Some stock market domestic share capitalisations have come to suddenly resemble a war zone; a bit like the recent accounts of the Battle of Jutland during the First World War (before the EU) when great capital ships were there one moment and gone the next; in a vast explosive inferno of steel and flame sinking rapidly beneath the…
Rio Tinto (RIO) shares have come from being bombed out earlier this year to fair value. Any fragmenting of confidence in world economic recovery triggered by Brexit will surely depress the shares again? The time has come to have another butchers at Rio Tinto (Rio) after what Japanese pilots used to call a “Heavenly Wind”…
Dixon Carphone, at 335p last seen, after the results. The dividend yield is not high enough. In my opinion, this share is not for chasing at this stage. There are better targets amongst UK equities that are more international. Dixon Carphone results emerged in the cold dawn of the UK’s new Brexit world. They were…
Wolseley looks an appealing post Brexit play. Institutions looking for UK stocks in that sector with interests outside the UK will probably increase weightings. The cash and dividend position of the company improved greatly last year. These shares look good value and the technical position appears attractive. The Wolseley (LON:WOS) share price fell about 8…
Postscript Brexit observations… Tesco’s first-quarter results were good and encouraging. The Brexit vote will of course impact upon UK activities but we are reminded that Tesco still retains a now prospering overseas business which may possibly benefit from a weaker pound. The shares (last seen) have fallen 4 per cent to 161p. They remain good value on fundamentals, but Brexit…
The Prudential (PRU) at 1,309p.The chart is still trending down but the shares look good value on an estimated prospective annual dividend yield of 3.5 per cent and prospective PER of 10.2 times for next year. The dividend has grown at 10 per cent over the last five financial years and estimated growth this year…
Highly rated Unilever shares at 3,069p, having fallen from their April peak of 3,334p, begin to have dividend attractions. Unilever (ULVR) is a long established Anglo/Dutch company founded at the end of the 1930s when Lord Leverhulme (Sunlight Soap/Lifebuoy Soap) merged Lever Brothers with the Dutch van den Bergh company (Blue Band margarine). It has…
Staring hard at the Tesco share price charts does not make the equity look any more attractive in terms of absolute and relative share price momentum. Over the last year, Tesco shares have dropped 30 per cent whereas the FTSE100 Index has fallen by only 10 per cent. Over a six month perspective, Tesco shares…
I know a man who spends most nights in an opera house or recital hall. It strikes me as a bit of an odd pastime which tends to detach you from the hard reality of existence. But then, opera is life ‘with knobs on’; the phrase I once used as a lad when I had…
Royal Mail, at 532p following the last annual results to late March 2016 – and after the Ofcom report – looks attractive as a dividend stock, but one which seems a bit ahead of events. They rate, in my view, a ‘hold’ now and a ‘buy’ if they fall back on profit taking or ex…
