Research for 2012

Market Commentary November 2012

30-11-2012

Please find this month's Market Commentary newsletter which contains our view on the stock market based upon fundamental and technical analysis along with some recommended investments for the current market. Last month's market forecast was spot on with the market rising just 0.6% following our n [...]

Sell SSE / Buy Centrica

26-11-2012

Today, we are recommending our clients to sell SSE and switch into Centrica. SSE has had a good run as late, outperforming European utilities, and is now sitting on an expensive March 2014 12x earnings. Citi has just cut its price target to 1270p (current price is 1398p), which would see SSE trad [...]

Stobart Group Plc 5.5% 04/12/18

15-11-2012

National Transport Distribution company Stobart Group Ltd is issuing a six year sterling bond with a 5.5% coupon. Though the issue does not carry a credit rating, we feel this bond looks good value against the 3% and 4.5% GRYs offered by Go Ahead and FirstGroup around the same maturity. With the [...]

GAM's 25th Anniversary

13-11-2012

This year is a historic one for Gibraltar Asset Management Limited. After celebrating the 10th Anniversary of our membership of the London Stock Exchange in April, we now are celebrating the Firm’s 25th Anniversary. Twenty five years may not sound a lot to many but in this business, as you can [...]