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
2,217.00p
16:40 13/11/24
Assura
37.86p
17:15 13/11/24
Balfour Beatty
431.00p
17:15 13/11/24
BEL 20
4,213.02
18:07 22/01/21
Berkeley Group Holdings (The)
4,218.00p
17:15 13/11/24
Brewin Dolphin Holdings
515.00p
16:34 26/09/22
British Land Company
371.80p
17:15 13/11/24
Construction & Materials
12,300.31
17:14 13/11/24
Electronic & Electrical Equipment
9,610.97
17:14 13/11/24
Ferguson Enterprises Inc. (DI)
16,220.00p
16:40 13/11/24
Financial Services
16,554.54
17:14 13/11/24
Food Producers & Processors
8,073.22
17:14 13/11/24
FTSE 100
8,030.33
17:15 13/11/24
FTSE 250
20,359.21
17:14 13/11/24
FTSE 350
4,434.70
17:14 13/11/24
FTSE AIM 100
3,521.01
16:44 13/11/24
FTSE AIM 50
3,955.86
16:44 13/11/24
FTSE AIM All-Share
729.29
16:50 13/11/24
FTSE All-Share
4,392.88
16:44 13/11/24
FTSE Small Cap
6,750.05
17:14 13/11/24
General Retailers
4,594.42
17:14 13/11/24
Genus
1,776.00p
16:40 13/11/24
Hays
77.10p
16:40 13/11/24
Health Care Equipment & Services
10,240.67
17:14 13/11/24
Household Goods & Home Construction
11,273.19
17:14 13/11/24
ICAP
469.70p
17:09 14/12/16
Industrial Engineering
11,694.31
17:14 13/11/24
ITV
61.85p
16:40 13/11/24
Jimmy Choo
230.00p
16:30 30/10/17
Laird
199.90p
08:43 29/06/18
Land Securities Group
571.00p
17:15 13/11/24
Lookers
129.80p
16:39 06/10/23
Mcbride
99.00p
16:40 13/11/24
Media
12,707.56
17:14 13/11/24
Melrose Industries
516.20p
16:40 13/11/24
MJ Gleeson
560.00p
17:15 13/11/24
ONTEX GROUP
€7.32
18:06 22/01/21
Personal Goods
11,862.33
17:14 13/11/24
Pharmaceuticals & Biotechnology
19,607.01
17:14 13/11/24
Playtech
725.00p
16:34 13/11/24
Plus500 Ltd (DI)
2,352.00p
16:45 13/11/24
Primary Health Properties
92.50p
16:45 13/11/24
Real Estate Investment Trusts
2,103.00
17:14 13/11/24
Rightmove
593.00p
16:39 13/11/24
Software & Computer Services
2,462.89
17:14 13/11/24
Spectris
2,478.00p
16:34 13/11/24
Staffline Group
28.70p
12:49 13/11/24
Support Services
11,078.49
17:14 13/11/24
Tate & Lyle
762.50p
16:40 13/11/24
Technology Hardware & Equipment
1,920.18
16:30 25/09/24
Travel & Leisure
8,574.93
17:14 13/11/24
Vertu Motors
62.00p
16:40 13/11/24
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).