No New News

Headlines say there was no new update in the Spring statement and all stock picks are a mix of 84% BUY, 4% HOLD and 12% SELL

1. AVOID The Revel Collective

Top performing stock pick this week is AVOID The Revel Collective by Steve Moore with a tip performance of 67%.

The Revel Collective was formerly known as Revolution Bars. It is a UK-based company operating a portfolio of bars and gastro pubs, including brands like Revolution, Revolución de Cuba, Peach Pubs, and Founders & Co.

The Revel Collective share price launched at 160p in 2015, rose to an all time high of 188p in 2017 and is today at 0.20p

On 4th March the company issued interim results in this RNS stating slower than expected recovery due to challenging trading conditions. The Group concluded its restructuring plan in September 2024. To add to this the CFO resigned on 6th March to pursue other opportunities.

In his article Steve Moore questions the positive narrative around future recovery and notes the vastly reduced share price. In Stockomendation Moore is the only analyst with SELL. There are no active short positions.

2. SELL Celadon Pharmacueticals

Second top performing stock pick this week is SELL Celadon Pharmaceuticals by Tom Winnifrith with a tip performance of 20%.

Celadon is a UK based pharmaceutical company that is focusing on growing indoor hydroponic, high-quality cannabis initially for the chronic pain market.

Celadon share price launched at 85p in September 2020, rose to an all-time high of 295p 3 months later and is now at 10p.

On 24th March it issued an RNS titled ‘Board changes and de-listing proposal’ stating its intention to remove 4 non-executive directors plus the Chair, and cancel the shares off AIM. Instigated by the CEO a James Short in an effort to reduce costs, it says the company will make arrangements with JP Jenkins for a Matched Bargain Facility for existing shareholders.

In his article Winnifrith highlights the precarious position of the Company’s finances given that they rely on two new loans to survive, and with creditors and borrowings, he suspects the company may not have enough operating cash to continue.

In Stockomendation Winnifrith is the only analyst with SELL and there are no active short positions.

3. OUTPERFORM Close Brothers Group

Third top performing stock pick this week is OUTPERFORM Close Brothers Group by RBC Capital with a tip performance of 19%.

Close Brothers Group plc is a UK-based merchant banking group providing lending, deposit taking, and securities trading, operating through divisions like Banking, Securities, and Asset Management, and listed on the London Stock Exchange.

Founded in 1878, Close Brothers share price launched in 1984. Its recent high price reached 1,685p in 2021. Shares today are at 330p.

On 18th March it released its half yearly report stating £103m pre-tax operating losses driven by the outcome of the motor finance case where the Treasury ruled against the motor finance industry. Close Brothers set aside £165m to provision for the commissions hence the operating loss.

RBC reiterated its OUTPERFORM rating on the stock despite stating a ‘high degree of uncertainty’ due to pending court decisions.

In Stockomendation four analysts: two with BUY they are Deutsche Bank and Shore Capital, RBC with OUTPERFORM and UBS is NEUTRAL. Seven active UK Fund Manager Short Positions, view those here.

Join Now

Think you can pick stocks? Play the March league UK Share Picking game FREE : uksharepickinggame.co.uk

Disclaimer: The contents of this article should not be considered financial advice. Pricing data correct as at 27th March 2025.