The glee with which Europe has greeted President Bush’s apparent come-uppance in the mid-term elections looks ill-judged
This Is Money: Broadband Battle For BT
BT’s share of new broadband customers fell from 30% to 25% in the last quarter as it battled to keep market share
Motley Fool: A Tasty Blue Chip
I like Rexam (LSE: REX). It’s a consumer packaging company which generates plenty of cash and operates in a growing market. Best of all, its share price looks too low.
This Is Money: House Prices Surge Again
The UK’s largest mortgage lender said house prices rose by 1.7% in October but warned of early signs of weakening in the housing market
This Is Money: Interest Rates ‘will Rise Today’
The Bank of England looks certain to raise interest rates today, pushing the cost of borrowing back to a five-year high
This Is Money: The 57-year Home Loan
Desperate first-time buyers are being offered home loans which can take 57 years to pay off – deals described as ‘madness by experts
Money Links For 8th Nov 2006
Links to other interesting money articles on 8th Nov 2006.
This Is Money: Improved Shareholder Rights On The Way
Private investors are to receive greater rights in the companies in which they have chosen to invest
Motley Fool: My Unlawful Bank Charges Victory!
Since May, I have been writing articles about my claim to recover unlawful bank charges and the simple process you need to follow if you wish to do the same.
Motley Fool: Lending Value
ShareHitachi Capital (LSE: HCU)Websitehitachicapital.co.ukPrice256pMarket cap£109mDirectors own<1%Other majors65%Eps y/e 31/03/0626.4pHistorical P/E9.7Div y/e 31/03/0611pHistorical yield4.3%Tangible book 30/09/06138pP/TBV1.9Eps forecast 31/03/0727.6pEps forecast 31/03/0829.5pForward P/E 31/03/079.3Div forecast 31/03/0712pDiv forecast 31/03/0813pForward yield 31/03/074.7% Hitachi is a finance company, lending money for business and consumer purchases. It is not a pyad play for two reasons. Firstly, it trades well over book with a P/TBV of 1.9 and secondly, it does not have net cash. Companies involved in money lending rarely have net cash because they normally finance the majority of their lending via debt. The effect is that gearing is enormous and way above any kind of usual value criterion.