The Prudential Corporation (PRU), 1,277p last seen, has a growing long-term global life assurance business with its largest contribution to premium income and profits coming from the Far East and the US. With the Far East under a Chinese black cloud, the previously highly rated shares have taken a relative and absolute tumble. It looks…
One of the things that I find most irritating about the beliefs of some of those on the further outreaches of modern right-wing political belief is their habit of confusing democracy with capitalism. I can understand why they do it: consumption is for people and democracy is the people; therefore, capitalism satisfies the economic needs…
Rio Tinto (RIO) at 1724p, after the annual production figures. Could the market be considerably under-valuing Rio Tinto because it is too bearish about its cash position? I explain here why that may be the case. The Rio Tinto (RIO) share price (1724p last seen) gives a historic annual dividend yield of around 8.7% (at…
British Land shares at 727p (last seen) after the third-quarter results. The latest balance sheet asset position along with a meaningful and progressive dividend yield make British Land Shares look attractive. British Land (BLND) shares were unable to resist the gravitational downswing of the market as a whole. This is an unsurprising fact given that the…
The Chancellor talked of a new, unwelcome economic cocktail the other week. His message was to warn us that the contents may not be good for our economic health and his own budgetary predictions. It was all a bit like an Agatha Christie ‘who dunnit?!’ Now trimmer and more elegant-looking (as a result of fasting…
The Ghost of Christmas Past I see that a year ago my note on Tesco contained the following observation: “Cutting the dividend has helped to push the share price northwards. That is because the market clearly sees it as a welcome sign of balance and better judgement by the new Tesco management in setting priorities.…
One should always listen to stock markets; they can tell you things. But in the case of Chinese stock markets it is different. If one thing remains the same in this changing world, it appears to be that things Chinese remain inscrutable to Western eyes. The Chinese stock market collapses, but the empirical evidence for…
William Morrison (MRW) at 165p after the Christmas trading statement. The management’s performance is attractively successful and confident. Trading over Christmas was far better than expected. I shall watch to see if the share price breaks out of this year’s downtrend. It looks close to doing so. The William Morrison (MRW) share price may have…
Marks & Spencer at 439p (last seen) after Q3 results. Food, glorious food, but inglorious general merchandising. Operationally, an improved performance. My view: watch and wait to buy. Marks & Spencer (MKS) results, when they come, have the problem of being viewed mainly in relation to one aspect of its business mix – that is…
I offer an updated view of Royal Mail (RMG) equity after the share price bounces 10% from its recent low. The shares look attractive with an above average dividend yield and a fair valuation of estimated earnings. I note that the Royal Mail Group (RMG) has rallied ten per cent this month – an occasion…
