Domestic Ownership Plummets

Headlines say domestic ownership plummets to 35% in the London market and all stock picks are a mix of 84% BUY, 4% HOLD and 12% SELL

1. SELL Predator

Top performing stock pick this week is SELL Predator Oil & Gas Holdings by Tom Winnifrith in ShareProphets with a tip performance of 32%.

Predator Oil & Gas is a Jersey-based oil and gas company focused on exploration, appraisal, and development of oil and gas assets in Morocco, Trinidad, and Ireland.

Predator share price launched at 3p in 2018, rose to an all-time high of 18p in 2023 and is today at 3p.

The recent share price movement surrounds a Morocco exploration project, the Guercif Licence onshore Morocco.

The tip was placed on 17th March probably after the preliminary drilling results of the project. Although the preliminary drilling report in this RNS is positive, Winnifrith seems to have a problem with the market valuation of £26 million.

In Stockomendation one analyst with is Winnifrith with SELL. There are no active short positions open.

2. BUY Nuformix

Second top performing stock pick this week is BUY Nuformix by Canaccord Genuity with a tip performance of 14%.

Nuformix is a pharmaceutical discovery company using cocrystal technology to develop drugs in oncology, supportive care and fibrosis. Founded in 2008, Nuformix clinical pipeline includes NXP001, NXP002 and NXP004. NXP001 is pursuing licensing opportunities. NXP002 is its pre-clinical lead asset and a potential inhaled treatment for idiopathic pulmonary fibrosis and possibly other fibrosing interstitial lung diseases. NXP004 is a form of Olaparib, which is used for the treatment of adults with advanced ovarian cancer and deleterious or suspected deleterious germline BRCA mutation.

Nuformix share price launched at 3p in 2017, rose to an all-time high of 14p in 2019 and is today at 0.10p.

In the news this week as Canaccord Genuity initiated coverage with a BUY rating and 293p target price.

Two analysts in Stockomendation: Canaccord Genuity with BUY and Steve Moore with SELL. There are no active short positions.

3. SELL Bakkavor Group

Third top performing stock pick this week is SELL Bakkavor Group by Steve Moore in ShareProphets with a tip performance of 7%.

Bakkavor Group is a British food manufacturing company specialising in fresh prepared foods. Founded in 1986, it has operations in the UK, US and China, with a portfolio of over 3,000 products. Its customers include Tesco supermarket.

Bakkavor Group share price launched at 190p in 2017, rose to an al-time high of 213p in 2018 and is today at 160p.

On 17th March it rejected a takeover offer from Greencore and shares were trading up 17% at a 12 month high. Greencore is another large British food manufacturer. A merger between Bakkavor and Greencore would create the largest UK food production company by far. Bakkavor rejected the offer stating that it “significantly undervalued the company and its future prospects.”

In Stockomendation three analysts with two ratings: Steve Moore and Tom Winnifrith with SELL and RBC Capital with OUTPERFORM. There are no active short positions.

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Disclaimer: The contents of this article should not be considered financial advice. Pricing data correct as at 20th March 2025.