SIT Land Holdings Ltd (SIT.mu) 2018 Annual Report

first_imgSIT Land Holdings Ltd (SIT.mu) listed on the Stock Exchange of Mauritius under the Agricultural sector has released it’s 2018 annual report.For more information about SIT Land Holdings Ltd (SIT.mu) reports, abridged reports, interim earnings results and earnings presentations, visit the SIT Land Holdings Ltd (SIT.mu) company page on AfricanFinancials.Document: SIT Land Holdings Ltd (SIT.mu)  2018 annual report.Company ProfileSIT Land Holdings Limited is an investment holdings company. The company is involved in the growing of sugarcane in Mauritius. SIT Land Holdings Limited also engages in the acquisition, holding and disposal of agricultural properties. SIT Land Holdings Limited is listed on the Stock Exchange of Mauritius.last_img read more

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Bindura Nickel Corporation Limited (BIND.zw) 2019 Annual Report

first_imgBindura Nickel Corporation Limited (BIND.zw) listed on the Zimbabwe Stock Exchange under the Mining sector has released it’s 2019 annual report.For more information about Bindura Nickel Corporation Limited (BIND.zw) reports, abridged reports, interim earnings results and earnings presentations, visit the Bindura Nickel Corporation Limited (BIND.zw) company page on AfricanFinancials.Document: Bindura Nickel Corporation Limited (BIND.zw)  2019 annual report.Company ProfileBindura Nickel Corporation is a mining company operating mines and a smelter complex in Bindura, Zimbabwe; engaged in the mining and extraction of nickel, and production of nickel by-products (copper and cobalt). The company’s current projects include a shaft re-deepening project, sub-vertical service winder and main rock winder drives upgrade project, concentrator plant and sub-vertical medium voltage switch room equipment replacement project, and a smelter restart project. Founded in 1966, BNC is a subsidiary of Zimnick Limited and operated and majority-owned by Mwana Africa plc, an African multi-national mining company based in Johannesburg, South Africa. The operating subsidiary of BNC is Trojan Nickel Mine Limited. Bindura Nickel Corporation is listed on the Zimbabwe Stock Exchangelast_img read more

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Unga Group Limited (UNGA.ke) HY2019 Interim Report

first_imgUnga Group Limited (UNGA.ke) listed on the Nairobi Securities Exchange under the Food sector has released it’s 2019 interim results for the half year.For more information about Unga Group Limited (UNGA.ke) reports, abridged reports, interim earnings results and earnings presentations, visit the Unga Group Limited (UNGA.ke) company page on AfricanFinancials.Document: Unga Group Limited (UNGA.ke)  2019 interim results for the half year.Company ProfileUnga Group Limited is an agricultural holding company in Kenya which mills wheat and maize and processes baked products and animal nutrition and health products. The company is divided in products produced for human consumption and animal consumption. The human consumption division produces a range of wheat flour products which include chapatti, mandazi, brown bread, maize meal, porridge and amana. The animal consumption division manufactures a range of animal food and mineral supplements. Unga Limited is a subsidiary company which produces feeds, minerals, premixes, animal health products and offers technical services to the agricultural sector in Kenya. Other subsidiary companies include Unga Farm Care (EA) Limited, Ennsvalley Bakery Limited and Unga Millers (Uganda) Limited. Over 90% of products are produced for the Kenyan domestic market with some exports to Uganda, Tanzania and Rwanda. The company head office is in Nairobi, Kenya. Unga Group Limited is listed on the Nairobi Securities Exchangelast_img read more

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Courteville Business Solutions Plc (COURTV.ng) 2020 Annual Report

first_imgCourteville Business Solutions Plc (COURTV.ng) listed on the Nigerian Stock Exchange under the Support Services sector has released it’s 2020 annual report.For more information about Courteville Business Solutions Plc (COURTV.ng) reports, abridged reports, interim earnings results and earnings presentations, visit the Courteville Business Solutions Plc (COURTV.ng) company page on AfricanFinancials.Document: Courteville Business Solutions Plc (COURTV.ng)  2020 annual report.Company ProfileCourteville Business Solutions Plc is the largest e-business solutions company in West Africa and offers financial management and advisory services, business solutions, e-commerce and online marketing solutions. The company is the patent owner of the AutoReg TM Business Solutions Platform. Courteville Business Solutions Plc is represented in 24 states in Nigeria and has business interests in Guinea, Zimbabwe and Jamaica. Other e-business services include NAPAMS, a regulated product administration and monitoring solution for NAFDAC; NIID, an insurance policies database solution for the Nigerian Insurers Association (NIA) and the Insurance Council of Zimbabwe (ICZ); and the AutoReg Inspector TM remote verification tool for law enforcement agencies. Courteville Business Solutions Plc’s head office is in Lagos, Nigeria. Courteville Business Solutions Plc is listed on the Nigerian Stock Exchangelast_img read more

