From an investor’s point of view, Amazon is either worth every dollar of its current share price or its shares are overvalued and cannot deliver the expectations of profits growth that are currently priced in. This week, Phil Oakley asks whether the ecommerce giant will reward patient investors who are happy to take on those risks. Read Phil's latest column.
In Simon Thompson’s column today, he gives the inside view from the shrewd management team at Avingtrans, a maker of critical components and services to the energy, medical and industrial sectors, and a constituent of his market beating 2017 Bargain Shares Portfolio. The directors are working their magic yet again at turning round underperforming acquisitions, and posting impressive organic sales growth too. Importantly, Simon feels the ongoing margin enhancement which is driving higher levels of profitability is not yet priced in.
Meanwhile, Mark Robinson argues that the post-referendum impact on equities is open to conjecture. He takes a look at what a no-deal Brexit would mean for investors and although the FTSE 100's forward yield suggests UK equities are being held in check, Kerry Group, from a business segment that had the most to lose from a no-deal Brexit, appears to be an anomaly. Ladbrokes is offering 7/4 on a no-deal departure at the end of March, so Mark is heading down to the bookies. Click here to read Taking Stock.
