This continues to follow a very different trend to the classic car market, for which buyers don’t have to be multi-millionaires. Supercar Investment Club’s opportunity allows eligible investors the chance to invest in a desirable asset class, and for an affordable share price of just £500.
Supercar Investment Club state there is a real difference in the desirability of the used and driven, and the pristine, concours quality cars, and this is reflected massively in their values. Those that wished to purchase one of these cars with the intention of adding a few miles to it could have paid under £800k last year for a higher mileage F40.
However, for the many wealthy investors and collectors that simply store their cars with the intention of selling them later for a profit, they are not willing to settle for anything less than a pristine example of their desired car, with the most expensive and desirable F40’s selling for over £1.2m last year.
Supercar Investment Club only focus on the best examples, conducting extensive due-diligence on all vehicles before launching them on their platform. Their current opportunity is an entirely original, concours winning F40 with under 4,500 miles on the clock at £1.2m.
You can see a detailed How it works video here: https://www.supercarinvestmentclub.com/how-it-works/
The investment club will manage the cars on behalf of the investors, keeping them in their top quality condition for an investment period of 3 years. Storage, maintenance and insurance is also included in a share price of just £500. Although, to keep the cars in their ultra-low mileage condition, investors won’t be able to drive their investments. Supercar Investment Club will hold investor events where the cars will be showcased among other concours quality supercars. Director Adam Sanderson explains “many of the investors so far are car enthusiasts, so we’re very keen to make the cars as accessible to the investors as possible – holding events throughout the year.”
Supercar Investment Club also handle the logistics of part-owning a supercar investment. Investors vote on any key decisions or profitable offers on the car throughout the investment term on a majority basis.
For more information on the campaign and how to get involved, visit their campaign page here
Supercar Investment Club is an appointed representative of Share In Ltd (FRN 603332), who is authorised and regulated by the Financial Conduct Authority. Past performance is no guarantee of future performance. Capital at risk. Investors should read the full risk warning on Supercar Investment Club’s website before deciding to invest. This article is sponsored by Supercar Investment Club Supercar Investment Club launch first of its kind Investment Crowdfunding campaign: The Ferrari F40
With certain supercars well outperforming the capital growth of London property, you may wonder why you haven’t heard of this before. Well, with typical values of £1m+, you’d have to be incredibly wealthy to have the cash available to purchase one of these iconic vehicles and benefit from any potential capital growth.
Supercar Investment Club bring the first opportunity of its kind to invest in one of these high end supercars. They kick off their first crowdfunding investment at www.supercarinvestmentclub.com, seeking investors in a Ferrari F40, a car they say has increased in value by 131% in the last 5 years based on average F40 values from their research of auction and list prices.
This continues to follow a very different trend to the classic car market, for which buyers don’t have to be multi-millionaires. Supercar Investment Club’s opportunity allows eligible investors the chance to invest in a desirable asset class, and for an affordable share price of just £500.
Supercar Investment Club state there is a real difference in the desirability of the used and driven, and the pristine, concours quality cars, and this is reflected massively in their values. Those that wished to purchase one of these cars with the intention of adding a few miles to it could have paid under £800k last year for a higher mileage F40.
However, for the many wealthy investors and collectors that simply store their cars with the intention of selling them later for a profit, they are not willing to settle for anything less than a pristine example of their desired car, with the most expensive and desirable F40’s selling for over £1.2m last year.
Supercar Investment Club only focus on the best examples, conducting extensive due-diligence on all vehicles before launching them on their platform. Their current opportunity is an entirely original, concours winning F40 with under 4,500 miles on the clock at £1.2m.
You can see a detailed How it works video here: https://www.supercarinvestmentclub.com/how-it-works/
The investment club will manage the cars on behalf of the investors, keeping them in their top quality condition for an investment period of 3 years. Storage, maintenance and insurance is also included in a share price of just £500. Although, to keep the cars in their ultra-low mileage condition, investors won’t be able to drive their investments. Supercar Investment Club will hold investor events where the cars will be showcased among other concours quality supercars. Director Adam Sanderson explains “many of the investors so far are car enthusiasts, so we’re very keen to make the cars as accessible to the investors as possible – holding events throughout the year.”
Supercar Investment Club also handle the logistics of part-owning a supercar investment. Investors vote on any key decisions or profitable offers on the car throughout the investment term on a majority basis.