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£5k to invest? I’d buy FTSE 100 dividend stocks in a Stocks and Shares ISA right now

first_img Image source: Getty Images “This Stock Could Be Like Buying Amazon in 1997” Simply click below to discover how you can take advantage of this. Peter Stephens has no position in any of the shares mentioned. The Motley Fool UK has no position in any of the shares mentioned. Views expressed on the companies mentioned in this article are those of the writer and therefore may differ from the official recommendations we make in our subscription services such as Share Advisor, Hidden Winners and Pro. Here at The Motley Fool we believe that considering a diverse range of insights makes us better investors. Our 6 ‘Best Buys Now’ Shares Investing £5k, or any other amount, in the FTSE 100 today may seem to be a risky move. The index has been highly volatile in recent trading sessions, with the uncertainty posed by factors such as the coronavirus and geopolitical risks across the US, Europe and the Middle East causing investors to adopt a cautious attitude towards equity markets.However, history has shown that buying stocks during such periods can be a worthwhile move. The FTSE 100, for example, has always recovered from its downturns to post new highs. As such, now could be the right time to buy a range of FTSE 100 income shares in a Stocks and Shares ISA while they trade on low valuations.5G is here – and shares of this ‘sleeping giant’ could be a great way for you to potentially profit!According to one leading industry firm, the 5G boom could create a global industry worth US$12.3 TRILLION out of thin air…And if you click here we’ll show you something that could be key to unlocking 5G’s full potential…Value opportunitiesThe FTSE 100 may have returned around 9% per annum from capital growth and dividends since its inception, but the index still seems to offer a wide margin of safety for new investors. This may be somewhat surprising after the index has enjoyed a bull market for over 10 years, but its 4.4% dividend yield suggests that there are numerous stocks trading on low valuations.In the short run, those valuations could realistically become even more attractive. The extent of the impact of coronavirus on the world economy is impossible to quantify at the present time. It could cause a significant amount of disruption, or it may follow a similar pattern to similar events in the recent past in terms of not having a sustained impact on global GDP growth.As such, investors who buy shares today could experience a volatile period in the short run that includes paper losses. However, the track record of the FTSE 100 shows that it offers long-term growth, and that buying during periods of weakness enables investors to obtain more favourable risk/reward opportunities that can enhance their financial prospects.Income potentialWith interest rates expected to stay at low levels over the medium term, FTSE 100 dividend stocks could become increasingly attractive. Savers and fixed-income investors may struggle to obtain an inflation-beating income return from their capital. This may increase the demand for large-cap income shares, and could lead to higher share prices for dividend-paying businesses.Therefore, as well as high yields and the prospect of dividend growth, income shares may offer a high level of capital return. This could make them appealing to both income and growth investors – especially with the growth prospects for the world economy being uncertain at the present time.Buying dividend stocks through a Stocks and Shares ISA offers tax efficiency. With the annual dividend allowance standing at just £2,000, reducing your tax bill could become a highly relevant pursuit for an increasing number of investors. As such, as well as buying FTSE 100 income shares while they offer wide margins of safety, doing so through a tax-efficient account could be a worthwhile move over the long run. Peter Stephens | Saturday, 1st February, 2020 | More on: ^FTSE Click here to claim your copy now — and we’ll tell you the name of this Top US Share… free of charge!center_img I’m sure you’ll agree that’s quite the statement from Motley Fool Co-Founder Tom Gardner.But since our US analyst team first recommended shares in this unique tech stock back in 2016, the value has soared.What’s more, we firmly believe there’s still plenty of upside in its future. In fact, even throughout the current coronavirus crisis, its performance has been beating Wall St expectations.And right now, we’re giving you a chance to discover exactly what has got our analysts all fired up about this niche industry phenomenon, in our FREE special report, A Top US Share From The Motley Fool. Renowned stock-picker Mark Rogers and his analyst team at The Motley Fool UK have named 6 shares that they believe UK investors should consider buying NOW.So if you’re looking for more stock ideas to try and best position your portfolio today, then it might be a good day for you. Because we’re offering a full 33% off your first year of membership to our flagship share-tipping service, backed by our ‘no quibbles’ 30-day subscription fee refund guarantee. Enter Your Email Address I would like to receive emails from you about product information and offers from The Fool and its business partners. Each of these emails will provide a link to unsubscribe from future emails. More information about how The Fool collects, stores, and handles personal data is available in its Privacy Statement. £5k to invest? I’d buy FTSE 100 dividend stocks in a Stocks and Shares ISA right now See all posts by Peter Stephenslast_img read more

