Share Sounds

Podcast directory

Podcast directory

not implemented

The Financial Outlook for Personal Investors: Why the UK stock market is so buoyant

Simon Rose

Original Broadcast: The Financial Outlook for Personal Investors

not implemented

Russ Mould of A J Bell explains the impressive performance of the UK stock market, with the FTSE passing 9,000 for the first time. UK equities have outperformed those in the US this year despite the dollar having fallen 10%. As Russ has said regularly in this spot, unloved can mean undervalued and that appears to be the case. With regular M&A activity and buybacks, it's estimated the All-Share is on an effective 6.6% yield so a good deal of cash is coming back to investors. The economic picture in the UK may be dire, but don't forget that two-thirds of the FTSE's earnings come from overseas.

Guests: Russ Mould


Published:

not implemented

The Financial Outlook for Personal Investors: Metlen Update & Hercules

Simon Rose

Original Broadcast: The Financial Outlook for Personal Investors

not implemented

Chloe Wong Yun Shing of Edison Group returns to the topic of Athens-listed energy & metals company Metlen. Expanding into the defence equipment supply chain, its stragegy remains capex-led and organically financed. Its arrival on the London market in August will be the biggest listing of the year and the £5bn company will qualify for entry to the FTSE, making it a unique and attractive new stock. Finlay Mathers of Edison highlights a relatively small labour supply company listed on AIM. Hercules is worth £34m and recently made a big acquisition. Its revenues are rising, its margins stable and the market in areas like power transmission is growing. Although little known, the company is trying to increase the level of retail interest.

Guests: Chloe Wong Yun Shing,Finlay Mathers


Published:

not implemented

The Financial Outlook for Personal Investors: Why the Fed and US bonds will be so vital during Trump's presidency

Simon Rose

Original Broadcast: The Financial Outlook for Personal Investors

not implemented

Fergus Caheny of Evelyn Partners says investors cannot ignore what is currently happening in the US, where Trump is unhappy with Jay Powell, the Chair of the Fed. It's a politically independent job with nine months to run and Trump cannot sack him. But there's talk of a shadow Fed chair which could challenge the incumbent. With growing unease at the growth of the US deficit, the bond markets are flashing amber at a time when more investors are turning to them as they offer better rates than for years. Bonds will be one of the most important stories over the next four years of Trump's presidency.

Guests: Fergus Caheny


Published:

not implemented

The Financial Outlook for Personal Investors: BP & JP Morgan European Discovery Trust

Simon Rose

Original Broadcast: The Financial Outlook for Personal Investors

not implemented

Neil Shah of Edison Group feels BP is going through a transformation under a new management team although, like Rolls Royce, it will take time to gain traction. Reducing debt will make the company a less risky business but it is a key income provider with a progressive dividend policy and a secure income stream so its 6.5% yield is attractive. J P Morgan European Discovery Trust is indicative of the greater confidence in European economies where interest rates have stabilised. The fund has pivoted away from sector bets to stock selection and has an impressive record of finding small companies that prove to be big winners.

Guests: Neil Shah


Published:

not implemented

The Financial Outlook for Personal Investors: CNBC's Squawk Box comment following the UK welfare climbdown

Gavin Oldham

Original Broadcast: The Financial Outlook for Personal Investors

not implemented

With Simon Rose enjoying a well-earned break this week, we bring you CNBC's Squawk Box Europe comment on the challenges for long-dated UK bond yields following the Government's climbdown on its welfare bill, courtesy of Capital Economics.


Published:

not implemented

The Financial Outlook for Personal Investors: Foxtons & Record plc

Simon Rose

Original Broadcast: The Financial Outlook for Personal Investors

not implemented

Chloe Wong Yun Shing of Edison Group looks at London estate agency Foxtons, which operates in lettings, sales and financial services. It has 6% of the market and expects to move beyond London through acquisitions. It is pivoting towards lettings, which will reduce cyclical volatility. Edison's analysts feel the shares are only half their fair value. Record plc is a specialist asset manager for institutions focussing on currency and derivative management. While full year results saw a drop in revenue and profits, assets under management remained solid at over $100m. It's a cash-generative business with no debt and a yield of 8% supports the shares.

Guests: Chloe Wong Yun Shing


Published:

not implemented

The Financial Outlook for Personal Investors: Market reaction to the Middle East conflict

Simon Rose

Original Broadcast: The Financial Outlook for Personal Investors

not implemented

Russ Mould of A J Bell, declaring himself no expert in geopolitics, is suprised that markets have not put a bigger risk premium on oil in the past few days. Clearly investors are hopeful that there is not going to be a major escalation. He discusses the rise in the gold price, up 46% in a year in dollar terms, pointing out how expensive it is historically compared to oil and various other commodities. Those investors who fear inflation will probably take a different view on how to structure their portfolios than those who are more worried about a slowdown, recession or even debt deflation.

Guests: Russ Mould


Published:

not implemented

The Financial Outlook for Personal Investors: Chemring & Avon Technologies

Simon Rose

Original Broadcast: The Financial Outlook for Personal Investors

not implemented

Finlay Mathers of Edison Group looks at two companies benefitting from increased spending on defence. After some problems last year, Chemring now has a £1.3bn record order book. The company mainly focusses on counter measures and its recent results were very positive. Avon Technologies specialises in military headgear and respiratory equipment. 50% of its revenue comes from the US Department of Defense. Although profitability had been under pressure following an acquisition, the company is seeing higher than expected growth and things look very satisfactory.

Guests: Finlay Mathers


Published:

not implemented

The Financial Outlook for Personal Investors: Financials and banks

Simon Rose

Original Broadcast: The Financial Outlook for Personal Investors

not implemented

Russ Mould of A J Bell points out that financial stocks have been performing really well of late, partly because things have been boring for them, with nothing untoward happening, while the yield curve is working in their favour. Banks will benefit from supply chains being brought home. They're difficult for private investors to analyse and there's a risk of performance chasing but, if they generate double-digit returns, there could be more to go. Russ highlights the banks value investors might favour and those offering decent yields, especially the big banks, which are also engaged in buybacks.

Guests: Russ Mould


Published:

not implemented

The Financial Outlook for Personal Investors: Baillie Gifford investment conference

Simon Rose

Original Broadcast: The Financial Outlook for Personal Investors

not implemented

Chloe Wong Yun Shin of Edison Group highlights two of the Baillie Gifford funds that presented at the company's recent conference. The US Growth Trust's manager is still very excited about American companies. They are very volatile, so patience is crucial, but the fund remains a conviction investor, in it for the long term. The Schiehallion Fund specialises in later stage private businesses, particularly those capable of transformational growth. Ever more businesses are staying private longer. In the US 87% of companies with over $100m revenue are private. The Fund is aiming to list on the main UK market in the first quarter of 2026.

Guests: Chloe Wong Yun Shing


Published: