ExecLine
- 16 Sep 2014 12:48
- 317 of 1268
It will be a good thing to be aware of the following, if the anticipated 'Yes' vote doesn't actually happen and we get a 'No'.
telegraph.co.uk
French bank warns: Stay away from these 20 stocks ahead of Scotland vote
Societe Generale has warned investors to avoid 18 UK companies and two French firms ahead of a vote on Scottish independence
by Peter Spence Sept. 15, 2014
Edinburgh is home to dozens of popular investment trusts - but most of their shareholders live in England
A 'Yes' vote this Thursday “would trigger another phase of underperformance” in Scotland exposed stocks, said Roland Kaloyan, of Societe Generale Photo: AP
France’s second biggest bank has warned investors to stay away from UK equities ahead of the Scottish referendum, singling out 20 European stocks to avoid.
Societe Generale’s basket of Scotland-exposed stocks has already underperformed the FTSE 100 by 8pc in the year-to-date, suggesting that “a risk premium is already emerging”.
18 of the 20 companies identified are based in the UK, while two are French.
A 'Yes' vote this Thursday “would trigger another phase of underperformance”, said Roland Kaloyan, of Societe Generale, while “some companies could benefit from a weaker currency in the long run”.
The list includes a number of grocers and other retailers which see a considerable proportion of their sales come from Scotland, along with banks Lloyds and RBS, both of which have Scottish brands, and are incorporated north of the border.
“A Scottish exit would probably trigger a major political crisis with the shakeup of the UK’s political landscape”, said Mr Kaloyan.
Other companies that could lose out include property, media, oil, software, telecoms, and insurance firms.
Societe Generale identified 13 stocks that could benefit from a weaker pound, as analysts suggested that a Yes vote would see the value of sterling fall further.
The stocks in this basket have all shown a 90pc correlation with sterling’s strength against the dollar.
BAE Systems featured in both lists. The company does £1.7bn of sales in Scotland, and has 3,500 employees in the country, many of which work on naval shipbuilding at Rosyth.
20 stocks investors were warned to avoid:
BAE Systems
Lloyds Banking Group
Royal Bank of Scotland
Diageo
Pernod Ricard
J Sainsbury
Tesco
WM Morrison
Standard Life
British Sky
BG Group
Technip
Hammerson
Intu Properties
Marks & Spencer
Next
Sage Group
BT Group
Centrica
SSE
13 stocks that could benefit from a weaker pound:
BAE Systems
Barclays
HSBC
Standard Chartered
SABMiller
Smiths Group
Unilever
Reckitt Benckiser
Burberry Group
WPP
ARM Holdings
British American Tobacco
Experian
black bird
- 02 Oct 2014 12:17
- 327 of 1268
try futura medical 50p due to take off, all hurdles have been taken,good RNS nov 2014
tremendious potential, depends on what figs maths you work on. see my posts.
stable
- 08 Oct 2014 10:06
- 335 of 1268
Times TEMPUS
ITM Power
Revenue £1.13m Dividend None
If, when you hear the word hydrogen, you think of the demise of the Hindenburg rather than the automobile of the future, then you need to get with the programme. By 2050, it is claimed, the dominant power for vehicles on the road will be hydrogen-powered electric motors. These fuel cell vehicles are not something for Tomorrow’s World: hydrogen-fuelled Hyundais are already in the country and last week Toyota said that it would bring its fuel cell cars to Britain next year.
Their commercial take-up in the coming years will be determined by how quickly oil becomes too expensive, when our legislators regulate into oblivion the CO2-emitting internal combustion engine and how quickly the infrastructure for the storage and delivery of hydrogen becomes a reality.
That is where ITM Power comes in. It is planning a hydrogen fuel station for Hyundai trials off the M1 near Rotherham and is on track to build similar stations for a London-based Toyota project. The shares have had their ups and, more recently, their downs, sliding this month to a five-year low. An upbeat trading statement yesterday, showcasing the breadth and development of its projects, appears to have halted that, sending the shares 10 per cent higher to 22p.
ITM may yet get overtaken by rival technologies. Its management team, though, has been together for some time and its board is stuffed with credible types — not least Peter Hargreaves, who has a 9 per cent stake and didn’t make his Hargeaves Lansdown fortune backing duds.
My advice Out-and-out punt
Why Huge upside for those prepared to risk their shirts