ITV, Wolseley are Liberum's top-picks in case of Bremain, Brexit
Depending on whether the UK finally decided to 'Remain' or 'Leave' then different London-listed securities were likelier to 'outperform' their respective sectors, Liberum said.
Associated British Foods
2,034.00p
10:50 06/01/25
Assura
38.04p
10:49 06/01/25
Balfour Beatty
455.40p
10:49 06/01/25
BEL 20
4,254.18
18:07 22/01/21
Berkeley Group Holdings (The)
3,834.00p
10:49 06/01/25
Brewin Dolphin Holdings
515.00p
16:34 26/09/22
British Land Company
360.00p
10:50 06/01/25
Construction & Materials
11,963.58
10:49 06/01/25
Electronic & Electrical Equipment
10,072.39
10:49 06/01/25
Ferguson Enterprises Inc. (DI)
14,080.00p
10:50 06/01/25
Financial Services
17,747.73
10:49 06/01/25
Food Producers & Processors
7,492.46
10:49 06/01/25
FTSE 100
8,211.10
10:50 06/01/25
FTSE 250
20,607.38
10:50 06/01/25
FTSE 350
4,529.09
10:50 06/01/25
FTSE AIM 100
3,497.61
10:50 06/01/25
FTSE AIM 50
3,879.51
10:50 06/01/25
FTSE AIM All-Share
727.30
10:50 06/01/25
FTSE All-Share
4,485.88
10:50 06/01/25
FTSE Small Cap
6,852.76
10:50 06/01/25
General Retailers
4,659.32
10:49 06/01/25
Genus
1,538.00p
10:44 06/01/25
Hays
79.00p
10:45 06/01/25
Health Care Equipment & Services
10,739.64
10:49 06/01/25
Household Goods & Home Construction
10,566.50
10:49 06/01/25
ICAP
469.70p
17:09 14/12/16
Industrial Engineering
12,304.61
10:49 06/01/25
ITV
72.60p
10:49 06/01/25
Jimmy Choo
230.00p
16:30 30/10/17
Laird
199.90p
08:43 29/06/18
Land Securities Group
577.00p
10:50 06/01/25
Lookers
129.80p
16:39 06/10/23
Mcbride
105.00p
10:29 06/01/25
Media
12,916.13
10:50 06/01/25
Melrose Industries
544.60p
10:49 06/01/25
MJ Gleeson
504.00p
10:29 06/01/25
ONTEX GROUP
€8.26
18:06 22/01/21
Personal Goods
15,345.34
10:49 06/01/25
Pharmaceuticals & Biotechnology
20,200.65
10:49 06/01/25
Playtech
708.00p
10:50 06/01/25
Plus500 Ltd (DI)
2,598.00p
10:44 06/01/25
Primary Health Properties
92.25p
10:50 06/01/25
Real Estate Investment Trusts
1,994.50
10:49 06/01/25
Rightmove
642.20p
10:50 06/01/25
Software & Computer Services
2,644.44
10:50 06/01/25
Spectris
2,502.00p
10:49 06/01/25
Staffline Group
24.00p
10:14 06/01/25
Support Services
10,589.79
10:50 06/01/25
Tate & Lyle
649.00p
10:49 06/01/25
Technology Hardware & Equipment
1,920.18
16:30 18/12/24
Travel & Leisure
8,998.78
10:49 06/01/25
Vertu Motors
59.80p
10:44 06/01/25
William Hill
271.80p
09:58 22/04/21
The broker's 'top-picks' under a 'Remain', 'Leave' and 'Either way' scenario were, ITV, Wolseley and Balfour Beatty, respectively.
By sectors, and in terms of valuation, Liberum saw Construction, Housebuilding and Leisure as "potential benefactors of the 'Remain' vote while Real Estate and Retail might prove vulnerable to Brexit, strategist Sebastian Jory said in a research note sent to clients.
"We are happy to own Pharma, Tech and Chemicals in the case of Brexit," he said.
Should Britons decide to 'Remain' then Jory told clients the following shares should put in a better performance than their individual sectors: Spectris (Capital goods), Ontex Group (Consumer staples), Brewin Dolphin (Diversified financials), Berkeley Group (Housebuilders), ITV (Media), Land Secutities/British Land (Real estate), Vertu Motors/Lookers (Retail), Staffline Group/Hays (Support services) and William Hill (Tech&Gaming).
In case of 'Leave' then the likeliest winners, relatively speaking at least, might be: Genus (Agriculture&Nutrition), Melrose Industries (Capital goods), Associated British Foods (Consumer staples), Plus 500 (Diversified financials), Wolseley (Housebuilders), Assura/Primary Health Properties (Real estate), Jimmy Choo (Retail) and Laird (Tech&Gaming).
Lastly, and for those looking to position themselves regardless of which way the voting finally went, Jory pointed out: Cranswick (Agriculture&Nutrition), Cobham (Capital goods), Tate&Lyle (Consumer staples), Icap (Diversified financials), MJ Gleeson (Housebuilders), Rightmove (Media), Shaftesbury (Real estate), Mc.Bride (Retail), Balfour Beatty (Support services) and Playtech (Tech&Gaming).