PUBLISHED: 09:28 01 February 2019 Peter Sharkey Having your investments actively managed really pay off, says Pete Sharkey. Picture: Getty Images Rawpixel Ltd. Having your investments actively managed can pay dividends, says financial expert Pete Sharkey My youngest niece, the baby of the family, was 18 last month. Having a drink with my brother-in-law at the party thrown in her honour, he asked ‘how did nearly two decades whiz by in the blink of an eye?’ I didn’t have a well-practiced, suitably sage response prepared, so a disbelieving shake of the head had to suffice. It’s quite staggering to think of how the world has changed in less than two decades. My niece doesn’t know about pre-internet, pre-Google, pre-Amazon days and she’s never seen a mobile phone the size of a house brick used solely for phone calls. She wasn’t even born when the new millennium arrived: you remember, midnight on 31 December 1999 when … [Read more...] about Why managing your investments is crucial
Why company pay dividend
In the 2019 Budget Speech presented by the Minister for Finance in Parliament on 22 October the minister stated that discussions surrounding an initiative about financial instruments, known as Real Estate Investment Trusts, which provide investors with the opportunity to invest directly in the property market, are close to conclusion. It is planned that from 2019, the administrative, fiscal and regulatory framework will be completed, so that REITs can start being traded on the Malta Stock Exchange markets. Malta is one of a very few countries in the developed world not to have a REIT regime and the announcement made by the minister is indeed a very positive development and REITs will be a welcome addition to the local universe of securities. A REIT is an investment vehicle for real estate that is comparable to a mutual fund, allowing both small and large investors to acquire ownership in income-producing real estate assets that may include office buildings, shopping malls, showrooms, … [Read more...] about Why Real Estate Investment Trusts (REITs) are good for Malta
That is according to new accounts from the McCloskey-family owned Western Building Systems (WBS), which show the company's pre-tax profits increased by 4pc to £4.32m (€4.8m) in the 12 months to the end of April last. The pre-tax profits of £4.32m at the Tyrone-based group follow pre-tax profits of £4.15m in the prior year. The business recorded the increase in pre-tax profits in spite of revenues decreasing by 8.5pc from £37.22m to £34m (€37.8m). The owners awarded themselves a £3.08m dividend last year and this followed a dividend windfall payout of £5.9m the previous year. In recent weeks, the firm has become ensnared in a public row with the Department of Education over aspects of its school building programme. WBS has built 42 schools around the country in the last 14 years and the department is now suing the firm in the High Court. In recent months, alleged structural weaknesses were found in 23 schools, two of which were closed … [Read more...] about Owners of firm facing legal action over school buildings pay themselves €10m in two-year period
Trouble at the top? There’s been a lot of it about. Some 16 companies have brought in a new chief executive this year, with three more announcing they will do the same. Among them are some very big names. Perhaps the biggest is WPP, which parted company with Sir Martin Sorrell, the man who turned it into a titan, scandal trailing in his wake. The turnover of big cheeses has been unusually high according to Russ Mould, investment director at broker AJ Bell. His analysis found that the average number of changes at the top of Britain’s biggest companies is 12. Is this simply random fluctuation or might there be deeper reasons behind the game of executive musical chairs that’s been played out in boardrooms? Broadly, the departures fall into five categories. Firstly there are those companies where something going wrong has led to a scandal – this covers WPP and Persimmon Homes (see … [Read more...] about Bonfire of the CEOs: Why was it such a rocky year at the top?
The Irish Stock Exchange Index — the Iseq — is ending the year in a sorry state.While the overall economy has boomed during 2018, the stock market has endured a torrid 12 months during which its overall value has declined by more than 20%.At an individual company level the damage has been even more pronounced.Large profitable companies have suffered share price declines that are more representative of a full-blown bear market.Bank of Ireland’s share price is down by around 30%, while AIB has fallen over 30%.The global construction company CRH has seen its share price fall 24% while Ryanair is down by more than 30% and the gaming group Paddy Power Betfair is 28% weaker.These large declines are driven by a number of factors specific to individual sectors and also issues related to global equity market sentiment.In airlines, for example, concerns about excessive capacity increases and related intense competition has worried investors about revenue trends.Banks have been … [Read more...] about Why making money from shares just got a lot trickier