General News

Share Power Book Review

Book Review by ShareSoc Director Cliff Weight Brilliant, insightful, fun and easy to read short book on how ordinary people can change the way that capitalism works. Merryn Somerset Webb’s Share Power is a page turner. I recommend all ShareSoc members buy a copy and read its 145 pages. Should companies care about climate change? Should they be vanquishing the gender pay gap? Should they be advancing human rights in their supply chains? With 11 million people owning shares directly or indirectly, it’s ...

Paul Myners Obituary and BHP Unification Meetings

The views expressed in this article are those of its author and not necessarily those of ShareSoc. Lord Myners has died at the age of 73. He had a big hand in the rescue of the banks in the financial crisis of 2008 as a Treasury Minister in the Labour Government after becoming the socialists’ favourite capitalist. He was also responsible for the Myners Report into institutional investment which had some influence on corporate governance and institutional stewardship in the UK. I met ...

Cladding Rectification – Persimmon et al.

The views expressed in this article represent those of the author, not necessarily those of ShareSoc. My first big investment mistake of the year came to light yesterday. In October last year I started to buy a holding in Persimmon (PSN). The outlook for the housing market seemed bright and the company was trading on a prospective p/e of 11 with a yield of 8.6%. Revenue and earnings growth were forecast for the next couple of years. But Michael Gove yesterday put a ...

A CHRISTMAS PRESENT

If a parent, grandparent or guardian had invested a one-off £1,000 in the average investment company for a child 18 years ago, it would now be worth an impressive £7,740 (a 674% return), or annualised return of 12.0%. This performance data, for the average investment company, is the % share price total return for the weighted average investment company (excluding VCTs). Ten-year performance is from 27/11/2011 to 26/11/2021. Eighteen-year performance is from 27/11/2003 to 26/11/2021. Source: AIC/Morningstar. These are the key points ...

National Pensions Tracing Day 31 Oct 2021

From Cliff Weight, ShareSoc Director A friend from Punter Southall, sent me a round robin email and I thought all ShareSoc members would find it of interest and many would find it useful to help them find their investments. Hello and good morning.  You are one of just 30 people I have chosen to send this message to. National Pension Tracing Day (NPTD) is coming up this weekend and I’m hoping that you can support the campaign in some way, whether that’s with your ...

IPCC Report – The Implications for Investors

This post represents the opinion of its author and not that of ShareSoc The Intergovernmental Panel on Climate Change (IPCC) have published a report that predicts in stark terms both the historic and predicted changes to the earth’s climate from human activities. This is what they say in the accompanying press release: “Scientists are observing changes in the Earth’s climate in every region and across the whole climate system, according to the latest Intergovernmental Panel on Climate Change (IPCC) Report, released today. ...

Epidemic Over? Unable to Trade and Chrysalis VCT Wind-Up

Pandemic News The news that the Pfizer vaccine for Covid-19 appears to work (at least 90% of the time) and has no negative side effects gave stock markets a good dose of euphoria yesterday (9th November). It suggests that we might be able to return to a normal life in future, but exactly when is far from clear. Actually producing and distributing the vaccine is going to be a mammoth task and it is very clear that it will only be given ...

Market Musings

The stock market seems to be positively benign at present, if not almost somnambulant. While certain sections of the economy have gone to hell in a handcart, the enthusiasm for technology stocks has not abated. My very diversified portfolio is up today at the time of writing by 0.4% helped by good news from Dotdigital (DOTD) today and a sudden enthusiasm for GB Group (GBG). Optimism about a more general recovery in the economy seems to be still prevalent. It’s probably a ...

New podcast on trading and investing

Like all the directors of ShareSoc, I am an active investor, and over the past couple of years have learned a lot being part of a chatroom with other investors and traders. We all have different styles and it is fascinating seeing how others approach the business of making money in the markets. For a few months my chatroom friend Dave and I have toyed with launching a podcast, because we both like talking and are interested in stock market history and ...

How important is the Individual Shareholder to UK PLC in the current climate?

On Thursday 7 May 2020 The LSE and Primary Bid ran a webinar on How important is the Individual to UK PLC in the current climate? There was an impressive panel made up of: Gavin Oldham, Chairman - Share Centre Richard Wilson, CEO - interactive investor Angela Knight CBE Andy Edmond, CEO, Equity Development Marcus Stuttard, Head of UK Primary Markets and AIM - London Stock Exchange plc The Chairman was  James Deal, COO - PrimaryBid The topics  discussed were: The daily trading ...