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Alpha: Phil Oakley's shares round-up 20 September

This week, Phil's round-up includes something of a rarity: a house builder share he likes!
September 20, 2019

Despite all the concerns about slowing growth in the world economy, share prices are holding up very well. At the time of writing, the markets had even shrugged off a spike in the repo rate. My take on what this may signal is included in this week's round-up but it's not panic stations for now.  

In the rest of the report, I discuss B&Q and Screwfix owner Kingfisher (KGF); give my view on energy company SSE (SSE) and the disposal - subject to regulatory approval - of its troublesome energy supply business; and I explain why I'm cautious about retailer Next (NXT) despite its impressive profitability. 

Despite my firm dislike of the way Help to Buy has distorted the market for house builder companies, I can find plenty to like about MJ Gleeson (GLE). Finally, although I think JD Wetherspoon (JDW) is the best business in the pub sector, I explain why I think the shares offer less value than a pint at one of its pubs. 

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