The UK Equity Market Is Too Cheap And ‘Under-Owned’
Master Investor Magazine
by Mark Watson-Mitchell
15h ago
British investors have to wake up to the bargains now on offer in the UK equity market, if they don’t then it is certain that they will miss out on the values that overseas corporates are now finding so attractive. With the US and other markets trading into new High ground, we are lagging behind in a total wallowing of investor lethargy, meaning that our values are way behind others internationally. Our UK equity market is trading on a price to earnings ratio of 14-16 times, whereas multiples elsewhere in Europe are well over 20 times, while the US market is averaging at over 30. The bids for ..read more
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Just One More Week Until Master Investor Show 2024
Master Investor Magazine
by Master Investor
3d ago
With just one week to go until this year’s Master Investor Show, don’t miss the chance to book your FREE ticket to the UK’s must-attend event for investors. Here’s a glimpse of what’s in store for you: Doors open at 9:10am sharp, so be sure to arrive early to make the most of your day. Use our show app and WhatsApp chat to plan your day.  Kick off the day with a choice of two early bird sessions starting at 9:30am with free breakfast rolls for the first 100 attendees to each session: Once in a generation dividend yield opportun ..read more
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Evil Diaries: Online Betting And The WEB Of Influence
Master Investor Magazine
by Master Investor
3d ago
Webis (WEB) controlled in voting terms by the chairman and whose father, Sir James Mellon, was on the board but died perhaps six months ago, reported a few days ago. These figures are pretty bleak but, intriguingly, Denham Eke, now de facto non-executive head honcho, remarked en passant that WEB expects an approach from somebody to get a toehold in American horserace betting. That seems quite reasonable to me. WEB is tiny – capitalised at about £5m which is just a few chocolate cakes from Tesco. Therefore punters are advised to sit tight although, obviously, not to bet when tight. Toe-dipping ..read more
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Sicknote Britain Is Deterring Foreign Investment
Master Investor Magazine
by Victor Hill
3d ago
Generation Sicknote Z According to a recent survey conducted by Professor Matt Goodwin’s People Polling for the Daily Mail, the 18 to 34 age group in the UK is increasingly afflicted by idleness, despair and a resulting dependency on the generosity of Britain’s welfare state. Some 481,000 young people in the 16 to 24 age group are currently unemployed. 280,000 of these are in receipt of unemployment benefits. That is 50,000 more than before the pandemic and nearly twice as many as a decade ago. And a study from the left-leaning Resolution Foundation found that the number of 18 to 24 year olds ..read more
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Small Cap Catch-Up – Wincanton, Kitwave, McBride And Avingtrans
Master Investor Magazine
by Mark Watson-Mitchell
5d ago
Wincanton (LON:WIN) – Bids Aplenty But Still More To Deliver Yet?  It does appear that this group is becoming a much-wanted asset by overseas operators.  On Monday morning the French-based CMA CGM group put up another £37m to increase its bid for the UK’s leading logistics provider – offering 480p a share cash, worth a total of £604.7m.  Within minutes the US GXO group, who took out Clipper Logistics a couple of years ago, announced that it had asked to look at Wincanton’s books before possibly making a counteroffer for the company.  Ahead of Monday morning’s GXO request, t ..read more
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Evil Diaries: Name-dropping
Master Investor Magazine
by Evil Knievil
5d ago
Some readers may have noted the Labour Party’s declared policy for the future of abolishing non-dom status. Its chief mouthpiece is Wes Streeting, prospective minister for health. I not too humbly suggest to Wes that he should read up the current legislation. If he then thinks that non-dom status should be stopped in English law, I am afraid we are headed to domination by the intellectually inferior. I know people who have already skidaddled from London rather than see the fruits of their hard work in developing industrial and commercial interests on the Continent rubbed out. ***** Last Sunday ..read more
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Inflexion Deal Gives Marlowe Scope For A Big Rerating
Master Investor Magazine
by Mark Watson-Mitchell
6d ago
In February 2021, Marlowe (LON:MARL), the safety and regulatory compliance services group, set out a new three-year strategy to achieve an aim of doubling group revenues to around £500m, while almost tripling group adjusted EBITDA to some £100m, with a 20% adjusted EBITDA margin and delivering over 90% cash conversion.   It also targeted a software ARR of at least 10% of overall group revenues.   The basis of delivering that new strategy was its ‘Deepen, Broaden, Strengthen and Digitalise’ plan.  At the time of announcing that new plan its shares were trading at around ..read more
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Five New Core Recommendations From The Broker Numis
Master Investor Magazine
by Nick Sudbury
1w ago
The broker Numis has recently updated its list of recommended investment trusts, with the changes including five new core buys. These are funds where they think the share price will outperform the benchmark on a risk-adjusted total return basis, rather than specific country or style allocation calls. Three trusts have also been removed: Asia Dragon (LON: DGN), Baillie Gifford UK Growth (LON: BGUK) and Polar Capital Technology (LON: PCT). The first two were discarded after difficult periods of performance, while the latter was swapped for Allianz Technology (LON: ATT), where the manager has sho ..read more
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Wading ‘In Play’ In Overseas Waters
Master Investor Magazine
by Mark Watson-Mitchell
1w ago
Today I am going international with a feature on an undervalued group with a London and a Bermudian quote – Ocean Wilsons Holdings (LON:OCN). On the face of it I believe that the shares of this £472m capitalised group are trading well below their value at the current 1335p – yes unusually for me a heavier market capitalisation with a very heavy share price – but it looks cheap to me, which readers will identify in due course. With results due within the next month, it is expected to report a 10% uplift in 2023 revenues to £372m, with a 178% better profit of £84m. For this year that could rise ..read more
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Evil Diaries: Doing The Mash
Master Investor Magazine
by Evil Knievil
1w ago
I became aware of Mike Ashley’s discontent with Morgan Stanley more than six months ago. He is suing MS for circa £40m. He has a point despite counsel for MS putting it to the court that The Mashley has never had any contract with MS. Essentially, The Mashley, Britain’s premier retailer and said to be worth £4bn, shorted Hugo Boss through Saxo Bank who were clients of MS. MS maintain that at the time of this substantial position being opened up they did not know that The Mashley was the force in the land here. MS asked Saxo for a walloping 400% of the position (or c. £800m) by way of margin mo ..read more
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