Share Picks of the Week

Headlines such as “growth does not persist” – and “your model is wrong” had investors wondering how to eke out returns in this last week’s markets meaning once again the uncertainty in direction see a spread of BUY, SELL and EQUAL WEIGHT Stock Picks this week on Stockomendation.

1. SELL Pure Gold Mining

Top interesting tip this week was SELL Pure Gold Mining by Nigel Somerville in ShareProphetswith an incredible small cap type movement of 40%. The Canadian gold mine announced on the 21st that it’s suspending operations and placing the Ontario Puregold mine on care & maintenance. With cash reserves of $2m & deficit of $13m the mine has not lived up to expectations and it’s likely to default on the debt unless financing is arranged. Not sure what has gone wrong at this miner considering it only released its positive outlook Q4 forecast on 6 October which affirmed a ‘multi-million-ounce, high-grade gold deposit.’

2. BUY Great Portland Estates

Second interesting tip this week was a BUY Great Portland Estates by UBS with a performance of 12%. UBS made this recommendation on the 24th and this property manager’s share price has been climbing since the 30th of September when it announced the sale of its share of the freehold of 50 Finsbury Square for £190m to a German family company.

With a target price of 600p currently trading at 511p this looks like one to research and add to your watchlist!

3. EQUAL WEIGHT / MARKET PERFORM Deliveroo

Third interesting top stock pick this week was a tie EQUAL WEIGHT / MARKET PERFORM Deliveroo Class A by Barclays and Bernstein with a performance of 10%.

Who doesn’t love home delivery as the cold dark rainy evenings set in? Deliveroo currently has a target price of 110p and currently trading at 92p. Despite headlines that Q3 margin is lower than expected after it slashed marketing at between 1.2% and 1.5%, it reported healthy growth at 8% and maybe that’s what these share pickers are seeing, along with expansion into Boots, 1,000 McDonalds sites, Qatar ahead of world cup and healthy growth in Europe & Middle East.

An Equal weight is generally viewed as a very tentative buy signal – an indication that the stock may outperform the market in an upward trend.

Top stock pickers have a track record of picking winning stocks despite the direction of Mr Market so follow the top rated professional Share Pickers, Analysts and Brokers and Stock Tipsters on Stockomendation and also see what the UK best amateur stock pickers are picking in the UK Share Picking Game

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Disclaimer: The contents of this article should not be considered financial advice. Pricing data correct as at 27th October 2022..