Accendo Press Quotes - Week Ending 9 February 2018

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Accendo Press Quotes – Week Ending 9 February 2018

9 Feb

Interactive Investor (Link)

“UK Index Utilities remains a sector under extreme pressure, down another 1% this morning and underperforming the wider market, failing to display the defensive attributes that would normally have one rushing to their safe revenue, profit and dividend streams. Especially during a market volatility storm such as that which we were handed this week,” said Michael van Dulken, head of research at Accendo Markets.

8 Feb

Evening Standard (Link)

Henry Croft at Accendo Markets called the announcement “a major rolling of the dice to turn around the fortunes of a company dogged by profits warnings and underperformance versus larger peers”.

7 Feb

The Times (Link)

Henry Croft, research analyst at Accendo Markets, said: “Given Redrow’s smaller position in the market compared with bigger brothers Barratt Developments, Persimmon and Taylor Wimpey, the company can afford to bolster growth through increasing completions and stands out as one of the only housebuilders consistently improving this metric by double digits.”

6 Feb

Business Insider (Link)

Michael van Dulken, Head of Research at Accendo Markets: “Whilst the roots and drivers are sure to be discussed for days, it looks to emanate from a perfect storm of reasons including, but not restricted to, a strong 2017 rally extending into January, low volatility, low interest rates, over-optimism and complacency, over-leverage and financial engineering, all coming to a head as investors react to the possibility of higher/faster interest rates rises with bond yields creeping higher to jeopardise the current market situation.”

5 Feb

This Is Money (Link)

Mike van Dulken, head of research at Accendo Markets, also suggested the company may scale back its partnership with Cityfibre in the UK as part of a potential deal, which reports said could be worth more than £12billion overall. Van Dulken said: ‘A Vodafone-Liberty transaction could mean the Cityfibre partnership suffers, especially if continental assets offer better investment opportunities.’

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This research is produced by Accendo Markets Limited. Research produced and disseminated by Accendo Markets is classified as non-independent research, and is therefore a marketing communication. This investment research has not been prepared in accordance with legal requirements designed to promote its independence and it is not subject to the prohibition on dealing ahead of the dissemination of investment research. This research does not constitute a personal recommendation or offer to enter into a transaction or an investment, and is produced and distributed for information purposes only.

Accendo Markets considers opinions and information contained within the research to be valid when published, and gives no warranty as to the investments referred to in this material. The income from the investments referred to may go down as well as up, and investors may realise losses on investments. The past performance of a particular investment is not necessarily a guide to its future performance. Prepared by Michael van Dulken, Head of Research

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