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I’d buy these 2 FTSE 100 dividend stocks yielding 8% right now

first_imgI’d buy these 2 FTSE 100 dividend stocks yielding 8% right now Image source: Getty Images. See all posts by Rupert Hargreaves I would like to receive emails from you about product information and offers from The Fool and its business partners. Each of these emails will provide a link to unsubscribe from future emails. More information about how The Fool collects, stores, and handles personal data is available in its Privacy Statement. Simply click below to discover how you can take advantage of this. Rupert Hargreaves owns no share mentioned. The Motley Fool UK has no position in any of the shares mentioned. Views expressed on the companies mentioned in this article are those of the writer and therefore may differ from the official recommendations we make in our subscription services such as Share Advisor, Hidden Winners and Pro. Here at The Motley Fool we believe that considering a diverse range of insights makes us better investors. Enter Your Email Address Recent market turbulence has thrown up some fantastic bargains, especially in the FTSE 100. With that in mind, here are two of the lead index’s dividend stocks yielding 8% that could be great additions to your income portfolio.PersimmonHomebuilder Persimmon (LSE: PSN) has faced much criticism in recent years due to the quality of its homes. The company has been prioritising profits over quality in its drive to ramp-up production. This has severely damaged its reputation.5G is here – and shares of this ‘sleeping giant’ could be a great way for you to potentially profit!According to one leading industry firm, the 5G boom could create a global industry worth US$12.3 TRILLION out of thin air…And if you click here we’ll show you something that could be key to unlocking 5G’s full potential…However, to the company’s credit, it has commissioned an independent review and taken its recommendations on board. Management is now trying to prioritise quality over quantity. As a result, new home legal completions for 2019 declined 4% year-on-year as Persimmon focused on putting customers before volume.Going forward, if the corporation can keep this initiative going, the outlook for the business appears bright. The UK housing market remains structurally undersupplied and, as one of the largest homebuilders in the country, Persimmon is only likely to see the demand for its new properties grow. That’s as long as the company can keep improving its reputation.As such, now could be the time to snap up shares in this income giant following recent declines. After these dips, the stock is trading at a price-to-earnings (P/E) ratio of 10.6 and supports a dividend yield of 8.5%. That’s one of the highest dividend yields in the FTSE 100.Taylor WimpeyTaylor Wimpey (LSE: TW) should also be able to capitalise on the state of the UK housing market over the next three-to-five years. Unlike its larger peer, Persimmon, Taylor hasn’t suffered any reputational damage over the past few years. Instead, the business has been concentrating on doing what it does best – building and selling homes.Over the past six years, the company has earned around £2.4bn from its operations. Most of the capital has been returned to investors. A large chunk has also been reinvested back into the business. Last year, Taylor distributed £500m in cash to investors and is planning to return £610m in 2020. At the time of writing, the shares support a dividend yield of 9%. They’re also trading at a P/E of 9.9, which suggests the stock offers a wide margin of safety at current levels.Another reason why this dividend stock could be a great addition to your income portfolio right now is its cash balance. At the end of its last fiscal period, Taylor had nearly £518m of cash on the balance sheet. That is about 16p per share.Not only does this cash balance give the group a financial backstop if the economy takes a turn for the worst but, after stripping the cash out from its valuation, the stock looks even cheaper. Shares in the homebuilder are dealing at an ex-cash P/E of 8.8.center_img Rupert Hargreaves | Sunday, 1st March, 2020 | More on: PSN TW Renowned stock-picker Mark Rogers and his analyst team at The Motley Fool UK have named 6 shares that they believe UK investors should consider buying NOW.So if you’re looking for more stock ideas to try and best position your portfolio today, then it might be a good day for you. Because we’re offering a full 33% off your first year of membership to our flagship share-tipping service, backed by our ‘no quibbles’ 30-day subscription fee refund guarantee. “This Stock Could Be Like Buying Amazon in 1997” Our 6 ‘Best Buys Now’ Shares Click here to claim your copy now — and we’ll tell you the name of this Top US Share… free of charge! I’m sure you’ll agree that’s quite the statement from Motley Fool Co-Founder Tom Gardner.But since our US analyst team first recommended shares in this unique tech stock back in 2016, the value has soared.What’s more, we firmly believe there’s still plenty of upside in its future. In fact, even throughout the current coronavirus crisis, its performance has been beating Wall St expectations.And right now, we’re giving you a chance to discover exactly what has got our analysts all fired up about this niche industry phenomenon, in our FREE special report, A Top US Share From The Motley Fool.last_img read more

