FEATURES:
Contrary to popular belief, market timing can produce winning returns, if it's done methodically, says Kerry Balenthiran.
Europe is slowly pulling itself out of its economic mess, and investors could profit as continental bourses play catch-up. Julian Hofmann reports.
SEVEN DAYS:
■ All you need to know about investing in the past seven days: what's rising, what's falling and what's making the headlines.
NEWS:
■ Lloyds sale begins bank reprivatisation.
■ Co-op fight set to get messy.
■ Fiberweb board accepts offer.
ECONOMIC OUTLOOK:
■ The capital spending problem: Chris Dillow says new research suggests that low capital spending could be a structural problem.
■ Next week's economics: Next week's figures could show modest growth in the eurozone and in the US, but also remind us that some big problems remain.
COMMENT:
Our columnists offer in-depth analysis and investment ideas:
■ The Editor: Avoiding Mail-mania - Investors should not be lured into the Royal Mail flotation by tales of huge profits from the Thatcher-era privatisations.
■ Simon Thompson: Expect more gains - Our companies editor sees scope for some hefty share price gains in a number of his small-cap plays. Simon has also written the following online exclusives:
- Super sleuthing: Our companies editor has been delving deep into the complex operations of an eastern European property company and sees obvious value in the shares,
- A stamp of authority: Our companies editor sees the logic of a tie-up between two of the largest players in the stamps and coins market and sees an arbitrage opportunity to exploit.
- Flying high: Our companies editor sees ample scope for further upside in the high-yielding shares of a small-cap company.
- Medium-term value plays: Simon Thompson picks out two small cap companies which have clear potential to do well in the medium term.
- Exploiting financial anomalies: Our companies editor sees further capital upside in shares of an Aim-traded investment company.
Read more articles by Simon Thompson on his comment page.
■ The Trader: Headline risk: The popular press seems bullish, which isn't a good sign. But I am staying positive for now.
The Trader, Dominic Picarda, publishes his outlook for ten major equity, currency and commodity markets on a daily basis. You can view his articles on his comment page, or sign up to The Trader's market outlook emails.
■ Mr Bearbull: On the black side: Are you a noise trader? Have you thought properly about the risks in an investment? Fischer Black could help.
■ Property: First-class property, second-class investment: Problems in an offshore fund show why property investors should stick to bricks and mortar or the stock market.
■ Chris Dillow: Twin troubles: This year's falls in mining stocks and emerging markets remind us how easy it is to under-diversify, and how difficult it is to spread risk well. Read more articles by Chris Dillow on his comment page.
YOUR MONEY:
Financial planning, tax and investment wisdom:
■ Portfolio: How much should I have in retirement savings?
■ Financial planning: Is your Isa dividend reinvestment-friendly?
■ Smart Money: Be brutally honest with your annuity adviser.
■ Child benefit warning: Tax tip - Thousands of high income families need to register with HMRC by 5 October.
SHARE TIPS OF THE WEEK:
■ Sell now. Falling steel demand and the risk the group might resort to another equity issue mean the share price could slide further.
■ Following significant restructuring work and a management overhaul, this consultant engineer has the potential to see its earnings rocket over the next few years.
■ This niche gaming company is attracting new customers and its shares offer an attractive yield yet it still trades on a derisory multiple of earnings. Buy ahead of a re-rating.
■ Canny acquisitions and improving conditions in the construction market could lead to explosive earnings growth at this heavy materials group.
FUND TIP OF THE WEEK:
■ Here's a quality emerging markets investment that offers an extra defence in a sector fraught with risk.
SHARE TIP UPDATES:
BROKERS' TIPS:
■ Apple
■ Chemring
FUNDS:
■ Fund news: Investment trust liquidity is good, argues Winterflood
■ Shares I love: Alasdair Mundy explains why he holds Japan Airlines in the Investec Cautious Managed Fund.
■ Top 100 funds: Are banks now 'fit for purpose'?
■ Feature: Active is best when chasing US yields.
SHARES:
■ Stock screen: Nine high-yielding free cash flow kings.
■ Sector focus: Outlook for LNG is far from clear.
■ Dividend of the week: A potential 20-year dividend growing at 15 per cent a year.
■ The lowdown on the latest company results:
■ Bango
■ Camkids
■ Cello
■ Dunelm
■ Kier
■ MP Evans
■ Next
■ Redrow
■ Restore
■ Songbird
■ Ubisense
■ Directors' dealings: Notable transactions at Belvoir and Afren, plus a table of all boardroom share trades.
■ Week ahead: A summary of key company announcements expected in the coming week.
TAKEOVERS:
■ Download this week's takeover tables as a PDF.
