Britain Bounces Back

Headlines say britain bounces back and to stick picks are a mix of 81% BUY, 9% HOLD and 10% SELL.

1. AVOID Tan Delta Systems

Top interesting stock pick this week is AVOID Tan Delta Systems by Steve Moore in ShareProphets with a tip performance of 10%.

Tan Delta Systems is a Sheffield-based manufacturer of real-time oil quality monitoring sensors and systems. Tan Delta Systems share price launched at 29p less than 6 months ago and is now at 21p, its lowest ever price. The company was incorporated in 2007 under the name ‘Oil Management Services’ and changed its name by resolution to Tan Delta in 2011.

Tan Delta systems issued a trading update on 2 January with a below expected revenue warning due to delays to projects. Revenue will be £1.44m for the year ending 31 December 2023 compared to £1.6m the year before. Steve said it would be better for the company to wait for delivery than promise positive results prematurely.

In Stockomendation Steve Moore is the only analyst with AVOID and there are no active short positions open.

2. SELL Regtech Open Project

Second interesting stock pick this week is Regtech Open Project by Tom Winnifrith in ShareProphets with a tip performance of 9%.

Regtech Open Project share price launched at 109p in August 2023 not long after it was incorporated in March last year. The share price then lifted to 235p the next month. It is now at 11p per share.

Regtech Open Project is technology that assists companies to become and remain compliant with regulations.

As ever Tom WInnifrith makes no bones about his view of the accounts versus statements the companies have put out, namely that they are conflicting.

Tom Winnifrith is the only analyst in Stockomendation with SELL and there are no active short positions currently open.

3. OVERWEIGHT Deliveroo

Third interesting stock pick this week is OVERWEIGHT Deliveroo Class A by Morgan Stanley with a tip performance of 3%

Jefferies put out a statement that the London food delivery service is expected to provide more shareholder returns this year.

Deliveroo share price listed at 282p in 2021 2 months after incorporation, reached 386p later that year and is now at 130p, having rose 44% in the past 12 months.

In Stockomendation two out of five analysts say BUY they are UBS and Jefferies, Morgan Stanley says OVERWEIGHT, JP Morgan is NEUTRAL and Barclays has EQUAL WEIGHT. There are four active short positions open.

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Disclaimer: The contents of this article should not be considered financial advice. Pricing data correct as at 4th January 2024.