 30bps to underlying sales growth. Nonetheless, the management team reiterated their 2019 guidance for organic sales growth in the lower half of the 3%-5% target. Shares are up c.11% over 12 months and are currently trading at 22x P/E.
 

NATIONAL GRID (NG.)
Index: FTSE 100
Sector: Multiutilities
Market Capitalisation: £32,097.67m

National Grid has claimed that it would happily hand over the management of Britain’s electricity system to an independent body. National Grid has clearly changed its tune from two years ago, when it fought to retain the “electricity system operator” role in an Ofgem review in 2017. This follows from the blackouts earlier this summer, which left more questions than answers for the company. Yet, the company seem to have taken the above on the chin; shares are up c.19% year-to-date.
 

SIRIUS MINERALS (SXX)
Index: FTSE All-Share
Sector: Specialty Chemicals
Market Capitalisation: £219.99m

Despite the furore over the past few weeks, shares in Sirius Minerals rallied by around 10% following news that an agreement with a Qatari fertiliser company had been reached. The Yorkshire-based company is currently working on a strategic review, in an attempt to keep the project alive. Shares have more than halved over the past month, following the failed bond junk-bond release. A financing update due at the end of the month will provide further information of what lies in store for Sirius.
   

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 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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