For more information on the campaign and how to get involved, visit their campaign page here
Supercar Investment Club is an appointed representative of Share In Ltd (FRN 603332), who is authorised and regulated by the Financial Conduct Authority. Past performance is no guarantee of future performance. Capital at risk. Investors should read the full risk warning on Supercar Investment Club’s website before deciding to invest. This article is sponsored by Supercar Investment Club
This continues to follow a very different trend to the classic car market, for which buyers don’t have to be multi-millionaires. Supercar Investment Club’s opportunity allows eligible investors the chance to invest in a desirable asset class, and for an affordable share price of just £500.
Supercar Investment Club state there is a real difference in the desirability of the used and driven, and the pristine, concours quality cars, and this is reflected massively in their values. Those that wished to purchase one of these cars with the intention of adding a few miles to it could have paid under £800k last year for a higher mileage F40.
However, for the many wealthy investors and collectors that simply store their cars with the intention of selling them later for a profit, they are not willing to settle for anything less than a pristine example of their desired car, with the most expensive and desirable F40’s selling for over £1.2m last year.
Supercar Investment Club only focus on the best examples, conducting extensive due-diligence on all vehicles before launching them on their platform. Their current opportunity is an entirely original, concours winning F40 with under 4,500 miles on the clock at £1.2m.
You can see a detailed How it works video here: https://www.supercarinvestmentclub.com/how-it-works/
The investment club will manage the cars on behalf of the investors, keeping them in their top quality condition for an investment period of 3 years. Storage, maintenance and insurance is also included in a share price of just £500. Although, to keep the cars in their ultra-low mileage condition, investors won’t be able to drive their investments. Supercar Investment Club will hold investor events where the cars will be showcased among other concours quality supercars. Director Adam Sanderson explains “many of the investors so far are car enthusiasts, so we’re very keen to make the cars as accessible to the investors as possible – holding events throughout the year.”
Supercar Investment Club also handle the logistics of part-owning a supercar investment. Investors vote on any key decisions or profitable offers on the car throughout the investment term on a majority basis.
For more information on the campaign and how to get involved, visit their campaign page here
Supercar Investment Club is an appointed representative of Share In Ltd (FRN 603332), who is authorised and regulated by the Financial Conduct Authority. Past performance is no guarantee of future performance. Capital at risk. Investors should read the full risk warning on Supercar Investment Club’s website before deciding to invest. This article is sponsored by Supercar Investment Club Strong performance from insurance lends boost to AA profits
Breakdown recovery firm AA reported an 8 percent rise in operating profit on Tuesday, after a strong performance from its insurance arm offset a weaker performance from roadside recovery.
Operating profit rose 8 percent to £307 million for the year to the end of January, with trading revenue up 2 percent to £959 million. The group reported strong performance in the insurance business, with revenue rising 11 percent to £145 million, coming from both its underwriter and insurance broker and roadside.
Roadside trading revenue rose 1 percent to £814 million, with new memberships up by 7 percent. Driving Services revenue was remained flat.
AA said it expects a 2019 trading profit of between £335 million to £345 million, aiming for an annual growth rate of between 5 and 8 percent from 2019 to 2023.
Simon Breakwell, chief executive, said the group had “delivered a solid performance despite the difficult weather conditions.”
“We have made a positive start to the 2019 financial year as we begin to execute on our new strategy to put service, innovation and data at the heart of the AA with additional investments to grow Roadside and to accelerate the growth of Insurance.
“We remain confident our financial requirements are well funded and will continue to seek ways of lowering the cost of borrowings and de-lever over time”, Beakwell concluded.
AA cut its dividend for the year to 5p per share.
JD Sports sidesteps high street crisis with 26% boost to profits
Retailer JD Sports (LON:JD) released a strong set of results on Tuesday, sending shares up and reassuring investors that it remains unfazed by the current high street crisis.
Headline profit before tax rose 26 percent in the 53 weeks to February 3rd, hitting to £307.4 million. Strong digital sales growth gave a 3 percent boost to like-for-like store sales, with revenue rising by 33 percent across the year to £3,161.4 million.
Operating profit rose by £62.6 million to hit £308.8 million, driven by the first full-year contribution from Go Outdoors. JD Sports bought the outdoor clothing and equipment company back at the beginning of 2017, and its EBITDA has since risen from £7 million to £23 million.
Profit before tax, including exceptional items, increased by 24 percent to £294.5 million.
JD Sports opened a total of 56 stores in the 12 month period, up from 54 the previous year, nine of which were in the Asia Pacific region.
