Bouncing back

A quick look at ways to assess a company’s recovery prospects

Photo by Martin Sanchez

Life is messy, a truism that applies to companies as much as it does to people. For one reason or another, things can and do go wrong, even to the most organised people or best run companies.

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Investability portfolio update: a cruel April

The portfolios stood up relatively well in tough markets – but some holdings need slicing

Photo by Joshua Woroniecki

I’m not sure why TS Eliot thought that April was the cruellest month. A Lloyds banker by trade, the poet will have been well aware that stock markets generally do quite well in April, and that it is only in May that investors should consider selling up and going away until the St Leger’s Day horse race in early September.

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India: when will the next Asian Tiger awake?

Country risk specialist Christine Shield explains why investors should treat tales of India's untapped opportunity with caution

Photo by Raghu Nayyar

India has long been seen as a land of opportunity - hugely populated, with favourable demographics, and with a long climb to lift many of its 1.4bn people out of poverty. Yet somehow it never quite reaches its full potential.

Will it now do so and finally overcome a host of structural shortcomings? Will its political ambivalence over the Ukraine war turn the west against it so that yet another opportunity is missed? Or will it be some mix of the two?

Here we explore the latest economic situation and attempt to look ahead into the medium and longer term.

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Why the FANGs are losing their bite

Netflix’s horror show quarter is a reminder that there are limits to the technology industry’s rate of growth

Photo by Michael Dziedzic

Big tech has been carrying the US markets for some time now. Since Jim Cramer coined the acronym FANGs in 2013, the market’s very biggest boys have, until recently, just got bigger and bigger. FANGs became FAANGs, then FAANG+ or – another Jim Cramerism – MAMAA as names and market caps changed, before finally the Muppets inspired MANAMANA, incorporating Nvidia and Adobe and name changes. Apple – bizarrely excluded from the first FANG definition – became the world’s first trillion-dollar company in Aug 2018 and then the world’s first three trillion-dollar company in January. Microsoft, Alphabet/Google, Amazon, Meta/Facebook, and Tesla (a story for another time) have all since joined the trillion-dollar club.

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