Best of the Brokers for 29 April 2015 April 28, 2015 To appear in Best of the Brokers, email your research to notes@cityam.com SUPERGROUP Berenberg has chosen Supergroup as its top pick in the retail sector and commended the owner of the Superdry brand for its transition from “a business with significant potential to one which is starting to deliver”. The broker reiterated its “buy” rating [...]
Rugby club Wasps to raise £35m in retail bond offering April 27, 2015 Rugby club Wasps is raising up to £35m of debt in a retail bond offer, hoping to tap up fans with a payout of 6.5 per cent on the debt instruments. It is pitching the paper as a safe investment, on the basis that the vast majority of its income is in fact not [...]
Investec Comment: Asset finance: Everything you need to know April 26, 2015 TOO many small businesses see their expansion plans quashed by a lack of finance. Their bank doesn’t have the confidence to lend them the money they need, so business owners end up trying to fund their companies’ growth on overdrafts and credit cards, storing up trouble for when the next downturn comes or not proceeding [...]
Best of the Brokers for 24 April 2015 April 23, 2015 To appear in Best of the Brokers, email your research to notes@cityam.com GAME DIGITAL Liberum upgraded the video games retailer to a “buy” rating from “hold”, following a capital markets day which “showed that Game can develop and diversify sales and profits over the next 24 months”. While current trading is soft, the broker sees [...]
Quicker ground will be no problem for Shifting Power April 23, 2015 ALTHOUGH all the attention this weekend is on AP McCoy, there is some cracking flat action at Sandown Park this afternoon. The place to start is the bet365 Mile (2.30pm) and the bookies are struggling to split the leading contenders, with the sponsors offering 4/1 co-favourites of four. I actually think it is a little [...]
Cricket Comment: England in need of a spin doctor April 22, 2015 KENT’S James Tredwell did a good job in the first Test against the West Indies in Antigua and gave England a chance of victory with five wickets in the match but I understand the decision to recall off-spinning all-rounder Moeen Ali. He has looked a bit rusty so far in the second Test in Grenada [...]
Best of the Brokers for 22 April 2015 April 21, 2015 To appear in Best of the Brokers, email your research to notes@cityam.com KINGFISHER Analysts at Investec said Kingfisher’s 10-year strategy launched earlier this month by new chief executive Veronique Laury “left more questions than it answered” and downgraded Kingfisher from “hold” to “sell” but retained its target price of 300p. SAB MILLER Credit Suisse has [...]
Smoothtalkinrascal can get punters off to a flyer at Epsom April 21, 2015 BILL ESDAILE PREVIEWS THE INVESTEC-SPONSORED CARD AT EPSOM TODAY TODAY’S opening Investec Asset Finance Handicap (2.10pm) at Epsom features a couple of well-handicapped sprinters and I’m struggling to split Long Awaited and SMOOTHTALKINRASCAL. The former is a hugely talented horse but seems to always find a way of getting beaten. The fact his last win [...]
Lungarno Palace set to bring unlucky streak to an end April 21, 2015 BACKING a horse that was an unlucky loser on its previous start is arguably a quick way to the poor house. Backing a horse that’s been unlucky in three of his last four starts is probably the quickest route to the mad house, but I’m still keen to take a chance on LUNGARNO PALACE in [...]
Investec Comment: Pensions: The role of structured products April 19, 2015 THE government’s pension reforms have arrived – and attention has inevitably shifted from the technicalities of the new rules to what those at retirement will do with their new-found freedoms. The reforms have given people unprecedented control over their pensions: you no longer have to buy an annuity, you can keep your money invested and [...]