Cyprotex (CRX) - A flurry of new developments has come from the company recently, including the launch of an endocrine disruption service and a new advanced 3D cardiotoxicity model. These arrive after previously mentioned new service offerings and are being noticed by the market, and notably by the major shareholders – R Sneller and D Ingram – both have added to their shareholdings in recent weeks and I feel this to be a very positive sign.
Do they still exist? A few days before the Brexit vote I had to tweet myself....do the Liberal Democrats still exist? Given that all the coverage over the last few months has focused on the other political parties, you’d be forgiven for thinking that the Lib Dems had been swallowed up by a black hole.
Barratt Developments announced a trading update today, following on from reports in the past week from its industry peers Bovis and Persimmon, which has been carefully scrutinised for any indication of how potential buyers are responding to the prospect of Brexit. Following on from the previous blog entitled ‘Property: an Investment or Speculation’, and in response to requests from readers, this article seeks to answer the question of “Where in the sector does best value reside?” (if you’ll excuse the pun). The writer uses a spread sheet to monitor valuation and various inputs to that process which, incidentally, is far from complete but might be of interest to prospective investors.
According to the Markit/CIPS construction purchasing managers’ survey, in the month of June the UK construction industry experienced its weakest performance for seven years. Such forward-looking surveys are helpful in providing an indication of industry trends – with this one showing a reading of 46 (a fall from 51.9 in May), across an index range of 0 to 100 with 50 being the neutral position.
The last week of June 2016 is unlikely to be forgotten by investors in a hurry, as financial markets were ‘wrong footed’ by the result of the UK’s referendum vote on continued membership of the European Union - displaying a level of complacency to match the ‘out of touch’ arrogance of many politicians.
Last week’s article looked at two strong trends – in the price of crude oil (Brent) and an AIM listed company share, Private & Commercial – and begged the question: acknowledging that the respective commodity and stock markets had placed new significantly higher valuations on each asset of these assets, did this indicated that further strength was likely?
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