By Chris Bailey of Financial Orbit | Sunday 17 March 2019
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
Back in early August I loved up the opportunity in Quilters (QLT) which I believed would offer scope for share price appreciation on the basis any spin-off should bolster entrepreneurial belief. The share price chart is some form of a scorecard and - on this basis - it was a bum call. Clearly the macro backdrop and volatile stock markets of the last four or five months of 2018 did not help, as it inevitably crushes the capability of wealth managers to earn as big investment management fees either through the value of a portfolio or via new customers rolling up to have their savings managed. No surprise then to see the shares show a bit of bounce back performance in 2019 given the better headline markets.
Already a subscriber? Click here to sign in
This area of the ShareProphets.com site is for independent financial commentary. These blogs are provided by independent authors via a common carrier platform and do not represent the opinions of ShareProphets.com. ShareProphets.com does not monitor, approve, endorse or exert editorial control over these articles and does not therefore accept responsibility for or make any warranties in connection with or recommend that you or any third party rely on such information. The information available at ShareProphets.com is for your general information and use and is not intended to address your particular requirements. In particular, the information does not constitute any form of advice or recommendation by ShareProphets.com and is not intended to be relied upon by users in making (or refraining from making) any investment decisions.
Search ShareProphets |
Stock market news |
Recent Comments |
Site by Everywhen