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After several years with no large eye-catching floats on the London Stock Exchange, finally we have a successful IPO for a tech firm in London, to rival the scale of floats found in the US. Shares in Alfa Financial Software Holdings Plc, which provides software used by firms to manage loans for the purchase of assets ranging from office equipment to cars, planes and satellites, were floated on Friday 26th May and the company achieved a first-day market valuation of 1.2 million pounds. This was up from the 975 million pounds the company was valued at before the IPO, reflecting the price per-share of 325p. Alfa shares soared by 32% and the share price was 429.75p at the close of market on Friday. (Read more)

Other Insights on Related Shares: ALFA.L
Related Shares: Alfa Fin Share Price

Barclays returns to profit by posting net gains for the year ended in 2016 of £1.62 billion ($2.02 billion), which came however short of the £1.97 which had been predicted by analysts. Forth quarter pre-tax profits were £ 330 million ($410 million), up from a loss of £2.1 million which had taken place a year ago. In any case the Bank's numbers are much better than the previous year's results, which saw the bank recording a loss. Statutory group profit before tax trebled at £3.2 billion ($3.9 billion) in 2016 when compared with the £1.15 billion loss recorded in 2015 for the same measure. (Read more)

Other Insights on Related Shares: BARC.L
Related Shares: Barclays Share Price

Barclays, according to Reuters, is planning to move its EU headquarters to Dublin, as part of its preparations for confronting the challenges posed by Brexit. The bank, which is looking to more than double its staff count in the Irish capital, is already factoring in the eventuality of losing the so-called EU “passporting rights”. Passporting is an EU-wide scheme which makes the provision of financial services by firms authorised in the UK possible throughout the European Economic Area (EU and Switzerland), without administrative friction and transaction costs. The loss of access to the passporting privilege is made more likely by the determination of the government to take Britain not just out of the European Union, but also out of the European single market for goods and services. (Read more)

Other Insights on Related Shares: BARC.L
Related Shares: Barclays Share Price
Posted by MaxMarioni on 9 October 2016, 6:15 PM

Brexit Winners and Losers: HSBC and Lloyds

In a week when Pound Sterling touched a 30-year low and by Friday close had fallen by almost 1.5 percent to $1.2434, stock investments provided the only positive notes in a dismal week for the UK's economy. More precisely, the UK stocks have to be divided in two different camps of winners and losers. On the whole, the FTSE 100 index climbed close to a record high on Tuesday, and shares also gained on Friday as stocks recovered from the flash crash. The winners were mainly companies that get a share of their revenues from outside Britain who rallied, carrying the rest of the market and covering for the losses of the losers. Companies operating in some market sectors did better than others: the FTSE 350 Industrial Metals & Mining Index, for example, had its best weekly performance since spring. (Read more)

Posted by MaxMarioni on 9 October 2016, 6:14 PM

Brexit Winners and Losers: HSBC and Lloyds

In a week when Pound Sterling touched a 30-year low and by Friday close had fallen by almost 1.5 percent to $1.2434, stock investments provided the only positive notes in a dismal week for the UK's economy. More precisely, the UK stocks have to be divided in two different camps of winners and losers. On the whole, the FTSE 100 index climbed close to a record high on Tuesday, and shares also gained on Friday as stocks recovered from the flash crash. The winners were mainly companies that get a share of their revenues from outside Britain who rallied, carrying the rest of the market and covering for the losses of the losers. Companies operating in some market sectors did better than others: the FTSE 350 Industrial Metals & Mining Index, for example, had its best weekly performance since spring. (Read more)

This week there have been the first signs the UK is drifting into a fully-fledged financial crisis which is hitting the commercial property sector first. Six UK property funds from leading asset management firms have suspended redemptions in three days over Brexit fears: Aviva, Standard Life, M&G, Columbia, Henderson and Canada Life. The move, in agreement with the Financial Conduct Authority (FCA), has been in put in place over concerns the rapidly increasing pace of redemption requests from investors will lead to a devaluation of the assets still held in the fund. Henderson Global Investors highlighted "exceptional liquidity pressures... as a result of uncertainty following the EU referendum and the recent suspension of other direct property funds". As these funds invest in physical real estate such as office blocks, malls, supermarkets, and warehouses, fund managers need time to be able to sell the assets at the best price in order to safeguard the overall value of the fund and protect those investors who still hold the fund's shares. Redemption suspensions buy them time to sell the assets in an orderly way and for this reason they are deemed acceptable practice by the regulator. (Read more)

Posted by MaxMarioni on 14 March 2016, 7:41 AM

Not Going Home: HSBC and its Pivot to Asia

Investors were expecting more, in the week after the Hong Kong and Shanghai Banking Corporation – HSBC - made its final decision known regarding whether to stay in the UK or return to Hong Kong, the city where it was based until 1990. The announcement that it would continue to have its legal headquarters in the UK, with the regulatory and fiscal repercussions this would entail, was saluted by the markets, which didn't make them less inclined to forgive what have been widely interpreted to be disappointing earnings. (Read more)

Other Insights on Related Shares: HMUS.L, HSBA.L

At first sight, Lloyds wouldn't seem a natural choice for its investment potential going into the new year. It had a torrid 2015, dogged by the continuing reverberations the PPI misselling scandal, probes by the regulator into rate rigging, and, of course, global market sluggishness. Its stock value has suffered the consequences, leaving 28% on the ground since touching its maximum in May last year, when one share was worth 89p, and slid down to today's minimum of 67.80p. See chart. However, moving into the new year, Lloyds has many factors going for it and now there is a real buzz surrounding the stock. (Read more)

Other Insights on Related Shares: LLOY.L
Related Shares: Lloyds Share Price
Posted by MaxMarioni on 8 December 2015, 7:19 AM

Broker's stock surge: A sign of Things to Come?

2015 isn’t associated with large scales of activity in the stock market: indeed, since the summer investor panic in Asia and the perennial fret over the weakness of the recovery globally, and in particular in the Eurozone, prudence has reigned amid investors and in company boardrooms. Volumes of mergers and acquisitions have been low, while fewer companies have chosen to go public. So it is significant that a market maker specializing in stock flotations and M&As has posted surprisingly positive annual results. Numis Corporation (NUM:LN) , which has its stated goal as being  the advisor of choice for UK companies, has seen its revenue increase from £92.9m to £98.0m and statutory profits before tax soar from £24.4m to £26.1m.

Shares in the brokerage and advisory firm, which trades in the LSE’s AIM, rose by almost 4% in earnings per share to 24.9 p since publication of its yearly results. According to media estimates 8,986 shares were exchanged during intraday trading. The CEO, Oliver Hemsley, stated that “the performance of the stock market was variable during the year but our high quality client base was active and our current deal pipeline is strong. By strengthening our franchise across UK companies of all sizes, we have established Numis as an advisor of choice for businesses seeking capital to grow." (Read more)

Other Insights on Related Shares: NUM.L
Related Shares: Numis Share Price
Posted by MaxMarioni on 7 December 2015, 7:14 AM

A Look at the Biggest New Stock of the Year

 It has been described as the biggest UK IPO of the year and the biggest ever financial technology IPO to take place in Europe. The buzz surrounding the flotation was so great that even the PM tweeted about it. This is, Ladies and Gentlemen, Worldpay.

(Read more)