In my article for the October issue of Master Investor magazine, Smooth Operators, I looked at which investment trusts have the longest record of increasing their dividends. Leading the way was the City of London (CTY), which has recently published its Annual Report for the year ended 30th June 2015. The City of London Investment…
My longstanding colleague, Lucian Miers, notes that APR’s 17% shareholder GE (General Electric Co) is not named as party to a prospective bid for APR, whose assets are mostly what was GE’s power rental business and which APR acquired in 2013 for $314 m of which $250m was in APR paper valued at £10 per…
The FTSE 100 closed the day at 6,336.35, an increase of 10.19 points. The FTSE 250 fell by 101.60 points to finish at 17,031.22. The FTSE All Share climbed by 1.43 points to 3,471.25. The FTSE AIM All Share finished at 733.65, up by 0.10 points. Supermarket Tesco (TSCO) has reported that operating profits for…
I saw a sign for ‘recycling’ in my local supermarket. I followed it and all I found was a lot of bikes that you were permitted to ride to places you’d already been before. One of the most powerful aspects of TA is price charts going back where they’ve been before. Support and Resistance are…
It’s all very well SABMiller’s board turning down a bid from AB InBev of £42.15 since the price languishes at £36.55. I doubt the SAB shareholders will take kindly to this. So SAB is a clear buy here. The deal will take months to clear through various jurisdictions. But the outcome will be the same.…
Over the long term it is possible for an investor to build a portfolio with a very low risk profile while still being able to enjoy the upside potential that derives from the effects of compounding. For that goal, the Modern Portfolio Theory is of good help, stating that all an investor must do…
The FTSE 100 closed the day at 6,333.80, an increase of 34.88 points. The FTSE 250 rose by 23.91 points to finish at 17,134.19. The FTSE All Share climbed by 16.42 points to 3,473.02. The FTSE AIM All Share finished at 733.55, down by 0.15 points. Fashion house Ted Baker (TED) has reported revenues of…
The Dislike button is coming to Facebook [FB]. There seems to be a lot of ideas about what this means. Zuckerberg said that it’s an ‘empathy’ button, the idea being that if your friend posts a status update that their granddad has died you can ‘dislike’ instead of ‘like’, which to be fair, liking such…
For those that aren’t familiar with it, a leading indicator of economic activity is the PMI (Purchasing Managers Index) and each developed nation has at least one. China has two: one produced by the government, which is not to be relied upon as it adopts the Eastern cultural norm of being over-optimistic and denying failure…
There is no denying that on the face of it I have been wrong-footed by the approach by Fairfax Financial and Chums to take over APR Energy (APR) since I thought that this would dissolve into a debt for equity swap with the bulk of the new equity going to the bankers. I incline to…
