Equities

Why I’m buying into SolGold’s spectacular ascent

Why I’m buying into SolGold’s spectacular ascent

2 mins. to read

My taking a profit on a small proportion of my stake in SolGold after its spurt to 12p following Newcrest International’s offer to buy 10% at 6p per share is looking silly now that the shares are touching 18p – after what looks like a mini-buying stampede today. And after dithering when to get back…

What the European Bank Stress Tests Don’t Tell Investors

What the European Bank Stress Tests Don’t Tell Investors

9 mins. to read

European bank stocks have fallen to historically low multiples. The earnings outlook is uncertain and the banking environment is in flux. Tighter regulation, coordinated at the EU level, and challenging market conditions have forced banks to refine their business models and strategies – but all this has impacted their Return on Capital. European banks are…

ONS data could be masking the full implications of Brexit

ONS data could be masking the full implications of Brexit

4 mins. to read

Investors should not assume we have seen the full implications of the UK decision to go it alone. Like history, the future is another country; they do things differently there. One of the useful things taught in economics, is to distinguish between the ‘short term’ and the ‘long term’. John Maynard Keynes (whose wisdom has…

Morrisons: Leaner and meaner after turnaround

Morrisons: Leaner and meaner after turnaround

4 mins. to read

Wm. Morrison was a buy! You heard that message here last month ahead of these first-half results, and in the face of a massive uncovered bear position. (Clearly, too many hedge fund managers shop at Harrods and not Morrisons!) The grocer has managed to keep its customers happy, and the share price has responded in kind.…

Invest in the Best with “Buffettology” – A book review

Invest in the Best with “Buffettology” – A book review

1 mins. to read

There are scores of books for sale about the life, successes and investment philosophies of Warren Buffett. A quick search in the book section on amazon.co.uk for the Sage of Ohama’s name brings up no less than 5,591 relevant results. From classic read The Snowball, to collections of his timeless shareholder letters, along with hundreds…

Is L&G the best dividend stock in the FTSE right now?

Is L&G the best dividend stock in the FTSE right now?

1 mins. to read

Most of the time, when a stock has a dividend yield which is significantly higher than the market average there’s a good chance the dividend is about to be cut or suspended. It happened recently to BHP Billiton and Rio Tinto, although perhaps that is understandable since both are highly cyclical companies. It can also…

Weir Group recovery to pump-up returns

Weir Group recovery to pump-up returns

4 mins. to read

I had started this rummage in the hope of finding an underpriced investment. What I have discovered is a fairly valued share with, up until now, strong upward momentum, which seems to be coming back to its established trend support at around 1,500p. If the price does bounce from there it supports the view that…

Why and how to invest in India

Why and how to invest in India

11 mins. to read

Summary – India is starting to represent the new breed of high-growth emerging market, as Indian GDP grew by 7.5% in 2015, outpacing Chinese GDP growth (6.0%) for the first time. – While China has spent the past several years developing infrastructure and reaping the economic growth benefits of an emerging middle class, it is…

The UK equity market early autumn 2016?

The UK equity market early autumn 2016?

4 mins. to read

Does one chase this market into the mist and mellow fruitfulness of September or are most of the blackberries gone leaving only the thorns? According to the FTSE Actuaries Share Indices published by the Financial Times last week, the FTSE100 Index was valued at nearly forty times earnings and on a dividend yield of 3.7…