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Top Ten Retail Investor Buys & Sells for week ending 22 June 2007

22nd June 2007 Print
Angus Rigby, Chief Executive Officer, TD Waterhouse, commented: British Airways was popular amongst TD Waterhouse customers this week after the Company’s credit rating was up-graded to its highest level in almost four years. Investors and analysts appear to be upbeat on BA’s proposed pension deficit solution and the debt reduction achieved in recent years. The share price has slipped since talk began earlier this year on the transatlantic 'open skies' deal which will liberalise transatlantic travel from March 2008. British Airways currently dominates transatlantic services from Heathrow alongside Virgin, American Airlines and United Airlines but the deal will quash their exclusive access to the market.

With debate on winged transport gaining momentum as the EU pushes attempts to rid our skies of carbon emissions, news of engineering group Tanfield’s recent deal with Californian Enova systems to supply 300 electric engines for their zero-emission vehicles has attracted interest from eco-conscious investors this week. The Company’s share price is up over 545 per cent on last year, boosted recently by a Royal Mail contract to supply a new range of electric-powered vans.

Eurotunnel, The Channel tunnel operator burrows into the Top 10 buys this week, after the Company announced that trading on new shares under Groupe Eurotunnel SA would begin on 2 July 2007. Progress in the share swap means that shareholders will receive one share and one warrant in a new operating company. However, analysts predict that shareholder stakes will drop as debts are restructured within the Company. The share price soared to 52-week highs of 77.50p after a French financial regulator reported on the success of the share-swap approval at the end of last month.

Remaining below sea-level, Churchill Mining enjoys strong investor interest this week. The share price is up over 140 per cent on last month thanks to a long-term coal supply deal which afforded the Company the title of best performer among the FTSE AIM and Small Cap stocks this week. Churchill Mining PLC announced last week that it has signed a 30-year thermal coal supply agreement with an Indonesian power utility company which will see it deliver coal at an initial rate of about 840,000 tonnes a year.

Top 10 Buys
1 Tesco
2 Churchill Mining
3 Partygaming
4 BIFFA
5 Tanfield Group
6 Glaxosmithkline
7 Jessops
8 Eurotunnel PLC/SA
9 British Airways
10 Royal Bank of Scotland Group


Top 10 Sells
1 Vodafone Group
2
3 Tanfield Group
4 Barclays
5 Lloyds TSB
6 Partygaming
7 Imperial Chemical Industries
8 Tullow Oil
9 Bradford & Bingley
10 Legal & General GP


The Top Ten buys and sells are measured as the number of trades carried out in each stock over the previous 7 days.