Bag a Brexit Bargain (Take 2)

Bag a Brexit Bargain (Take 2) By Richard Gill, CFA On an asset class basis, most of the investment media focus post Brexit has been upon the performance of sterling, which as I write is down by 9.4% against the US dollar since referendum day and 7.5% lighter against the euro. In contrast, despite banks and housebuilders having plunged in value, blue-chip stocks on the whole have done well, with the FTSE up by 5.2% to 11-month highs as investors seek out quality assets. Government bonds have also seen a flight to safety, with yields falling to all-time lows, and in some cases (the 2 year gilt for example) even turning negative. However, the FTSE 250, which is more heavily exposed to the recession-threatened UK economy, has fallen by 3.4%. But how have small caps fared since that fateful decision was finalised in the early hours of Friday 24th June?... Click Here To Read The Full Story The Master Investor Market Report The FTSE 100 closed the day at 6,654.47, a decrease of 15.93 points. The FTSE 250 rose 37.02 points to finish at 16,788.04. The FTSE All Share dropped 2.25 points to finish at 3,607.61. The FTSE AIM All Share finished at 723.36, down by 1.20 points. Clothing retailer SuperGroup (SGP) saw its revenues climb by 21.3% to £590.1 million during the year ended 30th April, with the strongest growth coming in womenswear. However, operating margins dropped by 90 basis points to 12.2% and statutory pre-tax profits declined to £55.4 million due to initial trading losses as the company expanded into North American and Chinese markets. The shares shot up 16.7% to 1,565p. Download our July issue today! Click HERE to read. Software products firm Micro Focus International (MCRO) reported that its revenues grew by 49.2% during the year ended 30th April as operating profits doubled to $294.9 million (£221.9 million). Statutory pre-tax profits also surged upwards from $91.4 million (£69 million) to $195.4 million (£147.6 million). Management believe that the current financial year will see revenues stabilise before a fresh burst of growth in 2018. The shares rose by 178p to 1,850p.  Recruitment and training specialist Hays (HAS) saw net fees for the quarter ended 30th June increase by 12% as strong growth in Continental Europe offset a drop in the UK and Irish markets. The company also said that it believed that full year profits would be significantly higher than the £180 million figure currently forecast. Shares in Hays closed the day at 113.90p, up by 5.4%. Tomorrow's news today DCC (DCC) and Homeserve (HSV) will hold their AGMs. Quote of the day "What happens is not as important as how you react to what happens." - Ellen Glasgow Latest Stories Coal To Power Update By John Cornford A fair lot has happened behind the scenes in this still little-known situation where present shares could, in the right circumstances, multi-bag. But the market, if only because such projects are unfamiliar, is still being cautious… Click Here To Read The Full Story Chart of the Day: SuperGroup By Zak Mir As I approach the age of 50, I have to confess that knowing what is trendy and what is not has become an issue. This matter has arisen with retailer SuperGroup, where we can see the price action of the Superdry brand staging a sharp turnaround… Click Here To Read The Full Story The Evil Diaries: Tesla, Hammond, Carney and Troon By Evil Knievil There is still plenty of time to short Tesla (NASDAQ:TSLA). Just consider the following. And some of the comments: Did Musk program that first game he sold for millions?… Click Here To Read The Full Story Bag a Brexit Bargain with the Banks By Victor Hill Release the Buffers The Brexit backlash shows that the UK banks have better prospects than their European counterparts. A buying opportunity, perhaps? Now gather up the wee bairns and tell Grandad to put his ear trumpet in... Click Here To Read The Full Story My Pick of the Year is Actually the Pick of the Year By Adrian Kempton-Cumber Writing for Master Investor for over a year now has been an interesting experience for me, as it has forced me to lay out my analysis and hang my hat on predictions very publicly… Click Here To Read The Full Story Join the movement on social media: file:///C:/Users/Leo%20Wilson/Downloads/newsletter%2012%20July%202016.html 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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