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Headlines like a weak pound helped shield UK investors in Q3 and most top tips are HOLD or BUY this week at Stockomendation.

1. TPXimpact Holdings

Top interesting tip this week was AVOID TPXimpact Holdings by Steve Moore in ShareProphets with a tip performance of 27%.

TPX fell off a cliff on 29 September after a profit warning and at the same time announcement of new CEO & CFO who will replace the founders.

TPX opened at 82.5p in 2018 and flew steadily up to an all-time high of 300p in pandemic-stricken 2021 but has lost ground sharply since the announcement last week.

The digital transformation company said that profit was lower than expected in Q1 due to an attempt at growth by suddenly restructuring teams and said it underestimated the impact on its people.

Steve reflected that the purchase of 268,000 shares by insiders as a possible confidence trick and quips that the “digital transformation provider seems to be struggling with its own transformation.” Touche!

2. First Class Metals

Second interesting top tip this week was BUY First Class Metals by First Equity with a tip performance of 8%.

This tip is as uncomplicated as it gets! The Lancashire metals company announced a new Gold project in Ontario project on Tuesday after which it closed 7% up at 13p. It said the Sunbeam project made up of three mines – Sunbeam, Roy and Pettigrew – is underexplored and holds significant reserves.

We can see Nuinsco Resources announced an option agreement with First Class Metals around the same time to expand the project.

First Class Metals opened at 10.75p and is at its all-time high today of 13.94p.

3. AIB Group

Third interesting top tip this week is a BUY AIB Group by Goldman Sachs with a tip performance of 7%.

This Irish bank has laboured along since opening at 442p in 2017 to 232p today. It was bailed out by the Irish Government between 2009 and 2011.

The Irish Government issued a share trading plan that was initially set to run for 6 months starting in Jan 2022. It was paused on 28 June 2022 and extended to Jan 2023 – giving the bank more time to comply, reducing the risk of default. The share trading plan was resumed on Friday: Goldman raised its price target to 3.50 Euros on 5 October and shares were up 3.9%.

Fitch affirmed its BBB rating on the bank earlier this month.

The fact is nobody knows what will happen next except next week’s top share pickers. Follow Professional Share pickers, analysts and brokers on Stockomendation and see what the UK best amateur stock pickers are picking in the UK Share Picking Game.

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Disclaimer: The contents of this article should not be considered financial advice. Pricing data correct as at 6th October 2022..