Cup week is back again with the 2nd round, 64 teams entering and only 32 progressing to the next round… let’s see how they did.
The highest scorer this week was Melrose Industries with 6.26% (gain in the week) knocking out Smith & Nephew who recorded a 1.22% loss.
Next up was Entain knocking out AstraZeneca, 5.3% gain to a 1.5% loss. Entain benefitting from Covid rules relaxing and therefore an increase in customers, along with their recent interest in buying competition assets
Spirax-Sarco Engineering vs Johnson Matthey produced a high goal difference match with Spirax pulling out a 4.4% gain (thanks to guidance beating expectations) compared to Johnsons 3.4% loss. However the biggest loss of the week and biggest goal difference game was Intertek with -5.8% (the market responding negatively to news they are on-track with guidance) who were comfortably beaten by JD Sports Fashion who recorded a 3.6% gain.
IAG must be feeling hard done by after pulling out another positive result in the cup (2.89%) yet got knocked out by Pershing Square (3.77%).
Royal Dutch Shell B, who progressed through the first round with a bye, continued their bad season with the second biggest weekly loss at 3.49% allowing Whitbread to progress with thanks to their 3.26% gain.
Every cup has it’s upsets, and here are some of the shock results:
Auto Trader Group and Standard Life Aberdeen continue their underdog performances knocking out top seeds again this round. Auto Trader took out Anglo American in the first round and now National Grid, while Standard Life knocked out BHP in the last round and British American Tobacco this round.
Auto Trader will have to do it again in the 3rd round as they face HSBC, while Standard Life have been drawn lower seeded Flutter Entertainment.
Halma faced Reckitt Benckiser in what was their first game of the cup after both had byes in the first round. And Halma ended up in top knocking out FTSE20 Reckitt 2% to -2.3%.
In an all out, initials only, FTSE20 battle, HSBC beat BP 3.7% to -1.6%.
While Prudential took out Unilever proving their dominance in the league and cup over their opposition.
What can SMEs take from this weeks movements?
Timing is everything!
The same lesson as round 1, but this time with a view to guidance, forecasts and results. Make sure you know your 5 year plan, 2 year plan, 1 year plan and ensure you are hitting the right results (scoring your goals) at the right time for your plans.
First Round Scores
- Persimmon 2.2% vs Severn Trent -2.4%
- Avast 3.8% vs Pearson -0.8%
- Associated British Foods 0.7% vs Ashtead Group 2.1%
- Polymetal 0% vs Hikma Pharma 0.7%
- Pershing Square 3.8% vs IAG 2.9%
- WPP 0.3% vs InterContinental 1.8%
- Flutter Entertainment 2.3% vs Pennon 0.1%
- British American Tobacco -1.7% vs Standard Life Aberdeen 2.9%
- Segro 1.1% vs BT Group -0.6%
- Rio Tinto PLC 1.9% vs BAE Systems 1.3%
- Auto Trader Group Plc -0.1% vs National Grid -0.5%
- BP -1.6% vs HSBC 3.7%
- United Utilities -0.3% vs Evraz -1.3%
- JD Sports Fashion 3.6% vs Intertek -5.8%
- 3I Group -1.1% vs Lloyds Banking 2.7%
- Glencore 4.2% vs NatWest Group 2.6%
- Royal Dutch Shell B -3.5% vs Whitbread 3.3%
- Melrose Industries 6.3% vs Smith & Nephew -1.2%
- Kingfisher 1% vs Legal & General 2.4%
- Informa 2.8% vs Berkeley 0.3%
- Prudential 2.1% vs Unilever -1.8%
- Rentokil -1.5% vs Hargreaves Lansdown -0.8%
- British Land Company -2.4% vs Vodafone Group PLC 1.2%
- M&G 1.9% vs DCC -3.2%
- Spirax-Sarco Engineering 4.4% vs Johnson Matthey -3.4%
- Entain 5.3% vs AstraZeneca -1.5%
- Aviva 3% vs Barratt Developments -0.6%
- Reckitt Benckiser -2.3% vs Halma 2%
- Next 2.3% vs Smurfit Kappa 0.9%
- St. James’s Place 1.4% vs Standard Chartered 1.1%
- GlaxoSmithKline -1.1% vs SSE 0.8%
- Intermediate Capital 1.9% vs CRH 3%
Third round fixtures – end of June
- Persimmon vs Avast
- Ashtead Group vs Hikma Pharma
- Pershing Square vs InterContinental
- Flutter Entertainment vs Standard Life Aberdeen
- Segro vs Rio Tinto PLC
- Auto Trader Group Plc vs HSBC
- United Utilities vs JD Sports Fashion
- Lloyds Banking vs Glencore
- Whitbread vs Melrose Industries
- Legal & General vs Informa
- Prudential vs Hargreaves Lansdown
- Vodafone Group PLC vs M&G
- Spirax-Sarco Engineering vs Entain
- Aviva vs Halma
- Next vs St. James’s Place
- SSE vs CRH
Who is going to go all the way?
Let us know in the comments.
Until next week.