Latest

Read more
How will the Carillion collapse affect listed infrastructure funds?

How will the Carillion collapse affect listed infrastructure funds?

By Nick Sudbury

2 mins. to read

Two funds operating in the listed infrastructure sector have announced that they have significant exposure to Carillion through the subcontracting of facilities management services on Private Finance Initiative (PFI) projects and public-private partnerships (PPP). They have recently provided details about how they will be affected by the compulsory liquidation of the company. The biggest potential…

Boeing is flying high but SpaceX has lofty ambitions

Boeing is flying high but SpaceX has lofty ambitions

By Victor Hill

13 mins. to read

In the global airframe manufacturing duopoly that is Airbus versus Boeing, the balance of advantage has unexpectedly shifted towards Boeing. But maybe they should both be worried about SpaceX. Airbus saves Bombardier On 06 November last year I wrote in these pages that the October deal between Airbus (EPA:AIR) and Bombardier (TSE:BBD) whereby Airbus would…

Evil Knievel

Evil Diaries

Read more
Capita looks vulnerable in the wake of Carillion’s collapse

Capita looks vulnerable in the wake of Carillion’s collapse

By Evil Knievil

0 mins. to read

At this stage nobody knows how much wreckage will emerge from the liquidation of Carillion (LON:CLLN). But far-sighted hedgies are looking at what could go on at Capita (LON:CPI). Here, at 397p, CPI is capitalised at £2,650 million as against tangible net liabilities of £3,200 million. This is too much of a gap and, were…

Carillion and Caribbean Investment Holdings

Carillion and Caribbean Investment Holdings

By Evil Knievil

1 mins. to read

I was told perhaps nine years ago that Carillion’s (LON:CLLN) accounting was highly questionable. And by no means was I alone. The surprise is that it has taken so long for all this and its effect to emerge. I hope HMG’s lawyers have been sensible when entering into contract with CLLN to ensure HMG’s losses…

Equities

Read more
Boeing is flying high but SpaceX has lofty ambitions

Boeing is flying high but SpaceX has lofty ambitions

By Victor Hill

13 mins. to read

In the global airframe manufacturing duopoly that is Airbus versus Boeing, the balance of advantage has unexpectedly shifted towards Boeing. But maybe they should both be worried about SpaceX. Airbus saves Bombardier On 06 November last year I wrote in these pages that the October deal between Airbus (EPA:AIR) and Bombardier (TSE:BBD) whereby Airbus would…

3 income stocks to replace politically-challenged utility shares

3 income stocks to replace politically-challenged utility shares

By Robert Stephens, CFA

2 mins. to read

Investing in utility shares has been a popular means for investors to generate a high, dependable income which generally rises with inflation. At the moment, it is still possible to obtain two of those aspects from the utility sector, but the ‘dependable’ part may no longer be applicable. The reason for this is the rise…

Trading

Read more
How to know when to sell

How to know when to sell

By David Jones

7 mins. to read

The novice investor or trader often obsesses about where to get into a trade or investment and may spend much time trying to refine this process. Indeed there is a whole industry around  the perfect entry signal; buy now or miss out on massive gains, XYZ share cannot go any lower… Of course, we all…

How to trade breakouts: buying into strength

How to trade breakouts: buying into strength

By David Jones

7 mins. to read

Last month saw some interesting statistics concerning the US stock market. Unless you have been living in a cave in recent years, you will be aware that the major US indices have continually pushed to fresh all-time highs. The latest leg higher within that multiyear trend started after the US election last year – markets…

Economics & Markets

Read more
The only 2 words you need to know in 2018

The only 2 words you need to know in 2018

By Tim Price

7 mins. to read

To Benjamin Braddock (Dustin Hoffman in Mike Nichols’ film The Graduate), the well-meant one-word piece of advice was “plastics”. To the godfather of value investing, Benjamin Graham, the well-meant three word piece of financial advice was “margin of safety” – and that one happens to have lasted the test of time. Faced with the challenge…

Unemployment in Emerging Markets should not spook investors

Unemployment in Emerging Markets should not spook investors

By Victor Hill

13 mins. to read

Developing countries like Kenya tend to have shockingly high rates of unemployment. But that should not deter investors – rather it is a sign of potential. Worrying numbers When I wrote last week that Kenya has an unemployment rate of 38 percent, a number of colleagues questioned that figure. How could it possibly be so…

Commodities

Read more
Why I’d rather buy these 2 gold miners than bitcoin

Why I’d rather buy these 2 gold miners than bitcoin

By Robert Stephens, CFA

2 mins. to read

The rise of bitcoin this year has taken all but its most ardent supporters by surprise. The virtual currency has risen by as much as 17x since the start of the year, with it passing $17,000 for the first time this week. While it could move higher in the short term, ultimately it appears to…

Funds to profit from rising or falling commodity prices

Funds to profit from rising or falling commodity prices

By Nick Sudbury

2 mins. to read

If there is one area that divides opinion more than most it is commodities. Some investors think that we are entering a new bull market and that now is the perfect time to buy, whereas others are sceptical and remain bearish. Whatever your view there is no doubt that it has been a difficult time…

Funds & Investment Trusts

Read more
How will the Carillion collapse affect listed infrastructure funds?

How will the Carillion collapse affect listed infrastructure funds?

By Nick Sudbury

2 mins. to read

Two funds operating in the listed infrastructure sector have announced that they have significant exposure to Carillion through the subcontracting of facilities management services on Private Finance Initiative (PFI) projects and public-private partnerships (PPP). They have recently provided details about how they will be affected by the compulsory liquidation of the company. The biggest potential…

How to prepare for the end of the bond bull market

How to prepare for the end of the bond bull market

By Nick Sudbury

2 mins. to read

Traditionally investors have been able to diversify fairly simply by using a mixture of bonds and equities, but with the world’s central banks starting to reduce liquidity there is a good chance that both asset classes will weaken in unison. Many alternatives also look vulnerable, which creates a major challenge for fund investors who want…

Brexit

Read more
Trump, Trade, Tariffs and Theresa
a katz / Shutterstock.com; Frederic Legrand - COMEO / Shutterstock.com

Trump, Trade, Tariffs and Theresa

By Victor Hill

11 mins. to read

As a hard or crash Brexit edges closer, it now seems there is no binary option between the EU Customs Union and WTO rules. The Americans are not making things any easier for the UK. Why would they? The truth behind the Bombardier dispute revealed In 2007 the Canadian aerospace company Bombardier (TSE:BBD.A) announced plans…

£350 million a week? Who’s lying?

£350 million a week? Who’s lying?

By Victor Hill

12 mins. to read

Last weekend, in his 4,000 word essay on Brexit in the Daily Telegraph, Foreign Secretary Boris Johnson resurrected the claim, much touted during the Brexit referendum, that the UK pays Brussels £350 million every week. This prompted howls of protest from the mainstream media and even from the head of the Office of National Statistics.…