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The Best and Worst Performers after Brexit

By Nick Sudbury

The surprise result of the EU referendum sent shockwaves through the financial markets and created a huge amount of volatility. You would normally expect a diversified fund to be relatively immune to this sort of turbulence, but there have been some huge price swings with double digit gains and losses in some of the most…

Chart of the Day: Purplebricks

By Zak Mir

I am not sure whether the two Purplebricks “experts” on the home page of its website necessarily sell the concept or the company to me, but it is probably the case that in a buoyant housing market this does not really matter. What may matter more is whether the share price rebounds from the present…

Evil Knievel

Evil Diaries

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The Evil Diaries: Baillie Gifford Shin, Bowleven and Phosphorus

The Evil Diaries: Baillie Gifford Shin, Bowleven and Phosphorus

By Evil Knievil

As it happens I sold my family’s Baillie Gifford Shin (BGS), a Japanese equities investment trust, about four weeks ago. I have heard it claimed that the trend of dividends in Japan is so strong that Japanese equities will not go down. But in what currency will they be paid? The following clip (40 minutes,…

The Evil Diaries: Phosphorus Bonds and William Hill

The Evil Diaries: Phosphorus Bonds and William Hill

By Evil Knievil

Rather more than a year ago I here considered Phosphorus bonds. These were issued by that company which itself served as a holding company for Phones4U. Shortly after the £200m fundraise that very sum was sent up to its very own holding company BC Partners. And not long after that the entire structure collapsed. Even…

Equities

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Brexit Puts a Shine on the Goldies – But Will It Last?

Brexit Puts a Shine on the Goldies – But Will It Last?

By John Cornford

Scotgold Resources (LON:SGZ) When I wrote up Scotgold back in November, it was to highlight how constant share dilution is ‘hidden’ from investors in the only charts available to them – i.e. the share price. When a company’s fundamentals haven’t changed, it’s the market cap that indicates whether or not its value per share has…

Is It Time to Take Profits at Rio Tinto?

Is It Time to Take Profits at Rio Tinto?

By Robert Sutherland Smith

Rio at 2,458p (last seen) has a lot of room for a share price pull back. Finding cash for investment and dividends must be a struggle.  Rio Tinto (LON:RIO), the largely iron ore and copper mining stock, may be in the process of a long recovery but it nevertheless has scope for a big, within trend, downward…

Trading

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Chart of the Day: Purplebricks

Chart of the Day: Purplebricks

By Zak Mir

I am not sure whether the two Purplebricks “experts” on the home page of its website necessarily sell the concept or the company to me, but it is probably the case that in a buoyant housing market this does not really matter. What may matter more is whether the share price rebounds from the present…

Chart of the Day: William Hill

Chart of the Day: William Hill

By Zak Mir

A few weeks ago I bought a pair of glasses at Poundland (for £1, of course), but would have been better off not going to Specsavers and buying the shares as the company received a takeover approach. In the case of William Hill, taking a punt on the share price looks to be a better…

Economics & Markets

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The Storm Clouds Are Gathering

The Storm Clouds Are Gathering

By Victor Hill

If you have any exposure to the major (or indeed minor) European bourses, prepare for turbulence. 2016 (with an epilogue in 2017) could turn out to be another 1848. That was the year that virtually every major European state succumbed to revolution, and the continent, as Karl Marx observed, passed into a new era. Storm…

Sherlock Homes & the Mystery of Rising Debt & Falling Rates

Sherlock Homes & the Mystery of Rising Debt & Falling Rates

By Victor Hill

A dialogue between the Master and his trusty sidekick, Dr Watson, at 221B Baker Street, unpacks the most intriguing paradox in contemporary economics. Rising government debt levels should drive interest rates higher. Instead, interest rates are plunging to zero and below. As Holmes explains, our ultimate fate might be in the hands of an evil…

Commodities

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Brexit Puts a Shine on the Goldies – But Will It Last?

Brexit Puts a Shine on the Goldies – But Will It Last?

By John Cornford

Scotgold Resources (LON:SGZ) When I wrote up Scotgold back in November, it was to highlight how constant share dilution is ‘hidden’ from investors in the only charts available to them – i.e. the share price. When a company’s fundamentals haven’t changed, it’s the market cap that indicates whether or not its value per share has…

Is Kibo Mining’s Joint Venture All It’s Cracked up to Be?

Is Kibo Mining’s Joint Venture All It’s Cracked up to Be?

By John Cornford

I promised to update on Kibo Mining when it published details of its joint venture with an adjacent gold miner to monetise its gold assets in Tanzania’s Lake Victoria gold fields – in order to add to whatever value emerges in its Mbeya coal to power station project. Hiving off parts of a company is…

Funds & Investment Trusts

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The Best and Worst Performers after Brexit

The Best and Worst Performers after Brexit

By Nick Sudbury

The surprise result of the EU referendum sent shockwaves through the financial markets and created a huge amount of volatility. You would normally expect a diversified fund to be relatively immune to this sort of turbulence, but there have been some huge price swings with double digit gains and losses in some of the most…

The Fund That Pays a Monthly Income and Yields 4.7%

The Fund That Pays a Monthly Income and Yields 4.7%

By Nick Sudbury

Income investors who rely to a large extent on the money generated from their portfolio would want to achieve a regular stream of receipts that they could use to meet their normal outgoings. The easiest way to do this would be to invest in funds that pay a monthly income. A good example is Premier…

Brexit

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Jim Mellon’s Brexit Playbook

Jim Mellon’s Brexit Playbook

By Jim Mellon

This is a piece written by Jim for our friends at the Milken Institute, who were generous enough to allow us to reproduce it here.  Two weeks ago, I pulled my first all-nighter since I was 18. The news that the side I supported—those urging the United Kingdom to leave the European Union—had won the…

The Global Funds Least Exposed to Brexit

The Global Funds Least Exposed to Brexit

By Nick Sudbury

There have been some massive winners and losers since the result of the EU referendum was announced on June 24th. The main casualties have been UK-listed companies exposed to the domestic economy and their European counterparts, with the biggest beneficiaries being international businesses with dollar denominated earnings. It is highly likely that the political and…