Getting latest data loading
Home / Blog / blog / Trader’s Corner: 29-11-19

This report is not a personal recommendation and does not take into account your personal circumstances or appetite for risk.

Trader’s Corner: 29-11-19

Bank note printer, De La Rue, has seen its share price plummet this week after its half year results showed it could be seriously short of money. The bank note printer’s market cap has shrunk by around 80% in the past two years, and the latest figures show this is now exceeded by its £171 million net debt. Its share price fell 20% in the wake of the news, to 144p at the time of writing, meaning the stock is down 70% in the past six months alone. Two profit warnings this year, along with a Serious Fraud Office Investigation in July, has been bad news for De La Rue but could it bounce back? The move to digital payments has hit the printer hard as its mainstay is currency printing. To dig its way out of its current hole, it has a lot to overcome – cash is likely to become less and less frequently used so its security and counterfeit division needs to take centre stage. Its authentication revenues increased 70% year on year, which is one piece of positive news and new Chief Executive Clive Vacher has already started a strategic review to boost revenue and cut costs. With one of its biggest shareholders suggesting the firm is now a takeover target though, and the printer itself suggesting that it could fold if its turnaround plan fails, investors are probably bracing up for a rocky ride.

Losing its license to operate in London has sent Uber’s share price plummeting by three per cent this week to $29.49 at the time of writing. The news wiped almost $2bn off the ride hailing firm’s market cap, as investors worry about the repercussions to revenue from the license loss. Transport for London decided not to renew the taxi firm’s license after it said ‘a pattern of failures’ put passenger safety at risk, finding that more than 14,000 trips were taken with drivers who had faked their identity on the Uber app. Uber’s UK general manager, Jamie Heywood said the ride hailing firm would appeal TfL’s decision, describing it as ‘extraordinary and wrong’, and said it will continue to operate until the appeal. So, what does this mean for Uber’s share price – can it recover, or has the license loss slammed on the brakes? Analysts think this could have a big detrimental impact on Uber – with around 3.5 million users London is its biggest European market and newcomers Bolt and Ola are poised to step into the breech in the city. Some also fear that Uber’s history of regulatory issues – whether through passenger safety concerns or driver’s rights – is worrying, and that London’s example may prompt others to follow suit. The taxi firm’s fast growth business model means it has spent $7 billion this year alone and so the last thing it needs is investors panicking and pulling out. Whether it can pull itself through this latest crisis or not may depend on the outcome of the appeal with TfL.

Pets at Home has seen its share price jump as its latest results revealed stellar sales growth for the first half of the year. The pet retailer is likely to have some happy investors as it posted an underlying year-on-year profit hike of 18.9 per cent to £45m for the period to the end of October. Its share price shot up 9.5 per cent, now standing at 258.55p at the time of writing and the group expects its full-year profit to be at the top end of its £87m to £93m expectations. So, is the pet superstore worth a punt or is it approaching its price peak? Analysts are impressed with the way the firm has differentiated its business model – with vet clinics and grooming services under the same roof as its retail offering there is plenty of potential for growth. The company has highlighted a possible risk of Brexit, in that most of its veterinary staff are EU nationals, but analysts are optimistic overall with Liberium raising its target price to 300p following the results.

« Back to Category

This research is produced by Accendo Markets Limited. Research produced and disseminated by Accendo Markets is classified as non-independent research, and is therefore a marketing communication. This investment research has not been prepared in accordance with legal requirements designed to promote its independence and it is not subject to the prohibition on dealing ahead of the dissemination of investment research. This research does not constitute a personal recommendation or offer to enter into a transaction or an investment, and is produced and distributed for information purposes only.


Accendo Markets considers opinions and information contained within the research to be valid when published, and gives no warranty as to the investments referred to in this material. The income from the investments referred to may go down as well as up, and investors may realise losses on investments. The past performance of a particular investment is not necessarily a guide to its future performance.

Comments are closed.

Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.
Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 75% of retail investor accounts lose money when spread betting and/or trading CFDs with this provider. You should consider whether you understand how spread bets and CFDs work and whether you can afford to take the high risk of losing your money.
EXCELLENT

4.81 Average

156 Reviews

George

I have found Accendo staff very helpful,,and informed. I have traded with you for some years now and have no regrets. Keep up the good work!

Posted 1 year ago

Shaun D

since signing up for Accendo I have had two traders, Mark and Sam. I have found both of these to be very informative about how CFD's work and they have made it very easy for me. Since working with Sam (last four months) my trading knowledge has improved and I can make more informative decisions about which Company's to invest with. Keep up the good work Sam.

