Category Archives: Articles 2009

Tracking the four high-yielding equities

In an article dated 8th December 08, I listed four equities that were deemed safe, being public utilities, and had high yielding returns, to track how the capital element of any investment would stack up as the credit crunch crisis … Continue reading

Posted in Articles 2009 | Leave a comment

Employer’s Covenant Review

The Pensions Act 2004 places a requirement on trustees to assess the strength of the employer’s covenant at the time of the actuarial valuation and indeed at any time when they might be concerned that the employer is no longer … Continue reading

Posted in Articles 2009 | Leave a comment

Capitalising on the 50% tax band

From April 2010 UK income tax will be 50% for high earners, defined as having earnings above £150,000 per year. While there is no easy way to avoid this crippling rate short of leaving the country, which some are already … Continue reading

Posted in Articles 2009 | Leave a comment

Warren Buffett agrees

An article was posted on this website on 20th November 2008 called “The ludicrous practice of the share buy-back”. Now, in early May 09, the Sage of Omaha has said more or less the same. Speaking at the AGM of … Continue reading

Posted in Articles 2009 | Leave a comment

The positive investor

One of the earliest pieces published on this website was called “UK Stockmarket History”. The idea was to give readers who were not familiar with investing and financial terminology generally, a basis for understanding what they were likely to be … Continue reading

Posted in Articles 2009 | Leave a comment

The pension fund – of playing ducks and drakes

The current headline scandal of Sir Fred Goodwin’s (the ex Chief of RBS) pension pot has diverted attention very nicely from the potential losses faced by the taxpayer as RBS dumped toxic assets into the new “Asset Protection Scheme”. Everything … Continue reading

Posted in Articles 2009 | Leave a comment

Goodwill

We are not talking about magnanimity but the accounting definition. Goodwill is the difference between what a business pays for another business and the deemed valuation of the assets in that business. For example, say we agree to buy XY … Continue reading

Posted in Articles 2009 | Leave a comment

The great “rights issue” ding dong

There is a long-standing tradition with the stock market known as “pre-emption rights”. Pre-emption rights allow existing shareholders to participate on equal terms in new fundraisings. In recent times this tradition has not been observed in certain high profile cases. … Continue reading

Posted in Articles 2009 | Leave a comment

India is booming Mr Smith

So said the Indian gentleman go-between for the large Indian group that succeeded in buying a business located in London that I was brokering the sale of. The Indian continent was not foreign to me, or rather a bit of … Continue reading

Posted in Articles 2009 | Leave a comment

A third month of stock market turbulence

Starting with Yell, my decision is out of the pending tray. I have averaged down and the reason is twofold. First, published results were not half bad and secondly a purchase of over 20million shares occurred just a few days … Continue reading

Posted in Articles 2009 | Leave a comment