Don’t be hasty! Taking stock after 2024
Election results
I realise this is hot on the heels of the last missive (it’s a short one!) but whatever your politics, I offer my hearty congratulations to Sir Keir Starmer on his success yesterday. The outcome is very decisive and we wish him and all of his soon-to-be-assembled team all the very best in managing...
Market rises and speculation
Markets rebound despite Middle East troubles
The markets are hoping that Middle-Eastern concerns have not escalated and after initial worries, markets have rebounded and the oil price slipped-back again. Let us be hopeful that is a permanent state of affairs though the Israel Hostage and Palestine situation does not go away.
The UK and the US have approved further sums for...
Financial predictions for 2024?
Ominous Bitcoin
So the SEC has approved 11 ETFs which invest in Bitcoin. First of all, don’t worry – we shan’t be buying them. Bitcoin is not an ‘asset’ and has nebulous, proven legitimate value and use. This ‘development’ is added to the latest speculative explosion about ‘AI’ (which of course has myriad applications and...
Good news to start 2024
A welcome piece of good news on the last trading day of 2023 – Lonfin, a long-term holding of ours (albeit small overall), has announced that its key connected party, Western Selection, is making a significant cash repayment to shareholders, including Lonfin.
This is our 16th piece of positive corporate news in 2023 affecting closed-ended...
Inflation drops more than expected for New Year
Inflation has fallen more sharply and sooner than expected, as 2023 gives way to 2024.
It fell to 3.9% in the year to November, dropping more than anticipated from 4.9% in October, according to the latest data from the Office for National Statistics (ONS).
Consumer prices index (CPI) inflation has now fallen by nearly 7%, having...
Inflation drops sharply
‘Santa Rally’ on investments points to a more positive Christmas
There is hope an early ‘Santa Rally’ for the markets and investments will continue as we roll on towards Christmas.
This has been covered in our recent ‘eshot’ to clients and interested parties (if you’d like to sign up, please do get in touch) but we thought it wouldn’t hurt to cover a little in...