ShareSoc Blog
The ShareSoc blog provides news and informal commentary from directors, members and other contributors. Entries reflect the personal views of the authors, which do not necessarily reflect ShareSoc’s formal position. Contributors may hold shares in the companies mentioned. Nothing in this blog should be viewed as financial advice. You may submit comments on blog posts, but ShareSoc reserves the right to remove or edit inappropriate or defamatory submissions.
There is more news given in the News page of our web site and more analysis of news is provided in our monthly newsletter for members – see the Newsletters page.
If you would like to be notified about new posts to our blog you can opt-in to our Weekly Wrap-Up Email service. If you are a member of ShareSoc select the “Weekly Wrap-Up Email” option here. If you are not a member select the “Information and Education Services” option here.
Stock markets continue to rise. They seem to be ignoring the bad company results that are going to come out in the next few months. Although there are signs that the Covid-19 epidemic is weakening, some sectors such as hospitality are going to be in lock-down for some time. The economy is clearly going into recession with many employees being laid off. The lack of consumer spending, not just because some people have less money to spend, but because others are ...
AVACTA (AVCT) has seen its share price rise from 100p on May 13 to 200p and then decline to 140p. I feel sorry for those investors who bought at around 200p.
The sharp decline in the share price (20p on Tuesday and 20p on Wednesday) could be evidence that this deal has leaked.
Source: Interactive Investor
The £25m placing price is 120p, so the fact that the share price is staying stable today at 140p (at 09.48 as I write) suggests, in my opinion, ...
This very important Bill is set for House of Commons passage this Wednesday (3rd June), and is expected to proceed to the House of Lords on 9th June. You will be able to see updates on the passage of the Bill online here.
BEIS have published factsheets here on the gov.uk website. These are designed to explain the detail of the Bill in a more accessible way, and answer some of the questions people may have.
The factsheets cover:
Overview of the Corporate Insolvency and Governance Bill ...
In 2015-2017, the FCA reviewed and consulted on the asset management industry and one of its key recommendations was greater clarity on charges. Chris Sier was appointed to make recommendations on how this should be done. His focus was on pension funds and the costs they incurred from their fund managers. Today, I saw a LinkedIn post by Chris, which I found illuminating and contains links to two further articles, for those who are interested in this area. Chris, who was ...
The Scottish Mortgage Investment Trust (SMT) have issued their Annual Report and AGM Notice. Readers who hold this trust will not need reminding that it has shown a remarkable performance over the last few months. That’s when the stock market has been decimated by the Covid-19 epidemic and the share prices of many other similar trusts and of the companies they hold have fallen sharply.
Last year SMT achieved a total share price return of 12.7% to the end of March and ...
Chris Spencer-Phillips, Managing Director of First Flight Non-Executive and ShareSoc Director has written the attached useful article describing attributes of the "Ideal Board". As well as for company boards, we think it will be of interest to our members.
the-ideal-board-march-2020
Since the completion of the takeover of Sirius Minerals PLC by Anglo American in March, the number of unanswered questions and the search for answers, and the consideration of possible legal action has continued. The Sirius Claim group has been busy collating and reviewing nearly 2000 documents, videos, reviews etc. relating to Sirius Minerals and its decisions and actions over the course of the last few years leading to the takeover by Anglo American.
At this stage there is still much work ...
The Government has introduced the Corporate Insolvency and Governance Bill into Parliament. This is quite an important piece of legislation for share investors and for property investors. Insolvency practitioners will also be interested as it makes substantial changes to that area. It’s had very little media coverage though as the news channels are swamped by coronavirus news, debate over Dominic Cummings breaking the lock-down (or not depending on your point of view) and Brexit news.
The Bill is being “fast tracked” through ...
Introduction
This article is about the prices you pay or get when you buy or sell shares. It may seem somewhat technical and arcane, but please bear with me, as those prices can have a significant effect on your investment results and hence this issue affects all investors. I will cite a specific example which illustrates how much existing systems that your broker offers are costing you.
Quote Driven Markets vs Order Driven Markets
There has been a longstanding debate about the merits of ...
We launched a major upgrade to our website in early April, offering a range of new features for our members. You can find full details of all the new features here: https://www.sharesoc.org/sharesoc-news/sharesoc-website-upgrade/
If you are a member of ShareSoc or SIGnet and have not set a password and logged in to our website, you will not be able to take advantage of these features. You will find detailed instructions for doing so here: https://www.sharesoc.org/sharesoc-news/sharesoc-website-upgrade/#login. We therefore strongly recommend that you do so now, ...
