October 19, 2016
When Britain voted to leave the EU back on 23 June, it sent the British Pound (GBP) into a tailspin. It’s depreciated 18 per cent against the USD and AUD since the day before the vote. Brexit, and the weakened GBP, will have a material impact on the earnings and valuations of a number of ASX-listed companies doing business in the UK. But not all.Continue…
Posted in Companies, Editor's Pick, Global markets.
Brexit, IDP Education
August 9, 2016
Before Brexit, Henderson Group PLC (ASX: HGG) was a core holding for many Australian investors seeking international exposure. Since then, its share price has plunged about 20 per cent. HGG has just reported its 1H16 result, and we still like the business, but there are some provisos. Continue…
July 13, 2016
Jessica Amir writes an article about whether investors should review their UK and European investments and possibly consider emerging markets and gold as an investment opportunity. She mentions Roger Montgomery. Read here.
Posted in On the Internet.
July 7, 2016
In a previous post, I outlined our thinking in respect of positioning the portfolio ahead of Brexit, particularly in regards to Henderson Group (ASX: HGG), which is the most direct exposure we have to the UK. Continue…
Posted in Companies, Global markets.
Brexit, Henderson Group (HGG)
July 4, 2016
As I write this column, the UK has voted to leave the European Union. According to relatives of members of my team living in London, Britons on the Tube are telling Eastern Europeans, “Time to pack your bags”. The Dow is down over 5 per cent, Spain is down 12 per cent and some individual shares have fallen by more than 20 per cent. Continue…
Posted in Global markets.
June 29, 2016
Last Friday was an historical day. In a surprise result last Friday, a majority of Britons backed the campaign to Leave the European Union. After 4 decades the UK will now embark on a 2-year journey towards formalising its independence from the European Union. Continue…
Posted in Foreign Currency, Global markets.
June 23, 2016
On Thursday Britons will cast their votes on whether or not they want to be part of the European Union. Speculation around the result of the Brexit referendum, which is far from determined even at this late stage of polling, has driven significant volatility in the value of the British Pound and UK equity prices recently. Continue…
Posted in Global markets.
June 22, 2016
With Britons about to cast their vote on leaving the European Union, many investors are asking how they should position themselves in the event the ‘yes’ vote gets up. As fund managers, it’s a question we’ve been forced to address head on. Continue…