magazine archive
magazine archive
Feature
Hunting for companies which look cheap against their cash flow
Thursday 13 Apr 2023Given profit can be subject to alterations and adjustments and presented in a flattering light, trying to find value purely based on the ratio between a company’s share price and earnings per share can trip you up. A solution is to look at firm’s cash flow instead. It is best practice to look at...
Sweet sound of dividends: how to find quality sources of income
Thursday 13 Apr 2023The cost-of-living crisis, job insecurity and uncertain economic conditions mean people are eager to find investments that pay a dependable stream of income. The aim is to find something that can deliver sustained growth in the dividend each year and for the capital value to also grow over time...
Investors hope for brighter future with cannabis stocks after two years of pain
Thursday 13 Apr 2023Cannabis stocks have been through the classic stages of the hype cycle – rallying on expectations for big things and crashing as they don’t live up to earlier promises. Many investors have lost interest but some are still holding out for a rebound thanks to pockets of positive news. A good example...
Five cheap stocks to buy now
Thursday 06 Apr 2023One way to reduce the risks associated with less forgiving markets is to ensure you buy companies at the right valuation. With this in mind Shares has conducted a screening exercise of the market to identify stocks which in our view are too cheap and therefore represent attractive investment...
TUI: How its €1.8 billion rights issue works and options for shareholders
Thursday 06 Apr 2023Travel operator TUI ( TUI ) has announced a €1.8 billion fundraising to help reduce a hefty debt pile accumulated during the pandemic. Known as a ‘rights issue’, the exercise involves shareholders making the decision whether or not to buy discounted shares in the group. As is the case for most...
Three top picks from a leading fund manager adept at stress-testing his investments
Thursday 06 Apr 2023Ken Wotton, manager of Strategic Equity Capital (SEC) , reveals how he chooses which stocks to invest in and how he continually reviews his portfolio to ensure it is suited to market conditions. Importantly, and by design, the businesses in our portfolios share certain characteristics centred...
Why excluding stock-based compensation from profit calculations is misleading for investors
Thursday 06 Apr 2023At the start of 2023, Fundsmith Equity (B41YBW7) boss Terry Smith went to town over the habit of some companies to strip out the impact of share-based compensation (SBC) from reported profits. ‘I suspect the most pernicious effect of adjusting profits to exclude the cost of share-based compensation...
Emerging markets look to stoke growth as electric vehicles sales hit the skids
Thursday 30 Mar 20231 . Pr o-growth policies. In the coming months, we believe the roll out of pro-growth policies in emerging markets could be a significant tailwind to domestic demand in selected markets. Across continents, local governments have introduced measures to cushion the impact of inflation and/or to spur...
Profiling the big Chinese electric vehicle rivals to Tesla
Thursday 30 Mar 2023In January 2023 Tesla (TSLA:NASDAQ) had an 8% share of the Chinese new energy vehicles market according to figures from the China Passenger Car Association. However, the world leader in electric vehicles faces significant domestic competition in China. Who are the main players? BYD (1211:HKG) is...
Why the Credit Suisse bailout has failed to calm investors’ nerves
Thursday 23 Mar 2023Another week, another bank failure, or so it seems these days. News that ailing European lender Credit Suisse (CSGN:SWX) had been saved from insolvency over the weekend thanks to a take-over by its larger rival UBS (UBSN:SWX) should in theory have eased concerns of ‘contagion’ across the banking...