A Brexit Beneficiary?

A Brexit Beneficiary? By Robert Sutherland-Smith In the wake of the June referendum it gives me some pleasure to note that the HSBC share price has risen 8 per cent since I reviewed and recommended the equity some four months ago, after the annual results, at 456p. Naturally, I did not foresee the British electorate voting to leave the biggest and most prosperous trading bloc on the Globe – something I am happy to say that gives me a common bond with the great George Soros, who, no doubt on that basis, failed to short the pound as he once famously did under a former Conservative Government. It is fascinating to note that David Cameron's career included two devaluations of the pound. One thinks of the Lady Bracknell's strictures against carelessness. My recommendation in February was made on the basis that I deduced it likely that the company would maintain its annual 2015 dividend payout of 51 cents this year. This was despite the fact that the then annual dividend yield was on a traditional dividend cut warning level of 7.48 per cent... Click Here To Read The Full Story The Master Investor Market Report The FTSE 100 closed the day at 6,724.03, an increase of 13.90 points. The FTSE 250 fell 21.88 points to finish at 17,069.10. The FTSE All Share climbed 5.49 points to finish at 3,644.50. The FTSE AIM All Share finished at 746.50, up by 2.01 points. Engineer GKN (GKN) said sales climbed 17% during the six months ended 30th June, despite uncertainty in the run-up to the Brexit vote. Management have elected to retain their forecasts for the current financial year and are looking to cut around £30 million in annual costs in a bid to remain competitive. The majority of the company's sales are in US Dollars and Euros, meaning that it will benefit from recent foreign exchange movements. The shares rose by 11.10p to 301p. Download our July issue today! Click HERE to read. Property development outfit SEGRO (SGRO) saw its IFRS profits before tax dropped by 39.2% to £200.7 million during the six months ended 30th June despite increasing rents as property investment yields stabilised relative to the prior year. The company said that it is optimistic about future demand despite the risks surround Brexit negotiations. The shares climbed 3.59% to 436.10p Flooring manufacturer Victoria (VCP) doubled its revenues to £255.2 million during the year ended 2nd April as its recent acquisitions were successfully integrated. Group operating profits for the period were up by 842% at £17.7 million and the company disposed of a non-core spinning business during the  first six months. Management said that they are not overly concerned with Brexit as their UK business neither imports nor exports significantly, while the Australian arm is functionally independent. The shares rallied 9.93% to 1,217.50p. Tomorrow's news today Tullow Oil (TLW) and Rightmove (RMV) will release interim results. Quote of the day "Anything worth doing is worth overdoing." - Mick Jagger Latest Stories Chart of The Day: BT Group By Zak Mir It may be said by uncharitable souls such as myself that BT Group has been squirming like a toad regarding its dominant position in the market with its Openreach operations. However, it could be argued that the blame lies with the "regulator" Ofcom... Click Here To Read The Full Story Mellon On The Markets By Jim Mellon The first month anniversary of Brexit was marked by an all-day debate in London hosted by the BBC and the admirable Intelligence Squared. I went along, partly out of curiosity, and partly to see my friend Dan Hannan, possibly the most articulate and passionate of the Brexiteers… Click Here To Read The Full Story Lloyds Banking: A Brexit Bargain? By Robert Sutherland Smith Bank shares await the verdict of post-Brexit economic history. The share price chart for Lloyds at 54p gives little guidance. However, well capitalised and on above-average earnings and dividend yields (an estimated 13.6% and 7.4% consensus last seen) the shares look a hold and a speculative buy for those who take a more cheerful view… Click Here To Read The Full Story The Evil Diaries: BHS, William Hill and Watchstone By Evil Knievil Frank Field is potty. How could he possibly claim that Green is worse than Maxwell? Maxwell engaged in fraudulent accounting and stole from Maxwell Communications and Mirror Group pension funds. There is no suggestion whatsoever that Green has so behaved… Click Here To Read The Full Story Chart of the Day: Koovs By Zak Mir It would appear that a company which has been labelled as the new ASOS (LON:ASC) has a hard act to follow, but so far at least, it can be said that the share price of Koovs appears to be living up to the hype… 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. Material contained within Master Investor Magazine and its website is for general information purposes only and is not intended to be relied upon by individual readers in making (or refraining from making) any specific investment decisions. Master Investor Ltd does not accept any liability for any losses suffered by any user as a result of any such decision.

This email was sent to educationspeculator.davinci@blogger.com why did I get this?    unsubscribe from this list    update subscription preferences Master Investor Ltd · Suite 88 · 22 Notting Hill Gate · London, London W11 3JE · United Kingdom