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
2,237.00p
17:00 20/09/24
Assura
41.92p
17:15 20/09/24
Balfour Beatty
432.40p
17:15 20/09/24
BEL 20
4,215.59
18:07 22/01/21
Berkeley Group Holdings (The)
4,897.00p
17:15 20/09/24
Brewin Dolphin Holdings
515.00p
16:34 26/09/22
British Land Company
448.20p
17:15 20/09/24
Construction & Materials
12,116.70
16:49 20/09/24
Electronic & Electrical Equipment
10,005.86
16:49 20/09/24
Ferguson Enterprises Inc. (DI)
15,120.00p
17:15 20/09/24
Financial Services
16,083.77
16:49 20/09/24
Food Producers & Processors
7,710.47
16:49 20/09/24
FTSE 100
8,229.99
17:14 20/09/24
FTSE 250
20,831.84
16:39 20/09/24
FTSE 350
4,543.89
16:49 20/09/24
FTSE AIM 100
3,599.05
17:04 20/09/24
FTSE AIM 50
4,033.12
17:04 20/09/24
FTSE AIM All-Share
745.62
17:04 20/09/24
FTSE All-Share
4,501.08
17:04 20/09/24
FTSE Small Cap
6,919.17
16:49 20/09/24
General Retailers
4,233.04
16:49 20/09/24
Genus
1,846.00p
17:15 20/09/24
Hays
93.80p
16:40 20/09/24
Health Care Equipment & Services
11,119.80
16:49 20/09/24
Household Goods & Home Construction
14,711.92
16:49 20/09/24
ICAP
469.70p
17:09 14/12/16
Industrial Engineering
12,222.42
16:49 20/09/24
ITV
80.65p
16:54 20/09/24
Jimmy Choo
230.00p
16:30 30/10/17
Laird
199.90p
08:43 29/06/18
Land Securities Group
657.00p
17:15 20/09/24
Lookers
129.80p
16:39 06/10/23
Mcbride
115.00p
16:45 20/09/24
Media
12,658.57
16:49 20/09/24
Melrose Industries
466.10p
16:49 20/09/24
MJ Gleeson
592.00p
16:45 20/09/24
ONTEX GROUP
€8.69
18:06 22/01/21
Personal Goods
10,175.21
16:49 20/09/24
Pharmaceuticals & Biotechnology
22,415.97
16:49 20/09/24
Playtech
728.00p
16:40 20/09/24
Plus500 Ltd (DI)
2,512.00p
17:00 20/09/24
Primary Health Properties
100.90p
17:15 20/09/24
Real Estate Investment Trusts
2,414.36
16:49 20/09/24
Rightmove
674.40p
16:34 20/09/24
Software & Computer Services
2,475.08
16:49 20/09/24
Spectris
2,678.00p
16:40 20/09/24
Staffline Group
33.65p
14:34 19/09/24
Support Services
11,316.20
16:49 20/09/24
Tate & Lyle
662.00p
16:54 20/09/24
Technology Hardware & Equipment
1,920.18
16:30 13/09/24
Travel & Leisure
7,877.16
16:49 20/09/24
Vertu Motors
62.70p
16:40 20/09/24
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).