FTSE Slips

Headlines say the FTSE slips and all stock picks are 88% BUY, 12% HOLD and 10% SELL.

1. AVOID Ceres

Top interesting share tip this week is is AVOID Ceres Power Holdings by Christopher Ruane in The Motley Fool with a tip performance of 6%.

Ceres is a British clean energy power company which produces mostly clean hydrogen. Ceres Power share price jumped almost 5% this week at the announcement that it will be listed on LSE’s main market for listed securities. However, it reached a 52-week low on Wednesday of 276p. Ceres share price is down 57% over this time range.

Ceres Power listed at 908p in 2004, hit an all-time high of 2,612 in 2007 then sank to 69p by 2015. It recovered since and now is at 327p.

We’ll wait to see what happens with Ceres – Christopher is on a limb as the only analyst stating AVOID – with RBC, Credit Suisse, HSBC and Berenberg a rating it as a BUY or sector PERFORM. Marshall Wace is the only current open short position in Stockomendation with 0.89% at the time of writing.

2. BUY Hollywood Bowl

Second interesting stock pick this week is BUY Hollywood Bowl Group by Berenberg with a tip performance of 5%.

Hollywood Bowl Group as the name suggests is a ten-pin bowling alley chain with 69 centres in the UK. It’s trending tip this week with everyone from The Times to Investors Chronicle weighing in on the announcement – record revenue but half-year profits are down; three sites are to open and a dividend will be paid – leading to rather schizophrenic, split narratives around Hollywood Bowl’s fortunes.

Hollywood Bowl Group share price listed at 168p in 2016, reached 309p in 2020 and today is at 273p.

Three of three analysts rate Hollywood Bowl Group as BUY in Stockomendation being Shore Capital, Berenberg and Mark Rogers. There are no active short positions open.

3. BUY Warehouse Reit

Third interesting stock pick this week is BUY Warehouse Reit by Jefferies with a tip performance of 3%.

Warehouse Reit is a warehouse property company headquartered in London. Warehouse Reit share price listed at 101p in 2017, reached an all-time high of 177p in 2021 and today is at 102p.

Warehouse Reit this week announced the disposal of 2 assets worth a total of £30 million. The Bank of England’s decision to continue to raise interest rates means that real estate investment trusts (REIT) are at risk.

Warehouse Reit share price has fallen 47% in the past 12 months.

In Stockomendation, four out of four analysts rate it as a BUY: they are Jefferies, Stephen Wright, Ben McPoland and Zaven Boyrazian. There is one active short position open being WorldQuant at 0.51%.

Forewarned is forearmed! As always you can see the aggregated, performance monitored and ranked stock tips and picks data in Stockomendation which equips you to make good investing decisions. Check out www.stockomendation.com before your next trade for maximum understanding of your target stock.

UK Fund Manager Short Positions
See which UK Fund Managers are betting against your investments by accessing current & historical short positions on UK companies showing you which fund manager has shorted which company and by how much.

Join Now

CASH PRIZES ARE BACK!
Think you can pick stocks? Play the June league UK Share Picking game FREE for your chance to win cash prices : uksharepickinggame.co.uk

Disclaimer: The contents of this article should not be considered financial advice. Pricing data correct as at 1st June 2023.