“This is an excellent result demonstrating our capacity for continuing growth in both existing and new markets, and the strength of our offer in store and online,” said chief executive Peter Cowgill.
The final dividend payable to investors increased by 5.4 percent, taking the total dividends payable for the year to 1.63 pence.
“At this early stage, we are satisfied with progress and remain confident about the prospects for the current financial year,” the firm said.
Shares in JD Sports are currently trading up 6.66 percent at 376.40 (0826GMT).
AB Foods shares slip after sugar division hit by rising prices
Shares in Associated British Foods (LON:ABF) slipped on Tuesday morning, after its sugar division saw revenue sink 13 percent over the first half of the year as a result of low EU sugar prices.
Statutory profit before tax for the entire group fell 30 percent to £603 million, whilst revenue declined by 2 percent. Adjusted operating profit fell 1 percent to £648 million, while adjusted earnings per share rose 3 percent to 61.3p.
The figures were hit significantly by the 13 percent revenue fall at AB Sugar, dropping to £938 million for the year, as the low EU prices affected both its UK and Spanish businesses.
Sales at Primark continued to show strength however, coming in at 7 percent ahead of last year at constant currency. Like-for-like sales for the group fell 1.5 percent, as a result of ‘unseasonably’ warm weather in October, despite the UK arm reporting a sales 8 percent of last year.
Sales in Continental Europe were also 6 percent ahead of last year due to increased retail selling space, but this partially offset by like-for-like decline in northern Europe.
Despite the slightly weaker than expected performance, AB Foods maintained its full year outlook with progress expected in both adjusted operating profit and adjusted earnings per share.
George Weston, the group’s CEO, commented: “The group made progress in this period. Good sales and profit growth was achieved by all of our businesses at constant currency, other than Sugar, where the reduction was as expected. Our full year outlook for the group is unchanged with progress expected in both adjusted operating profit and adjusted earnings per share”.
Shares in AB Foods (LON:ABF) are currently trading down 1.55 percent at 2,543.00 (0810GMT).
Netflix shares rise 6pc as group beats expectations
Netflix (NASDAQ: NFLX) beat expectations for the first quarter of 2018, boasting 7.4 million new subscribers.
The streaming giant reported a record number of new subscribers for the first quarter, which ended March 31.
Netflix’s strategy in releasing original content appears to be working, with 1.96 million new subscribers in the US and 5.46 million new international users.
Following the positive results, shares jumped over than six percent in after-hours trading Tuesday to $307.78 per share.
Goldman Sachs analyst Heath Terry wrote in a note earlier this month: “We continue to believe long-term subscriber growth and profitability will exceed current consensus expectations as Netflix realises the global scale benefits that come from its subscriber base, distribution network and content library.”
The group still predicts it will remain at a loss for several more years, spending huge amounts on original content. The group said it will “continue to raise debt as needed to fund our increase in original content.”
In the first quarter, Netflix released original content including “The End of the F***ing World”, “Altered Carbon” and “A Series of Unfortunate Events.”
Executives have announced that they plan to release over 700 original series and 80 films over the course of the year.
“We have big plans for content growth and you should expect that to continue,” said the Chief Executive Reed Hastings on a post-earnings webcast.
Netflix has predicted content spending of around $8 billion in 2018.
Earlier this year, the streaming giant announced Susan Rice, a former top aide to President Obama, to the group’s board of directors.
“As a global company operating in over 190 countries, Susan’s expertise in international affairs will be valuable,” said Netflix.
Wetherspoons to quit all social media
JD Wetherspoon (LON: JDW) has announced that it is quitting all social media including Facebook (NASDAQ: FB) and Twitter (NYSE: TWTR).
The move comes in response to the “trolling” of some MPs but the decision has been met with criticism and claims of a publicity stunt.
“We are going against conventional wisdom that these platforms are a vital component of a successful business,” wrote the group’s chairman Tim Martin in a tweet that is no longer available.
“I don’t believe that closing these accounts will affect our business whatsoever, and this is the overwhelming view of our pub managers.”
“It’s becoming increasingly obvious that people spend too much time on Twitter, Instagram and Facebook, and struggle to control the compulsion. We will still be as vocal as ever through our Wetherspoon News magazine, as well as keeping the press updated at all times,” he added.
The 900 pubs and head office will quit social media with immediate effect and no jobs will be affected by the decision.
Martin has said that leaving social media platforms is a response to online abuse made to MPs, particularly those from religious or ethnic minorities.
He told BBC Radio 5 Live that he thinks quitting social media would be good for society.
