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The Market, Renishaw and ASOS

We seem to be in one of those markets where investors are nervous because of a few big failures, some market commentators being bearish and the uncertainties caused by Brexit. While some of the “hot” stocks continue to power upwards, and the overall market trend in the UK is still positive, it only takes the slightest ripple to cause some stocks to fall sharply. That particularly applies to those where prices seemed to have got ahead of fundamentals. Yesterday (25/1/2108) Renishaw (RSW) ...

New Year Angel Competition

In light of the popularity of our Fat Santa and Scrooge competitions at Christmas time, we thought we would redress the balance and celebrate the beginning of a whole new year...

Carillion, EMIS and KPMG

Now that the dust has settled somewhat after the demise of Carillion (CLLN), it’s worth adding some more comments to my previous blog post on the subject. Ultimately it went bust for the same reason most companies do - it simply ran out of cash and could not pay its debts as they became due. As I said before, it collapsed eventually because of ballooning debt, poor cash collection and risky contracts. Unfortunately it seems that private investors were some of the ...

Regulation of shareholder action groups following the debacle of the RBS case

Regulation of shareholder action groups following the debacle of the RBS case (see http://www.thisismoney.co.uk/money/news/article-5266449/Demand-probe-RBS-Shareholders-Action-Group.html ). As regards the suggestion that such groups be “regulated”, I do not see how that would necessarily assist to protect the interests of shareholders. Indeed, it might result in even more involvement of lawyers when one of the big problems is that legal firms often set up and run such groups and this is often in their interests rather than the claimants. Introducing regulation would also make ...

Private Investor Dialogue with the FRC

Following the success of the last year's FRC event (photo below) a date of 26th November 2018 has been agreed for a Private Investor Dialogue with the FRC. Please put the date in your diaries. More details will follow later in the year.   Click here to see the feedback survey results of last year’s event. The FRC were very pleased with the event and the feedback research. We continue to have regular meetings with the FRC and are increasingly being invited to ...