Brexit for Dummies

Brexit for Dummies By Victor Hill A missive through the letterbox from Jezza & Co. I had supposed that Mr Corbyn had gone on holiday, so little have I heard from him during the referendum campaign (and at his age, that would have been quite understandable). But no, the Labour Party has been up all night producing killer arguments for – not REMAIN, but – LABOUR IN. As regular readers will know, I am not a Labour natural; but I do sometimes try to see things through the eyes of my staunchly Labour grandfather. So I sat down and read… Labour IN for jobs. British jobs would be lost if we left the EU. 3 million depend on trade with Europe – we need to stay to protect working people and vital industries, like manufacturing, which sell their products abroad. Is Labour saying then that, post-Brexit (which would not be earlier that two years from an OUT vote), ALL trade with the EU would cease? At the last count about 45 percent of our exports went to the EU. That's a lot: but the idea that, for the first time in 3,000 years, we would stop exporting British woad and importing Saxon amber – even if tariffs were imposed on both sides – is surely barmy... Click Here To Read The Full Story The Master Investor Market Report The FTSE 100 closed the day at 6,226.55, an increase of 22.55 points. The FTSE 250 rose 21.20 points to finish at 16,980.31. The FTSE All Share climbed 10.34 points to finish at 3,419.35. The FTSE AIM All Share finished at 721.12, down by 0.88 points. Hospitality firm  Whitbread (WTB) saw an 8% year-on-year increase in total sales during the 13 weeks ended 2nd June, which was primarily driven by the extension of the Premier Inn and Costa Coffee chains. The like-for-like improvement was a more modest 1.8%. The hotel market in the UK remained soft, especially in London, which led to a 1.2% decline in revenues per available room as new capacity was not fully utilised. Management said that they are confident the firm will make good progress over the full year. Whitbread shares climbed 67p to 4,108p. Download our June issue today! Click HERE to read. Defence equipment manufacturer Chemring (CHG) recorded an 11% increase in revenues for the six months ended 30th April, but the firm's loss before tax widened to £16.8 million due to a lower margin sales mix and issues specific to certain contracts. The company expects that revenues for the full year will be significantly weighted towards the second half, but warned that profits will be slightly below current market expectations. Chemring shares plunged 17.53% to 115.25p. Shares in FTSE 250 components producer Senior (SNR) fell 12.78% to 196.50p after it revealed that margins at its aerospace division would be lower than forecast as it continued to ramp-up new production programmes. In the meantime, the Flexonics arm suffered due to slow trading in the truck, oil and gas markets and management expects conditions to worsen during the second half of the financial year. Tomorrow's news today Debenhams (DEB) will release a trading statement. Quote of the day "I think that there are two areas where new ideas are terribly dangerous - economics and sex. By and large, it's all been tried before, and if it's new, it's probably illegal or unhealthy." -Felix Rohatyn Latest Stories Chart of the Day: Highlands Natural Resources By Zak Mir On the face of it the recent journey for shares of Highland Natural Resources has been the worst of white knuckle rides, even though the move to the upside after the break of the main 20p zone to 70p plus was relatively well flagged... Click Here To Read The Full Story Photo-Me: Has the Sell-Off Been Overdone? By John Cornford Photo-Me International (PHTM) has just announced the dividend increase for 2016 that investors had been expecting, with an 87% jump in the total (paying 6.1p to holders before October 6th, after 9.1p for the full year) including the second special dividend in two years… Click Here To Read The Full Story Twitter: An Undervalued Growth Play? By Ruzbeh Bacha Twitter looks like an undervalued growth play, especially after Microsoft's acquisition of LinkedIn. Summary – Twitter is currently trading at $16.34, down 26% after my recommendation in Jan 2016. However my fundamental thesis from Jan 2016 remains intact… Click Here To Read The Full Story The Pitfalls of Open-Ended Property Funds By Nick Sudbury Investors with long memories may have been spooked by the recent activity in the Investment Association's property sector. A number of fund providers, including Aberdeen, Henderson, M&G and Standard Life Investments, have switched from their normal offer price to the lower bid or mid price… Click Here To Read The Full Story Chart of the Day: Premier Oil By Zak Mir Premier Oil really has been one of the stocks for the year to date, even judging it by the stellar recoveries we have seen for many of the plays in the resources space… Click Here To Read The Full Story Join the movement on social media: Copyright 2016 Master Investor Ltd, All rights reserved. You are receiving this email because you opted in at our website. If a Daily Bulletin is too frequent, why not opt in to our once weekly mailing list for a round up of the week's news straight to your inbox. Once Weekly Round-Up Our mailing address is: Suite 88, 22 Notting Hill Gate, London W11 3JE Master Investor is a trading name of Master Investor Limited. 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