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magazine archive

Story In Numbers

EVR’s long-delayed virtual reality app closes in on launch

Thursday 12 Apr 2018

Virtual reality (VR) music content business EVR Holdings ( EVRH:AIM ) is at long last close to launching its smartphone app, Melody VR . That’s almost two years after the company joined the stock market. This will come as a relief to the AIM-quoted company’s fan base of investors. Beta testing...

Spotify shares off to an impressive start

Thursday 12 Apr 2018

Shares in music streaming group Spotify jumped by 25.7% on their first day of dealings to $165.90, compared to its $132 initial reference price. They’ve since eased back to around the $147 level. The company is similar to Netflix in that they both charge a monthly subscription to access media...

Dunkerton waves goodbye to Superdry

Thursday 05 Apr 2018

Investors who bought into branded clothing and footwear business Superdry (SGP) on flotation (as SuperGroup) in March 2010 have tripled their money. The shares have delivered a 202% total return. Julian Dunkerton, one of the founders of the Superdry brand, is leaving the company in order to ‘devote...

Could digital advertising face double taxation?

Thursday 05 Apr 2018

The European Union has has outlined plans to impose a 3% tax on digital advertising revenue, fees from subscribers to online services like Spotify and income from selling personal data to third parties, based on users’ locations. The proposals are aimed at getting the likes of Google and Facebook...

Is it worth following Widdowson on fresh odyssey?

Thursday 05 Apr 2018

Odyssean Capital is seeking to raise up to £100m for the Odyssean Investment Trust through an IPO priced at £1 a share. Debut dealings are slated for 1 May. The new fund will be managed by Stuart Widdowson, who amassed a following with his excellent stewardship of Strategic Equity Capital ( SEC...

Keep an eye on Kingfisher’s cash flow

Thursday 29 Mar 2018

Home improvement company Kingfisher ( KGF ) saw its free cash flow evaporate to a mere £6m in the year to 31 January 2018, down from £459m a year earlier after investment in stock soaked up cash. The B&Q-to-Screwfix brands owner’s operating cash flow (before tax and capital expenditure) plunged...

How low can ETF charges go?

Thursday 29 Mar 2018

A price war among exchange-traded fund providers looks imminent as French firm Lyxor has lowered fees on 12 of its products. The firm says these ETFs will now be the cheapest in Europe with management fees of between 0.04% and 0.12%. Lyxor, the asset management arm of French bank Societe Generale,...

Takeover activity at record pace

Thursday 29 Mar 2018

A report in the Financial Times reveals that global M&A deals so far this year surpassed the $1trn mark on 20 March – the fastest pace ever in a calendar year. A combination of US tax cuts freeing up capital, the continuing availability of cheap credit and decent global economic growth are all...

Cobalt price rally ‘could last for another two years’

Thursday 22 Mar 2018

Cobalt prices are expected to enjoy a considerable uplift over the next two years as end-users race to secure future supplies. The rise of the electric vehicle industry is a key driver behind increased cobalt demand. Canaccord Genuity forecasts $40 per pound in 2018 and $50.44 per pound in 2019...

Further value wiped off toilet roll provider Accrol

Thursday 22 Mar 2018

Shares in toilet roll specialist Accrol ( ACRL:AIM ) have collapsed by 88.25% in value since the company joined the stock market in June 2016. Having last year blamed rising costs for a major profit warning, the business has now issued another warning for the same reason. Accrol says the challenges...

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