Monthly Archives: November 2013

china luxury yachts

Quality: Are China expectations a luxury for valuations?

Despite a very patchy year for China macro news it is striking that luxury stock share prices are taking big hits on any disappointment. The latest victims are Remy Cointreau and Hugo Boss citing specific China worries.

November 26th, 2013 by

Quality Franchises

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TOTO and emerging markets

Macro: Taper tantrums again in emerging markets?

We survived Ben Bernanke’s TOTO(taper-on/taper-off) moment during the summer and the carnage in emerging markets was a ready reckoner as to the most vulnerable asset class. Taper chat is fizzling again and guess what?

November 26th, 2013 by

Style & Sector Trends

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orange new black banks

Banks – Orange is the new black!

At a London charity gig recently the UK’s hottest comedian John Bishop congratulated the bankers present on “giving back” to the nominated charity addressing child slavery. But he didn’t stop there…

November 26th, 2013 by

Financials

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get me out of here

I’m a celebrity stock market, meet Nasdaq 4,000!

Whoop whoop, memories of the lovely late ’90s spring to mind as profit-less IPOs go to the moon and the Nasdaq revisits the 4,000 level.

November 26th, 2013 by

Style & Sector Trends

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fukushima japan

Macro: Number one fund manager worry?

The Merrill Lynch fund manager survey for November reveals the latest institutional thoughts on risk. Hot on the heels of a very vague Chinese policy plenum it would appear the “tail risk” feared most is China….

November 13th, 2013 by

Debt

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digital media

Media sector: Twitter and digital media in perspective….

Twitter didn’t quite hang on to its IPO debut highs but perhaps now is the time for some perspective. Global annual ad spend across all media platforms for 2012 was circa $550 billion.

November 13th, 2013 by

Technology

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data tsunami

UK Dividend Stocks: Vodafone bites investment reality!

Regular readers of WealthiFi will be well aware of our concerns about the investment tsunami facing legacy telecom business models. Now Vodafone has bitten reality to the tune of almost $10 billion.

November 12th, 2013 by

Income

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chart alert

Chart attack: A little warning from high yield bonds….

We are often told that riskier high yield bonds are a proxy for equities. So as equities markets touch 5 year highs and mutual funds see a stampede of new money feast your eyes on the chart below.

November 12th, 2013 by

Debt

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xfactor

Guess the 2 year old UK assets with a $1 billion valuation….

We are being suitably opaque with the title to “up” the thrill factor. Call it cowardice or Cowell-ice. The company is older than 2 years but its key assets are not. Now for the thrilling bits popping out of a … Continue reading

November 5th, 2013 by

Technology

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oil fire

UK Dividend Stocks: Oil stocks are cheaper but so is Brent…

Now and again we glance at illustrative portfolios to get a sense of current sell-side thinking. Apparently oil stocks are cheap (again). Regular WealthiFi readers won’t be too surprised.

November 5th, 2013 by

Value

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