A primer on how equity supply can influence returns October 18, 2018 | City Talk Like any good or service, we think share prices—whether of an individual public company or a national or global equity market index—rise and fall based on the interaction between supply and demand. In the relatively near term—which we define here as the next 3 – 30 months or thereabouts—our research indicates demand tends to be [...]
A primer on how equity supply can Influence returns October 18, 2018 | City Talk Like any good or service, we think share prices—whether of an individual public company or a national or global equity market index—rise and fall based on the interaction between supply and demand. In the relatively near term—which we define here as the next 3 – 30 months or thereabouts—our research indicates demand tends to be [...]
Reading week picks: Will these two books make me a better investor? October 18, 2018 | City Talk For one whole week this summer, the value investment team I lead at Schroders held its inaugural Reading Week – all heading to our respective homes to read books. To be very clear, great care was taken to ensure no portfolios were left unattended and we could always be contacted. Nor, just in case you [...]
G4S muscles into cryptocurrency security with offline storage facility October 18, 2018 G4S has muscled its way into cryptocurrency storage launching a new security service to protect assets from criminals and hackers. The security firm has launched the service after estimates showed more than $1.2bn of cryptocurrency has been stolen since the beginning of 2017. More than $500m was taken earlier this year from Japanese exchange Coincheck. [...]
Games Workshop shares slip after it warns of uncertainties in upcoming trading periods October 18, 2018 Shares in model retailer Games Workshop fell more than six per cent this morning after it warned of “uncertainties in the trading periods ahead for the rest of the 2018/19 financial year”. In a trading update this morning Games Workshop said trading to 7 October had continued well with sales ahead of the same period [...]
LBMA gold conference to be held in Shenzhen to reflect China’s dominance October 17, 2018 The global precious metals authority will host its annual conference in China next year to capitalise on the country's status as the world's largest gold producer Ahead of its annual conference in Boston later this month the London Bullion Market Association – which set standards for gold and silver trading – told City A.M. next year's [...]
Veteran investor Terry Smith’s new Smithson Investment Trust breaks records with £822m launch October 17, 2018 Veteran investor Terry Smith's new small and mid cap investment trust has raised £822.5m, breaking records for the UK's biggest trust launch. The Smithson Investment Trust initially targeted £250m before more than doubling its goal to £600m with the option to increase to £900m, and has knocked Neil Woodford's Patient Capital Trust off the top spot. It will start trading [...]
Oil prices fall after US crude inventories jump by six million barrels October 17, 2018 Oil prices continued to fall yesterday after US crude inventories rose more than expected. Brent crude oil slid to $79.75 as the price drop kickstarted by last week’s global equity sell off spilled over for another day. Prices had rallied briefly on data suggesting US crude stockpiles had dropped last week but government data showing [...]
African miner hires former BHP and British Airways board member ahead of float October 16, 2018 South African phospate miner Kropz will go public by the end of the month and has appointed former BHP board member and JP Morgan exec Lord Renwick as chairman. Kropz announced yesterday it would list on the London Stock Exchange's Alternative Investment Market (AIM) by the end of October. The plant nutrient producer hoped its IPO [...]
The emergence of micropayments and impact of cryptocurrencies October 16, 2018 | Sponsored Micropayments, generally understood as payments with a value less than £10, predate the advent of the Internet as they were initially conceived to pay the various copyright holders for compound work. Thereafter, several systems were proposed and developed in the mid-to-late nineties, all of which ultimately had little commercial success. A key problem that prevented [...]