Share Tips of the Week

Interesting range of top picks this week with Buy, Sell & Overweight so market confidence increasing with 2/3 positive tips.

1. Overweight Aviva (AV.) by JP Morgan Tip Performance 14.34%

Top tip this week is Overweight Aviva by JP Morgan with a whopping 14% performance. The picture is multi-dimensional with several Quite Important factors to consider, e.g.

• The largest general insurer in the UK has been on a cost cutting spree which has increased profits by 14% since January.
• It has massive reserves, 54% higher than the PRA requires which it is using for dividends & acquisitions.
• Its returns are on the up and up and compared to other insurers.
• Since flipping the fortune of the embattled insurer 2 years ago CEO Amanda Blanc has paid out billions to shareholders and has announced another buyback, earning her the headline ‘Blanc check.’
• So, the most impactful single event was the announcement that the interim dividend was up 40% yesterday (10 Aug) causing shares to climb 9.2%, a veritable mountain for this employer of 31,000 people.

2. Sell Supply@Me Capital (SYME) by Tom Winnifrith in ShareProphets Tip Performance 12.31%

The only chart that is green for this beleaguered fintech ‘inventory monetisation platform’ is the one-month chart. Shares opened at the highest price they’ve seen yet, £1.09 on 27 March 2020 and have steadily fallen until 28 July when they shot up.. What happened? Well, there was the announcement of some kind of integration completion. 7 days earlier though it announced its intention to raise £320k through an open offer rate of 0.05p. For a company trading at 0.09p this is a significant discount only available to qualifying investors.

We can’t say what’s next for Supply@Me Capital (SYME). We wait with bated breath!

3. Buy Synthomer (SYNT) by Dr. James Fox in The Motley Fool Tip Performance 11.38%

This latex glove manufacturer COVID darling stock has run in an undoubtedly downward direction since pandemic from a high of £543 in June 2021. So, there was a long way to fall. Shares tanked last week after the earnings update.

However: this was a BUY pick. What’s happening? What did Dr. James see when most banks are rating HOLD or EQUAL WEIGHT? Well, on the 4th CEO Michael Willome purchased 70,000 shares at $2.32 so total investment $162,000.

We think the big ticket could be the Eastmans Adhesive Resins business acquired in April 2022 which reaped in $18m in earnings. If we look at SYNT as a COVID glove manufacturer, future is not so bright and the pick makes no sense. But if we look at SYNT as a British chemical business set for growth & diversifying effectively, at a currently low price, James may have it in the bag. Only time will tell!

We heard predictions of a black swan with a fast market recovery this week, but 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 11th August 2022..