The list below provides a summary of news and key stock exchange announcements.
The Merchants Trust is celebrating its 130th birthday in 2019. In this article, Simon Gergel looks back at how the Merchants portfolio has changed over time and how reaching 130 provides a sense of perspective. He also reviews his own experience at the helm of Merchants since 2006.
In his first podcast of 2019, Simon Gergel, Portfolio Manager of The Merchants Trust, shares his insights on the latest developments affecting the UK stock market. Not only are we at the start of a new year but also a landmark anniversary year for Merchants.
Refinancing of a large tranche of the Trust’s high-cost debt in January 2018, coupled with higher levels of portfolio income, means the board has increased confidence in growing the dividend at a faster rate, from a starting yield of more than 5%.
Listen in as Simon emphasises that market volatility, as witnessed in October, can give rise to opportunity. He notes that that any divergence in the share prices of different sectors and even different companies could enable investors to take advantage of potentially compelling valuations.
Simon takes a look back at the first half of the year, a fascinating period that’s been characterised by global political challenges. Simon also considers market prospects for the rest of 2018 and the factors that may have an impact.
In the latest podcast, Simon is joined by Mary Ann Sieghart, one of Merchants’ Non-executive Directors, who joined the board in November 2014. Together, Mary Ann and Simon explore the importance of transparency in communication.
Although uncertainty prevails, Corporate appetite for ‘UK PLC’ backs up Simon Gergel's view the UK stock market is one of the cheapest markets in the developed world right now. There are stock opportunities out there and Simon's focus remains on strong franchises with distinct business models.
Simon throws a light on Environmental, Social and Governance (ESG) issues and what it all means for investors. He explains why sustainability and the ethical impact of investing rank high amongst the broad range of criteria that investors and fund managers consider these days.