Posted 1 year ago

Anonymous

I am very happy with the service I get from Accendo Markets and in particular Amrit Panesar. He is very professional and pleasant to speak to and this counts for a lot.

Posted 1 year ago

Shreekant P

Its a good site for dealing stocks worldwide and having good staff.

Posted 1 year ago

Nick W

Krishan Appiah is one of the most dedicated / informative broker I have ever had.

Posted 1 year ago

Thomas I

Since I have been trading with Accendo Markets I have experienced much greater success than has been my experience with other trading companies mainly due to the help given by, what I consider to be my terminal with the trading floor, Mark, who has been most helpful in reminding me of the progress of my positions throughout the day and keeping me in touch with those positions so that I can more easily make successful trades when appropriate instead of missing out on opportunities through lack of attention. He draws my attention to the situations and enables me to make profitable trades. I am very happy with the situation at the moment and am enjoying the experience. Thomas Irving.

Posted 1 year ago

Kartik A

Accendo markets keep me connected with the market and its very well followed by Mr. Krishan Appiah ,which helps me to take certain decision on time.

Posted 1 year ago

Peter p

I have been trading with Accendo Markets and James Abbott my account manager for coming on 5 years now, James Abbott the senior trader of Accendo Markets provides me with up to minute information when I need it and find him very easy and professional to deal with. Whenever I need to trade or am not sure about anything James is always their to help with any queries I may have. The Accendo Platform I find very easy to use and navigate although it has been slightly changed over the years but definitely for the better. Personal when I do trade 90% of the time, I rather telephone call to place my trade dealings and if James is not there to take my call I find others at Accendo like Sam, Lee take my trades and are. All in all everyone at Accendo Markets are amazing to deal with and my relationship with Accendo is just as I like it. Peter Petrou

Posted 2 years ago

Mrs. J

"Our Trader, Aymen Azizi, has been nothing but attentive to our every need throughout our long relationship with him. No issue is too small, full explanations on all our questions."

Posted 2 years ago

Brian R

I have been with Accendo for a long time now, ten or twelve year's, probably more . As I told Sam (my trader) I thought that CFDs were better than sex . I stopped trading for a few years and only started back about a couple of months ago. But it is as if I had never been gone , so to speak. Sam has helped me every step of the way, at my age one forgets things. I have only praise for Accendo and as far as I am concerned the platform is the best . Now I am back trading at 71 years of age, I might even try sex again. Brian Robertson.

Posted 2 years ago

Jim W

I understand how to make a profit with CFDs. I am restricted by the range of companies I have knowledge of. Although, I am not sure that is a big problem. Tom Robertson is a very fine man.

Posted 2 years ago

Rebekah S

Well, I would not be trading without the help of my trader, Sam Alnakkash. He provided a really great overview of Accendo Markets, an insight into trading in general and how to get started in trading online. His advice, support and training has been fantastic all along the way, enabling me to start trading earlier than I would have done had I not had the support. He has also been very adept at understanding me as a client in order to help me achieve my trading goals. I still have a lot to learn and hope I will get there.

Posted 2 years ago

Nick z

I like the updates on shares I trade. Updates from Bloomberg and Reuters plus industry updates and breaking news. I've had Matt Grice and James Abbott and found both to be excellent. I would like to continue a personal service with James. He understands how and which stocks I trade.

Posted 2 years ago

Steve O

Excellent, knowledgable broker interaction and communication, coupled with very good research and analysis.

Posted 2 years ago

William P

Being new to direct trading I needed help and was given all the time and advice that I needed to feel fully able to make decisions on what I wanted to invest in. I asked for and got exactly the type of info I required provided by Tom Cook, who I would recommend to anyone looking for help.

Posted 2 years ago

Mr. W

I have been dealing with accendo for the past 8 years my broker Amrit I find him very helpful when he is there lol and had many offers to change but will not do it Bill Roberts

Posted 2 years ago

Zoran N

Very good all round service! Timely market information. (charts + trends coverage ) On the ball accounts managers ,quickly available and alert . Part of my success owed to my personal manager Mr Sam Springet , than you.

Posted 2 years ago

Mr Brian C

Easy to deal with.....

Posted 2 years ago

Muhammed S

Accendo markets are great for trading cfds and their research is second to none! Aymen manages my account is extremely helpful and always keeps me updated on market info. Thanks again

Posted 2 years ago

Mr Buta B

Always available, whenever I call I get straight through to someone that can and will help. The staff are very knowledgeable, helpful and easy to talk to.

Posted 2 years ago

Stephen B

Aymen Azizi keeps an eye on what is happening in the market and informs me with timely relevancy, email call, and txt.

Posted 2 years ago

.