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
2,431.00p
12:05 19/04/24
Assura
40.46p
12:04 19/04/24
Balfour Beatty
356.40p
12:05 19/04/24
BEL 20
3,808.44
18:07 22/01/21
Berkeley Group Holdings (The)
4,554.00p
12:05 19/04/24
Brewin Dolphin Holdings
515.00p
16:34 26/09/22
British Land Company
377.80p
12:04 19/04/24
Construction & Materials
9,462.13
12:04 19/04/24
Electronic & Electrical Equipment
9,467.21
11:44 19/04/24
Ferguson
16,810.00p
12:04 19/04/24
Financial Services
14,075.96
12:04 19/04/24
Food Producers & Processors
7,584.64
12:04 19/04/24
FTSE 100
7,831.84
12:05 19/04/24
FTSE 250
19,278.54
12:05 19/04/24
FTSE 350
4,307.26
12:05 19/04/24
FTSE AIM 100
3,567.86
12:05 19/04/24
FTSE AIM 50
3,901.09
12:05 19/04/24
FTSE AIM All-Share
741.24
12:05 19/04/24
FTSE All-Share
4,263.55
12:05 19/04/24
FTSE Small Cap
6,325.58
12:05 19/04/24
General Retailers
3,840.08
11:54 19/04/24
Genus
1,716.00p
11:49 19/04/24
Hays
90.15p
12:05 19/04/24
Health Care Equipment & Services
11,808.85
11:50 19/04/24
Household Goods & Home Construction
12,246.40
12:04 19/04/24
ICAP
469.70p
17:09 14/12/16
Industrial Engineering
13,524.72
11:59 19/04/24
ITV
68.90p
12:05 19/04/24
Jimmy Choo
230.00p
16:30 30/10/17
Laird
199.90p
08:43 29/06/18
Land Securities Group
629.50p
12:05 19/04/24
Lookers
129.80p
16:39 06/10/23
Mcbride
104.50p
11:25 19/04/24
Media
11,713.39
12:00 19/04/24
Melrose Industries
623.20p
12:05 19/04/24
MJ Gleeson
496.00p
11:49 19/04/24
ONTEX GROUP
€8.97
18:06 22/01/21
Personal Goods
15,504.25
12:00 19/04/24
Pharmaceuticals & Biotechnology
21,045.16
12:05 19/04/24
Playtech
435.00p
12:04 19/04/24
Plus500 Ltd (DI)
2,110.00p
12:04 19/04/24
Primary Health Properties
91.15p
12:05 19/04/24
Real Estate Investment Trusts
2,199.09
12:00 19/04/24
Rightmove
506.40p
12:05 19/04/24
Software & Computer Services
2,337.89
12:04 19/04/24
Spectris
3,140.00p
12:05 19/04/24
Staffline Group
29.75p
11:09 17/04/24
Support Services
10,374.86
12:04 19/04/24
Tate & Lyle
639.00p
12:04 19/04/24
Technology Hardware & Equipment
1,920.18
16:30 11/04/24
Travel & Leisure
7,461.88
12:05 19/04/24
Vertu Motors
64.30p
11:49 19/04/24
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).