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…
BAT’s sales and earnings are on the rise again. However, the shares are full of profit given that the share price has risen by a third over the last year. By past standards the shares do not look particularly cheap. Last year’s dividend yield is only 3.1%, and this year’s and next are estimated at 3.3% and 3.5% respectively. I judge the shares a ‘hold’…
With the half-year to end July now over, the Wm. Morrison share price (192p last seen) has behaved robustly. The company which a year ago looked too highly geared and devoid of ideas seems to have put its house in order. Morrisons has found its own way back to hope and credibility. The shares strike me as…
As seen in Master Investor Magazine Some of the biggest gainers from the UK’s decision to leave the EU were internationally-focused consumer defensive stocks. This comes on the back of what has already been a multi-year bull run for consumer defensives as investors look for low risk yield in a post financial crisis world. Like…
I’m not really a bank investor but when everybody is pessimistic about European banks, the alarm bells ring in my head and I’m tempted to oppose the herd. If there’s profits to be made, it is often via the ugly improving to just bad and not so much via the good improving to even better.…
Bad news at Phase III: a potential buy on share price weakness. Following Post Brexit sterling weakness, foreign takeover prospects prevent it from being the obvious sell it might otherwise be. The sterling value of the abortive Pfizer bid at 5,500p is now, after devaluation of the pound, worth a notional 6,000p. Astra Zeneca looks,…
Are we entering a “new normal” in asset valuations? In an interesting recent piece in the Telegraph, Tom Stevenson, investment director at Fidelity Worldwide, suggested that the current trend for central bank negative interest rate policies (NIRP) that we are seeing across the globe – and their subsequent impact on rising equity values – could…
Centrica’s cash position has improved markedly suggesting that the current prospective dividend yield at an estimated 5.3% looks sustainable. There is also the support of a significant net asset backing for the shares. For those seeking income, Centrica looks like a dividend stock to accumulate at these levels. To most of us, Centrica presents a…
Over the past decade or so the internet has transformed the way in which we consume news, with readers moving away from the traditional “deadwood” press towards digital media. The chart below shows how the circulations of some major newspapers have been hit, with only the Evening Standard seeing a rise in circulation over the…
As seen in the latest issue of Master Investor Magazine At 14:46 on Friday 11th March 2011, the Tohuku earthquake – now sometimes referred to as the Great East Japan earthquake – struck off the east coast of Japan. At a magnitude of 9.0 (Mw) it was the most powerful earthquake ever recorded to have…
