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Top Ten Retail Investor Buys & Sells for week ending 17 August 2007

17th August 2007 Print
Angus Rigby, Chief Executive Officer, TD Waterhouse, commented: Mortgage lender HBOS is popular amongst retail investors this week despite a slide in share price in recent days and a wider-sell off in bank stocks this week. Share price in HBOS hit annual lows of below 860p per share yesterday following news that the Company had shelved plans to bid for urban redeveloper Quintain, a month after it revealed an interest in the Company.

Turbulence in the credit markets have been dismissed by many as being the reason behind HBOS’ withdrawal, though our customers appear upbeat on the stock, perhaps spurred on by the possibility that HBOS could reinstate its bid for Quintain in six months under Takeover Panel rules, when credit markets may have improved. Investors may also seem to be reassured by the Company’s recent board reshuffle which, last week saw the appointment of a new chief operating officer and the return of the company’s former finance director to his former role.

Elsewhere this week, investor confidence in BP falters this week. Share price in the Company has been on a downward spiral since mid-July, down over 12 percent month on month, after renewed criticism over safety procedures when a fire broke out earlier this month at its Prudhoe Bay operations in Alaska.

TD Waterhouse Top Ten Retail Investor Buys & Sells for week ending 17 August 2007

Top 10 Buys
1 Barclays
2 Royal Bank of Scotland
3 Northern Rock
4 Lloyds TSB Group
5 HBOS
6 Partygaming
7 BT Group
8 Carter & Carter
9 BHP Billiton PLC
10 British Airways

Top 10 Sells
1 Royal Bank of Scotland
2 Vodafone Group
3 Barclays
4 Tanfield Group
5 Carter & Carter
6 Partygaming
7 BHP Billiton
8 Lloyds TSB Group
9 BT Group
10 BP

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