…and some to sell
Countrywide Investors Chronicle
The estate agent has been hit by higher stamp duty and uncertainty generated by the result of the EU referendum. Cost-saving measures have been taken, but it’s “powerless to reverse the fall in transactional volume”. Sell. 181p.
Gym Group The Mail on Sunday
Final results were in line with expectations, but N+1 Singer retains its sell rating on the gym group, citing fears of the market reaching saturation. A major share placement has triggered a dip. Sell. 172p.
Hikma Pharmaceuticals Investors Chronicle
Profits have fallen at this generic drugs specialist following an asset write-down and one-off charges related to an acquisition. Although back on track, it faces greater competition and a clampdown on older drugs pricing. Sell. £21.26.
JD Wetherspoon Investors Chronicle
The pub group has enjoyed better sales growth and rising profits. But customers remain “price sensitive” and it faces a £7m uptick in business rates, higher wages costs, and hikes in tax and duty. Sell. 929p.
Johnson Service Group The Mail on Sunday
The workwear and linens supplier has been going great guns, buying up struggling family firms and investing in equipment and economies of scale to make them efficient. Take profits, but hold some for further gain. Sell. 114.25p.
Lonmin Investors Chronicle
The miner is in “horrible shape” – “burning through cash” as costs outweigh the “basket” price of platinum, which is expected to slip into surplus as Chinese demand softens. The respected COO has exited. Sell. 87p.