Research for 2011

Market Commentary December 2011

28-12-2011

Read our new Market Commentary newsletter. This contains our view on the stock market based upon fundamental and technical analysis along with some recommended investments for the current market. [...]

Reckitt Benckiser - Buy

18-11-2011

Please read our recommendation on Reckitt Benckiser, the world's largest producer of household products which include Vanish, Harpic, Cillit Bang, Air Wick and Dettol amongst others. This is a defensive stock that we feel is a core holding during the current economic environment. Trading on a pros [...]

STM Gibraltar Personal Pension

15-11-2011

A pension is one of the most effective ways to save money for your retirement, because you may be eligible for tax relief on your contributions. With this in mind, Gibraltar Asset Management is pleased to offer, in conjunction with STM Fidecs, the STM Gibraltar Personal Pension. This unique packa [...]

Market Commentary November 2011

11-11-2011

Read our new Market Commentary newsletter. This contains our view on the stock market based upon fundamental and technical analysis along with some recommended investments for the current market. [...]

National Grid I/L 1.25% 06/10/2021 - Buy

22-09-2011

National Grid will shortly launch an index-linked bond on the London Stock Exchange’s Order Book for Retail Bonds, a market set up to make bonds more transparent and accessible to investors (see attached complimentary research note). The bond matures on 6th October 2021 and will pay a 1.25% coupo [...]

FTSE 100 Options

15-07-2011

Please find the FTSE 100 options we are recommending this month. [...]

Aviva - Buy

12-07-2011

We feel the company has many catalysts that could see the share price rise substantially over the next twelve months. At just 415p, the stock is cheap trading on a forward P/E multiple of just 6.9x and at a substantial discount to its EEV of 487p per share. In the meantime, investors are rewarded wi [...]

Research Note - Tesco Personal Finance 5.2% 2018

08-07-2011

Please read our research note on the Tesco Personal Finance Plc 5.2% 24/08/18 bond. This issue has a GRY of 4.53% and ticks all the right boxes for retail investors - a good name, a low minimum size (£100), a straightforward "vanilla” structure and a good yield (the GRY of the benchmark Treasury [...]

HSBC Option

05-07-2011

HSBC is one of the world’s largest banks with high exposure to fast growing emerging markets such as Hong Kong, Asia Pacific and Latin America. The stock is supported by a good dividend yield of 4.1% and trades at a discount to rival Standard Chartered despite offering similar growth prospects. Mo [...]

Core Defensive Options

23-06-2011

Please find the core defensive options we are recommending this quarter. [...]

Cyclical Options

22-06-2011

Please find the cyclical options we are recommending this month. [...]

FTSE 100 Options

17-06-2011

Please find the FTSE 100 options we are recommending this month. [...]

A Guide to the Traded Options Market

06-06-2011

Please read our complimentary guide to the traded options market with some previous recommendations included. This is a highly specialised field, often out of the reach of retail investors. This guide focusses on GAM's approach to trading options. GAM has been trading options on behalf of clients o [...]

FTSE 100 Options

20-05-2011

Please find the FTSE 100 options we are recommending this month. [...]

Core Defensive - Pharmaceuticals

17-05-2011

With the market at its current level and entering the traditional lacklustre summer months, we are relatively cautious on shares in the short-term and are favouring defensive stocks in general given that: 1) their current outperformance is relatively modest; 2) seasonal trends come into play (defe [...]

Nationwide 7.971% (callable 13/03/15) PIB

09-05-2011

Please read our note on an A- rated Permanent Interest Bearing Security ("PIB") with a yield to call of 6.74% along with a guide to the PIBS market. Issued by Nationwide, the UK's largest building society with assets of circa £200bn, we recommend this to investors with a medium attitude to risk who [...]

Cyclical Options

18-04-2011

Please find the cyclical options we are recommending this month. [...]

FTSE 100 Options

15-04-2011

Please find the FTSE 100 options we are recommending this month. [...]

Asian Citrus

11-04-2011

Please read our complementary research on AIM listed Asian Citrus. Legendary investor Warren Buffett stresses the need to invest in simple businesses and it doesn’t come any simpler than growing oranges. Asian Citrus won "International Company of the Year" at the 2009 AIM awards by ticking all the [...]

The Daylight Saving Anomaly

25-03-2011

It may sound far stretched, but it is possible to make money from stock markets around the time of daylight changes. In the paper "Losing Sleep in the Market: The Daylight Saving Anomaly" by Kamstra, Kramer and Levi (2000), the stock market was found to produce larger falls the day after the dayligh [...]

Core Defensive Options

23-03-2011

Please find the core defensive options we are recommending this quarter. [...]

FTSE 100 Options

18-03-2011

Please find the FTSE 100 options we are recommending this month. [...]

Rockhopper Exploration

22-02-2011

Rockhopper Exploration (“RKH”) is an AIM listed company involved in the exploration of oil & gas in the Falkland Islands. The company has licences to explore in the North Falklands Basin where it has discovered oil at its 100% owned Sea Lion prospect. Goldman Sachs has just released a 640p PT [...]

Cyclical Options

21-02-2011

Please find the cyclical options we are recommending this month. [...]

FTSE 100 Options

18-02-2011

Please find the FTSE 100 options we are recommending this month. [...]

FTSE 100 Options

21-01-2011

Please find the FTSE 100 options we are recommending this month. [...]

GlaxoSmithKline

13-01-2011

GlaxoSmithKline is a core defensive holding, a global pharmaceutical giant that is diversifying away from blockbuster drugs into emerging market generics and consumer healthcare. The shares are cheap and are supported by a high dividend yield. For short-term traders, we are advising buying the [...]

Dogs of the Dow

05-01-2011

Please read a piece of research we have conducted on the well known “Dogs of the Dow” strategy. This has enjoyed a stellar performance since 1973 with an average annual return of 17.7%. Our recommendation from this year’s selection is RSA Insurance Group, currently trading on a sub 10x p/e rat [...]