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Brazilian stocks to shine in 2018?

Brazilian stocks to shine in 2018?

6 mins. to read

In 2017 global emerging markets stocks and currencies posted their best return since 2009. And even after this robust performance emerging markets continue to offer attractive investment opportunities as economic growth outpaces the developed world in 2018 (4.9% vs 3.3% forecast growth this year (Shroders)), current account deficits improve, political volatility moderates and structural reforms…

A bid on the way at William Hill?

A bid on the way at William Hill?

2 mins. to read

Until last weekend I summarised to myself that Barnier and Juncker’s line was that since we declined to be governed by them we’d have to pay them some money. But at the weekend Theresa May mentioned that it would be important for British expertise in resisting Islamist terrorism to be recognised (i.e. easing back on…

2 turnaround stocks trading on low valuations

2 turnaround stocks trading on low valuations

2 mins. to read

It may sound strange to talk about housebuilders such as Barratt (LON:BDEV) and Bellway (LON:BWY) as turnaround opportunities. After all, the two stocks are up 136% and 163% respectively in the last five years. However, in the last month their shares are 11%+ lower after the government announced potential plans to crack down on land…

Aberdeen Anguish
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Aberdeen Anguish

1 mins. to read

A day in the life of a fund manager: the chairman emailed early yesterday with the pithy advice that something had gone on at Aberdeen. Since he is a card-carrying, kilt-swirling Scot, I presumed that in that northern city they had run out of IrnBru. I let the matter slip.   But when the butler…

The Customs Union or a Customs Union? Or just confusion?
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The Customs Union or a Customs Union? Or just confusion?

12 mins. to read

The British political class is riven with dissent over what type of Brexit is most desirable. This is because, after two years of Brexit argy bargy, few Brits really understand the issues – and least of all in the Labour Party. A discourteous proposition Last week Monsieur Barnier, the EU Chief Negotiator, threw a document…

Zuma should head straight to jail
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Zuma should head straight to jail

1 mins. to read

The SFO have formally charged Barclays over the dealings with Qatar about ten years ago. I asked a partner in the cleverest City major law firm as to whether there could be a defence for the directors’ conduct that by conducting themselves as they did they kept Barclays out of HM Treasury’s lifeboat. He said…

Who will be the next Carillion?

Who will be the next Carillion?

12 mins. to read

For many dividend investors, the demise of Carillion was a disaster. Not only did their portfolios lose an important source of income, they also saw a permanent loss of capital. It’s easy to see what went wrong with hindsight, and in the August 2017 issue of Master Investor I wrote about some of the key…

African Dawn: Why African markets will rally in 2018

African Dawn: Why African markets will rally in 2018

23 mins. to read

Imagine a continent which leads the world in mobile telephony banking and in fourth generation (satellite) internet access. This is a continent which has achieved remarkable advances in health outcomes as evidenced by levels of infant mortality and life expectancy, and in education over the last two decades. And which is now enjoying supercharged growth.…

Elon Musk has sublimated to the land of pure fantasy
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Elon Musk has sublimated to the land of pure fantasy

0 mins. to read

Seeking Alpha offered a coruscatingly sceptical commentary (9th February) on Elon Musk’s latest analysts’ conference where the subject was the woeful failure of his Californian factory to produce Teslas. What is really startling is the recital of the most improbable problems which are essentially nothing to do with common sense. I doubt they’ll be solved…