magazine archive

magazine archive

Editor's View

The underappreciated risk to a strong oil price

Thursday 25 Jan 2018

The recovery in the oil price to $70 per barrel is one of the most significant events to happen in the natural resources industry for a long time. It transforms the finances of many companies and it should open up development of new projects and rejuvenate the supply chain. While we discuss the...

Why an obsession with growth can be dangerous

Thursday 18 Jan 2018

The liquidation of construction services business Carillion ( CLLN ) is dominating the front pages and we discuss the fall-out in more depth in this week’s Big News section of Shares . Clearly there are lessons to be learned about having private companies whose operations are so large and entwined...

Plenty of opportunities despite markets rallying

Thursday 11 Jan 2018

The markets have started the New Year in a bullish manner with a repeat of the same trend seen in 2017: mid and small caps are outperforming larger companies. Many of you may assume high market levels make it harder to find decent investment ideas. In reality we’re still finding plenty of stocks...

Come and join the community of investors

Thursday 21 Dec 2017

History tells us that smaller companies outperform larger ones and 2017’s UK stock market performance certainly backs that up. The FTSE AIM All-Share index has increased by approximately 20% in value this year, nearly twice that of the FTSE 250 and four times greater than the FTSE 100, according to...

Shareholder activism isn’t a ticket to short-term share price gain

Thursday 14 Dec 2017

Activist investors are back on the agenda thanks to hedge fund Sachem Head Capital taking a small stake in Whitbread ( WTB ) and a high profile spat between TCI and London Stock Exchange ( LSE ) . While these events have been headline-grabbing news, it is worth bearing in mind that activist...

Cash pressures weigh on Harvester owner

Thursday 07 Dec 2017

Pubs and bars operator Mitchells & Butlers ( MAB ) must have very patient investors given it has lagged its rivals for many years. It’s a great example of a business with decent scale in the UK but which seems stuck in the mud. Investors have lost 10.3% over the past five years by owning shares...

Don’t rule out a UK general election in 2018

Thursday 30 Nov 2017

We’re approaching the point where investment experts give their predictions for big themes in the year ahead. We will publish our analysis of the key issues facing investors in 2018 in a fortnight’s time (14 Dec). Ahead of that article, it is worth touching on one issue which has the potential to...

When should you sell an investment?

Thursday 23 Nov 2017

Investors share a common goal: finding an investment which subsequently goes up in value. Knowing when to sell that investment depends on a variety of factors. This could include hitting a valuation target, a company (assuming you’ve bought a stock) experiencing a change in circumstances or you...

Is it time to be brave and buy depressed UK-focused stocks?

Thursday 16 Nov 2017

Some of the best valuation opportunities lie among UK domestic-focused stocks. Your challenge is to shift through the pack and find ones which stand a chance of re-rating in a market where sentiment remains poor towards companies doing business in the UK. Weighing on sentiment is renewed political...

Why you should look beyond ‘the story’ with stocks

Thursday 09 Nov 2017

One of the golden rules of investing is to never overpay for stocks. There are plenty of good companies on the stock market, yet that doesn’t mean they are all good investments. Overpaying for a stock greatly reduces the chances of the investment working out well. Over time a pricey company will...