Martin said that is people “limited their social media to half an hour a day, they’d be mentally and physically better off”.
“I find most people I know waste their time on it. A lot of them say they know they waste their time on it, but they struggle to get off it.”
The group’s chairman reassured that JD Wetherspoons would remain vocal and keep customers up to date via the Wetherspoon website and app.
Househould spending drops to weakest level since 2012
Household spending fell to its weakest level since 2012 during the first quarter of the year, as poor weather and waning consumer confidence discouraged shoppers from spending money.
According to the UK Consumer Spending Index published today by Visa, spending fell by 1.4 percent year-on-year across the first three months of the year. This was the worst quarterly performance recorded in five years.
March was the hardest hit month, with overall consumer spending falling by 2.1 percent as a results of unseasonably winter weather and the ‘Beast from the East’. face-to-face spending on the high street was down by 3 percent year-on-year.
Online spending also fell, dropping by 1.2 percent annually, recording the first month in ten that it has seen a decline.
Mark Antipof, chief commercial officer at Visa, said: “The negative impact that the Beast from the East had on UK economic activity last month has been widely reported, but this doesn’t entirely explain March’s lacklustre consumer spending.
“We are in the midst of a dip in consumer confidence and this – coupled with other economic factors – is causing shoppers to continue to restrain themselves.
“High street sales suffered once again, however it is also noteworthy that e-commerce spend fell for the first time in 10 months, and by its fastest rate since 2012.
“That said, it is too early to read a great deal into this year-on-year decline, which should be viewed in the context of high growth rates in early 2017.”
Avacta reports widening losses, despite revenue boost
Biology research group Avacta reported widening losses on Monday, despite an increase in half year revenues across the business.
Administration costs rose to £4 million over the course of the period, up from £3.50 million previously, a direct result of its Life Sciences division’s attempts to deliver on growth plans.
Operating losses widened to £4.5 million as research and development costs weighed. Half year revenues increased, however, by 16 percent to £1.5 million.
The firm maintained its focus on generating clinical data for its lead Affimer therapeutic programme, saying that its pipeline of assets in its immuno-oncology division could be ‘potentially transformative’ as it heads towards 2020.
“The group has delivered strongly against the objectives set out in 2015 when it raised funds to initiate an Affimer drug development programme and to begin commercialisation of Affimer reagents,” the firm said.
“We will continue to grow the Affimer reagents revenue during this time period, with a focus on long term recurring royalty revenue rather than short term services income, with the objective of creating a potentially stand-alone business unit,'” its chief executive officer, Alastair Smith, commented.
Shares in Avacta (LON:AVCT) are currently trading down 0.17 percent at31.94 (0841GMT).
Supermarket Income REIT meets investor expectations with dividend payout
Grocery sector investor Supermarket Income REIT (LON:SUPR) announced that it invested £210.5 million in four supermarket assets in the first quarter, with dividend payments meeting its annual payout guidance.
The property investment company, aimed at offering investors a slice of the grocery market through exposure to supermarket real estate assets, declared a dividend for the three months through March of 1.375p per share and said it still expected to pay annualised dividends of 5.5p per share.
The group’s chief investment advisor, Ben Green, said, “Since our IPO in July 2017, Supermarket Income REIT has rapidly built a portfolio of high quality UK supermarket property generating attractive inflation-linked income for shareholders.
“During the quarter, we concluded two rent reviews with increases of 3.9 percent, demonstrating the value of the contracted RPI linkage in our leases.”
The company’s investment properties were independently valued on 31 March at £210.5 million, representing an increase of 4.5% above their aggregate acquisition price. The group has invested so far in three Tesco stores, in Thetford, Cumbernauld and Bristol, and a Sainsbury’s in Ashford, Kent.
Shares are currently trading down 0.25 percent at 100.75 (0832GMT).
Servier buys Shire arm for £2.4 billion
FTSE 100 biotech company Shire (LON:SHP) has made a $2.4 billion deal with international pharmaceutical company Servier for the sale of its Oncology business.
Shire chief executive Flemming Ornskov said that while the Oncology business had delivered “high growth and profitability, we have concluded that it is not core to Shire’s longer-term strategy”.
“We will continue to evaluate our portfolio for opportunities to unlock further value and sharpen our focus on rare disease leadership with selective disposals of non-strategic assets.”
Shire has already been the subject of some takeover speculation, with the CEO of Takeda, Japan’s largest drugs firm by sales, flying to the US last week to drum up shareholder support for an offer.