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26 September 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.
 
LLOYDS BANKING GROUP (LLOY)
Index: FTSE 100
Sector: Banks
Market Capitalisation: £37,900.24m
Lloyds Banking Group has received additional fines for the PPI scandal, following the claims deadline in August 2019; total fines currently stand at £1.8bn. As a result, the firm halted its £1.75 billion share buyback scheme, and missed its capital, and return on equity, targets, causing the shares to drop by 5.17% over the past three months. However, recently the UK bank has been gaining strong momentum from the strengthening of Sterling, together with its preparations for Brexit.
 
 
TULLOW OIL (TLW)
Index: FTSE 250
Sector: Exploration & Production
Market Capitalisation: £3,044.08m
Tullow Oil has seen steady gains following the attack on the Abqaiq Saudi Arabia processing centre, with shares gaining 6.39% over the past fortnight. The attack led to the price of oil to skyrocket by 14.6%, reaching a three-month high, of US$69 per barrel on the day of the attack. Additionally, with boiling tensions between the US and Iran, any conflict within the Middle East will cause a sharp decline in oil supply, which will further push the price upwards. Tullow is also continuing to work on its Orinduik discovery, situated in offshore Guyana, which would provide the oil and gas explorer a multi- billion-barrel opportunity.
 
 
DECHRA PHARMACEUTICALS (DPH)
Index: FTSE 250
Sector: Pharmaceuticals
Market Capitalisation: £2,855.77m
Veterinary product manufacturer Dechra Pharmaceuticals has reported strong financials in its annual report. Profits were up 27% to £127m and the dividend witnessed a 24% hike to 31.6p. Additionally, while most UK mid-caps are struggling under the prospects of a no-deal Brexit, the firm looks significantly more prepared and resilient due to its “simple but effective” business strategy. Furthermore, the manufacturer has begun to transfer some of its business functions, such as its marketing and testing labs to the EU. These factors have led to the share price increasing by 34.3% year-to-date.
 
 
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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