Greek drama gets nerves jangling … again - 16/05/12

Once again, events in the eurozone are assailing investors’ confidence and causing them to flee share markets for the apparent safety of the US dollar and US government bonds. Greece is headed for a fresh general election after political leaders … Continue reading →

Currency Hedging - 23/03/12

The process of reducing the risks brought about by market fluctuation in the foreign exchange market. Related definitions: Market Price Capital Preservation

Currency Hedging - 23/03/12

The process of reducing the risks brought about by market fluctuation in the foreign exchange market.   Related definitions: Market Price Capital Preservation

One year on: Performance of stocks identified using the “risk” approach - 16/03/12

“Why a low required return focus is an excellent way to create a portfolio” A year ago we investigated the strategy of using MyClime filtering of low required returns to create a portfolio of stocks. The MyClime required return is … Continue reading →

Looking into the future - 15/03/12

“… to our mind it is more sensible to focus on that which is more predictable – the likely changes to the economic environment over the next 3 to 5 years. From this we can focus on what is important … Continue reading →

Glossary - 14/03/12

Currency - 13/03/12

The currency which the company reports in its Annual Report. Dist (Distributed): This is the portion of the NROE that is paid out to ordinary shareholders as grossed up dividends or distributions. Related definitions: Dist (Distributed) Dividend NROE – Normalised … Continue reading →

Cash Equivalents - 13/03/12

Cash equivalents are highly liquid investment securities. They include cash, plus those assets that can very quickly be converted into cash, such as treasury bills and commercial paper. Related definitions: Asset Class Currency Market Price

Abnormal Gains (Loss) - 13/03/12

Abnormal gains are usually gains of a non-recurring nature. For example, an unrealised gain from currency hedging would be written back as an abnormal because it is not congruent with the normal operations of the business. MyClime’s analysts further differentiate … Continue reading →

What do changes in interest rates mean for equities? - 27/02/12

Following two calendar years of negative returns many investors have retreated from equities in favour of cash deposits and bonds which has seen local bonds rally and yields fall to remarkable levels amid elevated levels of fear and uncertainly. We … Continue reading →