This company looks set to grow - with or without Brexit

This company looks set to grow - with or without Brexit By Robert Sutherland Smith The Prudential (PRU) at 1,309p.The chart is still trending down but the shares look good value on an estimated prospective annual dividend yield of 3.5 per cent and prospective PER of 10.2 times for next year. The dividend has grown at 10 per cent over the last five financial years and estimated growth this year and next continues in that spirit. This company does not need a Brexit to grow outside Europe. The Prudential Corporation (PRU) has, like mining stocks, been one of the ways into Asian growth prospects. Unlike them, however, the Prudential has a longer-term, less cyclical, involvement with living standards in the region generally and particularly with developing needs for savings and pension products. It is thus, a company and business that has a continuing and growing role in the Asian Pacific as nations grow their consumer and middle classes, and gradually move away from pure exporting and infrastructure activities to more broadly based domestic ones. To that extent, therefore, the Prudential remains a means of investing in these prospects which differentiates it in principle from the mining stocks which, as stated above, will be more cyclical... Click Here To Read The Full Story The Master Investor Market Report The FTSE 100 closed the day at 6,303.03, an increase of 76.48 points. The FTSE 250 rose 98.24 points to finish at 17,078.55. The FTSE All Share climbed 37.49 points to finish at 3,456.84. The FTSE AIM All Share finished at 722.85, up by 1.73 points. Shares in department store chain Debenhams (DEB) fell 5.7% to 70p after the firm revealed that group like-for-like sales across the 15 weeks ended 11th June dropped by 0.2% despite a strong digital performance. This was a significant slowdown from the first half of Debenhams' financial year and stands in contrast to the indicated results of similar high street retailers. Management also cut their full year margin guidance to flat due to an increase in promotional activity. Download our June issue today! Click HERE to read. Model train manufacturer Hornby (HRN) posted a widened loss before tax of £13.5 million for the year ended 31st March. Revenues for the period dropped by 4% to £55.8 million and the company booked nearly £8 million in restructuring costs as it worked to reduce its operational scale and cost base by focusing on key brands and products. Hornby also announced a new placing that aims to raise £8 million in order to fund this programme. The shares plunged 6.25% to 30p. Shares in AIM-listed medical equipment producer Immunodiagnostic Systems (IDH) dropped by 2.50p to 127.50p after it said revenues for the year ended 31st March fell by 15.6 % to £38.3 million as the number of automated and manual tests both declined sharply. The company's statutory EBIT plunged from a positive £3.2 million last year to a negative £36.8 million, primarily because of a number of large, non-cash write-offs linked to intangible assets and goodwill. Master Investor contributor Jim Mellon spoke to CNBC about the case for Brexit ahead of tomorrow's referendum. You can watch the video here. Tomorrow's news today Tesco (TSCO) and Go Ahead Group (GOG) will release trading statements. Quote of the day "Take care to sell your horse before he dies." -Robert Frost Latest Stories Chart of the Day: Chemring By Zak Mir The last time we witnessed the type of positive reversal which can be seen on the daily chart of Chemring in the past 24 hours, the shares in question – Plus500 (PLUS) and Imagination Technologies (IMG) – not only rebounded but put on significant gains… Click Here To Read The Full Story This Referendum Is about Governance By Alex Story The key question in this referendum is: Does the UK wish to be free or not? Amidst the noise that has been generated by the referendum to either remain or leave the European Union, much of the discussion seems to have revolved around derivatives issues… Click Here To Read The Full Story The Evil Diaries: Tesla and Churchill Mining By Evil Knievil It took some time to get a proper attack of the wobbles but Tesla (TSLA) finally obliged last night closing down $25 at $192 after hours on the news of Tesla's scheme to merge with Solar City (SCTY), another Musk promotion… Click Here To Read The Full Story 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)… Click Here To Read The Full Story 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 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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