Proton Power Systems (PPS) recently provided the market with a trading update informing the market that revenue for the current financial year is up 250% on the previous year. PPS also reiterated to the market that long term revenue visibility is present for many years to come. This woke the market up following the recent wins of orders earlier in the year.
Beximco Pharma (BXP) BXP informed the market that it has commenced exporting carvedilol to the US (5 August 2016) – the first Bangladeshi pharmaceutical company to do so and the market received this news positively. With the mid-price market close for BXP at 35.625p on 5 August 2016, it still remains at a massive discount to the BXP share price for its listing in Dhaka (currently the equivalent of just over ~80p!!).
Following nicely on from my first musical blog offering, it was MNEK who brought me next to Brayton Bowman. Admittedly it did take a number of mentions of Bowman before I accepted the bait - that was less to do with me jumping when someone says jump and more to do with me preferring to set aside some quality time to do a little research on Brayton Bowman and take time to digest whatever he had thrown out there.
The announcement of national, volume residential builder Persimmon’s interim results this morning cheered the City as both the numbers and comments on the immediate outlook for new housing beat analysts’ expectations and bucked prevailing, mixed sentiment towards the industry.
In the previous article, I suggested that attending an AGM can help you decide whether to retain a share, sell, or buy more. There may be all manner of questions to ask, but my particular focus was on a company’s strategy, or lack of one, coupled with an assessment of whether the company is sufficiently market-orientated. In this article, I want to provide a few illustrations, drawing upon my personal experience.
Further to last week’s article which commented on the difficulty of finding reasonable level of income from cash deposits or government bonds, UK inflation data has been published which indicates a rise in underlying prices that further threatens real (purchasing power considered) income.
Since Bank (often termed base) rate was lowered from 0.5%, that has prevailed since 2009, to 0.25% on 4 August - and the Bank of England’s Monetary Policy Committee has warned that overnight interest rates could fall to zero – savers and investors alike have been reassessing where to place their hard earned cash.
After seeing the Japanese firm Softbank agreed US$32billion bid for what is probably Britain’s biggest high technology business, micro-chip designer ARM Holdings, last month investors in UK listed companies may be wondering what else is worthy of investigation.
There will be more than one answer to this question, but it becomes particularly pertinent when the investment begins to look like a mistake. Some shares are bought on momentum and if that continues, fine. Some are bought for dividend income and if that continues, fine. But some are bought because of expectations about the business itself and if those expectations are not met, even though the business still seems sound, the fault may lie with its directors.
Datafeed and UK data supplied by NBTrader and Digital Look.
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