This is a personal blog by ShareSoc director Cliff Weight and does not necessarily reflect the views of ShareSoc.
There is an excellent article in the Mail on Sunday today by Jeff Prestridge who is our key note speaker at the ShareSoc Woodford Webinar on 30 September - What happens next. click here to register
In today's article Jeff highlights that "the City regulator – the Financial Conduct Authority – has finally woken up from its lockdown slumber and decided to go all ...
Andy Bell - founder of AJBell Youinvest - has generously offered ShareSoc a large number of copies of the latest edition of his classic book "The DIY Investor" issued in May this year. We are offering these e-books FREE (worth over £12) to all full members of ShareSoc on a first come first served basis until supplies are exhausted. If you want to download a copy* then please login to the ShareSoc website and go to the "Member Offers" page here - https://www.sharesoc.org/members-area/member-special-offers/special-offer-details/- to click ...
ShareSoc Patron Lord Lee is quoted in the The Times, 23 August 2021, in an article about the ludicrous rules that prevent TV from educating viewers about stock markets.
Lord Lee is urging the government to look at financial and broadcasting regulations that effectively restrict mainstream television from producing valuable educational and informative programmes about investment.
Lord Lee has tabled a parliamentary question.
“To ask Her Majesty’s Government whether they will meet (1) representatives of the major television channels, (2) the Financial Conduct Authority, and ...
Mark Northway, ShareSoc Chair, is quoted extensively in this article for new investors.
The Mail on Sunday and Daily Mail is doing a good job at informing its huge readership about investing in shares and funds. Recent coverage includes
The good news about Mail On Sunday and the Daily Mail is there is no paywall, IT'S FREE, so everyone can read their very informative articles, unlike the FT, Telegraph and Times.
Also, the articles include links to the ShareSoc website so this may attract ...
It is good news that The Mail on Sunday MailOnline is supporting shareholders and shareholders rights.
I get quoted....
Cliff Weight, director of investor campaign group ShareSoc, says wealth platforms make it so difficult for customers to engage that they are 'disenfranchising individual shareholders'.
He says: 'Most platforms don't even pass on information and if you want to vote the method offered is practically prehistoric. As a result they're throwing away millions of shareholder votes.'
Weight believes platform Interactive Investor is better than most. Eight per cent ...
ShareSoc's chairman Mark Northway wrote an exclusive article for This is Money on 10/03 highlighting the importance of shareholders exercising their rights.
Click here to read the article in full.
I have not published a portfolio review for quite a while, as it's so time consuming to do. However, 2020 was an extraordinary year, so felt I really ought to see what went wrong, what went right and whether there were any lessons to learn.
Before diving into the details, I need to explain my circumstances and investment strategy. I have been a full-time investor since 2004, living off a fixed pool of capital. Therefore, capital preservation whilst generating sufficient return to ...
By Cliff Weight, Director, ShareSoc.
I think the FRC is doing a much better job. The record fine for Deloitte re Autonomy, (see Compliance Week: FRC fines Deloitte record $19.4M for Autonomy audit failures ) and the fines at Redcentric and Redcentric's auditors, and the prosecutions of former Redcentric directors in Southwark Crown Court are further evidence that things are changing. As is the transitioning from FRC into ARGA.
But don't take my word for it. Come to the FRC events we have organised ...
This is a premium article, available to ShareSoc full members and SIGnet members.
Recent troubles at the AA (AA.) and Petropavlovsk (POG) brought to mind another problematic investment that I am more familiar with and which shares some characteristics of those companies. That investment is Gulf Marine Services (GMS).
IPOs by Private Equity Vendors
Like the AA, GMS was floated by its original private equity owners, with a premium listing on the LSE main market, in March 2014. GMS is a relatively straightforward business: ...
Every week brings news of a major company cutting or suspending its dividend: this week, it was BT. For investors who rely upon dividends for income, the search for a reliable, sustainable dividend becomes ever harder.
There are no shortage of commentators who believe that most companies should be putting dividends on hold now. Certainly, the story of Easyjet paying out significant dividends on the same day as it requested a bail out from the government struck many as irresponsible. When ...