Pensions Chopped

Pensions on the chopping block and all stock picks are a mix of 77% Buy, 13% Hold and 10% Sell.

1. SELL Boohoo

Top performing stock pick this week is SELL Boohoo Group by Deutsche Bank with a tip performance of 8%.

Boohoo Group is a British online fashion retailer specialising in own brand fashion clothing, with over 36,000 products. It owns boohoo, boohooMAN, PrettyLittleThing, Nasty Gal, MissPap, Karen Millen, Coast, Oasis, Warehouse, Debenhams, Dorothy Perkins, Wallis, and Burton brands.

Boohoo share price launched at 70p in 2014, rose to an all-time high of 409p in 2020 and is today at 27p.

In the news this week for the CEO resigning and securing £222m of debt financing in this RNS. The share price has dropped more than 90% since 2020 as retail is undercut by cheap Chinese vendors which are not subject to the same workers rights rules and regulations, with more than half of Boohoo stock made in the UK.

Deutsche Bank lowered its target price target for online fashion retailer from 27p to 26p and held its SELL rating.

In Stockomendation four analysts: Deutsche Bank with SELL, Pell Hunt says HOLD, and Kevin Godbold and Ben McPoland say AVOID. There are five active fund manager short positions open, view those here.

2. AVOID The Revel Collective

Equal second top performing stock pick this week is AVOID The Revel Collective by Steve Moore in ShareProphets with a tip performance of 7%.

The Revel Collective is the new name of Revolution Bars Group. It operates premium 58 premium bars and 22 gastro pubs under the Revolution, Revolucion de Cuba, Founders & Co., and Peach Pubs brands.

The Revel Collective share price launched at 160p in 2015, reached an all-time high of 188p in 2017 and is today at 0.7p.

In the news this week as the CEO demands business regulation reform, on 22nd October it released its Preliminary Results in this RNS.

In his article Moore questions the positive narrative issued by the CEO around the results.

In Stockomendation Moore is the only analyst with AVOID and there are no fund manager short positions open.

3. OVERWEIGHT Future

Third interesting stock pick this week is OVERWEIGHT Future by JP Morgan with a tip performance of 4%

Future plc is a British publishing company. Founded in 1985, it is a constituent of the FTSE 250 Index. Its titles include Country Life, Homes and Gardens, Decanter, Marie Claire, and The Week.

Future share price launched at 2,913p in 1999, rose to an all-time high of 9,236p in 2000 and is today at 860p.

On 18 October its CEO stepped down in this RNS. However, JP Morgan remains positive and maintains its OVERWEIGHT rating despite a 19% drop in shares at the announcement.

In Stockomendation four analysts: JP Morgan with OVERWEIGHT, and Deutsche Bank, Shore Capital and Canaccord Genuity all say BUY. There are four UK fund manager short positions open, view those here.

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Disclaimer: The contents of this article should not be considered financial advice. Pricing data correct as at 24th October 2024.