Simon James of GBIM comments on above in Sunday Times, under "Britain"
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Britain
The country’s economy was put on negative watch last week by Fitch, the second rating agency to warn that Britain may lose its top-notch credit rating.
However, experts say Britain presents one of the best buying opportunities for investors. It is one of the cheapest markets on a price to earnings (p/e) ratio basis trading at 10.2 times earnings against 10.7 for Europe and 12.8 for America. The long-term average for Britain is 13.8.
James Smith of the Ignis Global Growth fund has started buying Tesco despite the supermarket’s recent poor sales performance and the departure of its UK chief executive. The stock is down 19.3% this year.
Simon James of Gore Browne, the investment manager, likes Kier, the engineering and construction group. It is down 10% this year. For a fund, Adrian Lowcock at Bestinvest, the adviser, likes M&G Recovery, which is up 10% this year.
The list, in its inaugural year, profiles the next generation of private client investment managers making a big name for themselves. GBIM as a leading company is actively investing in bringing in young blood and recruited Simon in 2010
Discretionary portfolio manager Gore Browne said a capital preservation ...GoreBrowne said its capital preservation strategy allocated 45 per cent to ...
Investors Chronicle
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April 18th, 2012
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