Any industry has two sets of prices, one for those ‘in the trade’ and another for the retail customer. The difference between the trade and retail price provides a mark-up, which enables a distribution network to function. With financial products by obtaining some knowledge and acquiring market access, will enable you to purchase lower cost […]
Until recently, the fall out from the collapsing US real estate sector has been limited to parties directly involved in this sector, namely mortgage lenders and builders. This column’s focus on the credit markets is now paying off in that third party effects are now appearing.
This month the aptly named “Bear Stearns High-Grade Structured Credit […]
BP and Shell account for over 15 percent of the FT100 market capitalization and yet obtaining detailed and reliable data on the oil industry is near impossible. One of the best sources we have is BP’s recently published annual Statistical Review of World Energy covering 2006. By analyzing such fundamental data allows a better understand […]
In addition to the development of retail banking services in Eastern Europe as detailed within the previous post 100 years of Capitalisation in 10 years, further developments are taking place in services offered to the corporate sector. In particular, yesterday Raiffeisen and Lazard announced a joint venture to offer investment banking services in Eastern Europe […]
The yield curve plots the yield of government securities against their respective maturities. Studying the evolution and shape of a currencies yield curve not only details the price of credit available in that currency but also the aggregate interest rate expectations going forward. In the classical Austrian school of economics, one assumes that credit is […]
Last week, we detailed how a dividend investing strategy provides a generous “margin of safety”. Here we detail a worked example of ‘dividend investing’ using the example of an investment in BT Group I recently exited.
Dividend investing candidates within the FTSE 100, display some or all of the following characteristics:
Dividend yield is at […]
John McGuinness who holds the current TT lap record at an average speed of over 129mph, reported to the BBC. “On Bray Hill, you go from 0-180mph down a straight. On a normal road elsewhere, you would immediately go to jail or kill yourself. It looks ridiculously fast and mental and insane, 200mph on a […]