Friday Email: 11 April 2014
Every Friday morning our lead analyst Mark Riding sends out his weekly run-down and upcoming events in the investor calendar, like this one:
Another barren week with very little going on and another week that proved what we said at the start of the year; that this year was not going to be easy and it certainly is not. We are well into April and the FTSE 100 is still about 2.5% below what it was at the start of the year. (The DividendMax model portfolio is currently up around 4.2%) The market is currently starting to show day to day volatility and ending the week where it started or in the case of this week if early indicators are correct this morning, about 100 points down.
WH Smith continued its solid recent performances with a 15% increase in its interim dividend. However the shares are now looking expensive having nearly doubled in the past 12 months. A couple of our members asked us to put Toumaz and Cathay International into DividendMax so that they could be included in their portfolios and we have done so. We will add in any stock on request if a member requires it to complete their portfolio.
The week ahead also looks very quiet and the picture for the market continues to be unclear. The insurers as a group, both life and non-life have been under severe pressure for a number of reasons and we have been happy to have left them alone, but we feel now that they are worth a look and so our next piece of research will cover the insurers.
The Friday email is delivered to over 20,000 subscriber’s every week, and remains a widely read run-down of recent events and what investors can expect in the week ahead written by our chief analyst Mark Riding.
It’s included as part of the free DividendMax trial.
Read next: 04 April 2014
THere was very little to go on last week with only one company that we cover reporting and that was Polymetel International. However two of our small cap stocks reported and we did a separate write up on them yesterday. Cathay look set for a very good 'transformational' 2014 and Toumaz look set for a strong period from 2015 onwards with a fivefold increase in revenues targetted by 2017. The market should start to recognise these two in fairly short time.