Accendo Press Quotes - Week Ending 2 Feb

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Accendo Press Quotes – Week Ending 2 Feb

2 Feb

Interactive Investor (Link)

“With the test and measurement businesses in question accounting for around 25% of the division’s revenues and 42% of its underlying profits, this begs the question why management is selling two businesses with a higher aggregate 14.7% margin. The sale may well be only “slightly dilutive” for the group’s margin (a few bps), but may well take its biggest division below 7%,” said the Accendo Markets analyst.

1 Feb

City AM (Link)

“Shares are lower today, highlighting an issue for Shell and the rest of the world’s oil producers that will be played out over the course of 2018,” said said Henry Croft, research analyst at Accendo Markets.

31 Jan

Financial Times (Link)

Mike van Dulken, head of research at Accendo Markets, said the update “is about as ugly as it gets”. He added: “That said, credit where credit’s due for getting it all out in the open, warts ’n’ all.”

30 Jan

Business Insider (Link)

The rise in bond yields is improving their attractiveness relative to stocks, which many investors consider overvalued, said Mike van Dulken, the head of research at Accendo Markets. This is “stoking fear of a market reversal in the two asset classes following a 30-year bull market in the former and a Trump-inspired climb for the latter,” he said.

29 Jan

CityAM (Link)

“A reminder that mining in Africa remains as much about politics as it does about what you can get out of the ground. A breach of end-December debt covenants is still expected and the company is in discussions with lenders which it of course hopes will be positive,” said Mike van Dulken, the head of research at Accendo Markets.

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This research is produced by Accendo Markets Limited. Research produced and disseminated by Accendo Markets is classified as non-independent research, and is therefore a marketing communication. This investment research has not been prepared in accordance with legal requirements designed to promote its independence and it is not subject to the prohibition on dealing ahead of the dissemination of investment research. This research does not constitute a personal recommendation or offer to enter into a transaction or an investment, and is produced and distributed for information purposes only.

Accendo Markets considers opinions and information contained within the research to be valid when published, and gives no warranty as to the investments referred to in this material. The income from the investments referred to may go down as well as up, and investors may realise losses on investments. The past performance of a particular investment is not necessarily a guide to its future performance. Prepared by Michael van Dulken, Head of Research

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