Share Tips of the Week

Headlines about UK assets flopping abound this week in the markets with emerging markets providing more interesting fodder for analysts. 10% inflation does not do much good for the soul but at least these tipsters predictions proved fruitful:

1. Top tip this week was AVOID Safestyle UK (SFE) by Steve Moore in ShareProphetswith a tip performance of 14%

Steve Moore cracked the top place this week with his AVOID Safestyle tip which is currently performing at 14%. Safestyle listed in 2013 at 130. Since then, it went up to its peak of 317 in 2017 and fell to an all-time low of 14.5 in 2020 in the heart of the pandemic. Today it has somehow gone back up to 31. Analysts predict mixed fortunes for this embattled window & door company. It’s faced several separate allegations since incorporation about dodgy sales tactics but at one time may have been seen to be a good quality company at a cheap price. Is it still the case? Depends on who you talk to but considering a contraction in performance of 1% over a time when the market expanded, things may not look as bright as they once did.

2. Second tip this week was SELL LondonMetric Property (LMP) by Berenberg with a tip performance of 9%

This FTSE 250 listed British Property Company has a lot going on. Firstly, if insider transactions are still the best indication of a stock about to move then you should know about Alistair Elliott’s purchase on 16 August of 50,000. Secondly, on 19 August LondonMetric divested 4 UK assets to the tune of £25.6m. Thirdly, on August 24th, we heard it planning a dividend of 4.5%. Lastly, on 31 August tipster Berenberg issued a SELL rating and released comments on the London property sector about to go under due to spiralling inflation, rocketing debt prices and reduced demand. Analysts say this will push new projects back and combined effects will create the worst environment for property in a decade. Depressing!

3. Third tip this week was a a BUY JD Sports Fashion (JD.) by Paul Summers in The Motley Fool with a tip performance of 7%

The only BUY top performing tip this week for an old-time favourite sports supplier JD Sports.

This tidy little stock climbed from its modest debut price in 1996 of 2.99 to a whopping all-time high of 233.40 in 2021. Hardly a BUY rating now for the stock trading at 117.60. It got a new Chair 3 weeks ago who snapped up 400,000 of shares as he walked in. It’s still a retail stock struggling with inflation so naysayers are still on its tail taking the new Chair & CEO as a desperate attempt to reclaim share price. It’s had a few knocks this year one being the sale of Footlocker at less than half the price it paid due to concerns from Competition Authority, and from the same Authority a warning on price fixing. So we shall see. But Paul Summers sees a bargain. He said “I suspect JD will deliver the goods again once confidence returns” and we suspect he might be right.

The fact is nobody knows what will happen next except next week’s top share pickers. Follow them on www.stockomendation.com

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Disclaimer: The contents of this article should not be considered financial advice. Pricing data correct as at 1st September 2022..