Companies with Culture The noise around Woodford’s humiliation last week was deafening. And it was a bad week for Hargreaves Lansdown (-14%). I don’t recall such a lot of noise around a fund manager since the demise of New Star in 2008 having paid a special dividend to shareholders and gearing up into a bear […]
Category: Weekly Commentary
Weekly Commentary: 03/06/19
The “End of Global Trade” Week Last week the talk moved from politics to trade wars. Consensus seems to be that the trade war between the US and China is set to continue for a while. With the UK political situation causing uncertainty which slows management decision making processes there is reason to worry that […]
Weekly commentary: 28/05/19
Time to own value? Unicorns The Unicorns stable door has been left wide open. Beyond Meat, a US loss making protein meat brand, listed in New York in early May rising 163% on its first day of trading valuing it at 27X last year’s revenues. This followed the loss-making Pinterest rising 28% on its first […]