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As the stock market crash continues, I’d buy these 3 FTSE 100 stocks today

first_imgFall from 52-week high (%) I would like to receive emails from you about product information and offers from The Fool and its business partners. Each of these emails will provide a link to unsubscribe from future emails. More information about how The Fool collects, stores, and handles personal data is available in its Privacy Statement. 1,050 Fall since 21 February (%) These really are substantial falls. Even the highly ‘defensive’ Diageo has lost almost a quarter of its value in little more than three weeks. This tells me there’s a lot of fear in the market, and that smart, long-term investors should be getting greedy.Déjà vuIn the last 10 days, Shell’s share price has fallen to levels not seen since the last oil price crash in the middle of the last decade and then fallen further (for a couple of months, in the winter of 2015/16, the shares were available at sub-1,500p).Investors who bought at that time locked in annual dividend yields of over 10%. Buyers of £10,000 of Shell stock have since received total dividends of up to £5,000 — and counting.At today’s price of 1,050p, the $1.88 annual dividend (152p at current exchange rates) gives a yield of 14.5%. I’ve got no special insight into the future, but what I do know is that oil price crashes and stock market crashes have never yet lasted forever.World-class brandsDiageo’s told us its sales and profits for its financial year to 30 June will suffer from the impact of Covid-19. However, with China seemingly already over the peak of the outbreak, I find it hard to see the company being affected much beyond calendar 2020.More importantly, in the longer term, I’m confident Diageo’s world-class portfolio of drinks brands — the likes of Johnnie Walker whisky, Gordon’s gin and Guinness stout — will be enjoyed by increasing numbers of people around the world.I’m also confident the company will exceed last year’s earnings of 130.8p per share and 68.57p dividend, in due course. As such, I believe the shares, currently priced at 17.8 times those earnings, with a 2.9% yield on the dividend, offer excellent long-term value.Increasing demandFinally, global medical technology group Smith & Nephew reported strong annual results just before the current stock market crash. It also said it expects revenue growth, and maintained or improved profit margins, in 2020. However, it cautioned that this outlook assumes the “situation regarding [the] Covid-19 outbreak normalises early in Q2.”This looks optimistic. With healthcare services around the world under pressure, I’d imagine there’ll be some delays to non-urgent operations. And as such, temporarily reduced demand for a number of Smith & Nephews products, like knee and hip implants.Again though, looking beyond this year, I believe there’ll be increasing demand for such products in the coming decades. I reckon this is another FTSE 100 stock currently offering great value, with its shares trading at 14.2 times last year’s earnings of $102.2 cents (83p), and a 2.9% yield on the dividend of 37.5 cents (30.5p). G A Chester has no position in any of the shares mentioned. The Motley Fool UK has recommended Diageo. Views expressed on the companies mentioned in this article are those of the writer and therefore may differ from the official recommendations we make in our subscription services such as Share Advisor, Hidden Winners and Pro. Here at The Motley Fool we believe that considering a diverse range of insights makes us better investors. Simply click below to discover how you can take advantage of this. SN 2,330 -40.7 1,180 “This Stock Could Be Like Buying Amazon in 1997” G A Chester | Monday, 16th March, 2020 | More on: DGE RDSB SN RDSB Enter Your Email Address DGEcenter_img Recent share price (p) -38.7 Image source: Getty Images. Renowned stock-picker Mark Rogers and his analyst team at The Motley Fool UK have named 6 shares that they believe UK investors should consider buying NOW.So if you’re looking for more stock ideas to try and best position your portfolio today, then it might be a good day for you. Because we’re offering a full 33% off your first year of membership to our flagship share-tipping service, backed by our ‘no quibbles’ 30-day subscription fee refund guarantee. I’m sure you’ll agree that’s quite the statement from Motley Fool Co-Founder Tom Gardner.But since our US analyst team first recommended shares in this unique tech stock back in 2016, the value has soared.What’s more, we firmly believe there’s still plenty of upside in its future. In fact, even throughout the current coronavirus crisis, its performance has been beating Wall St expectations.And right now, we’re giving you a chance to discover exactly what has got our analysts all fired up about this niche industry phenomenon, in our FREE special report, A Top US Share From The Motley Fool. -44.3 Click here to claim your copy now — and we’ll tell you the name of this Top US Share… free of charge! -35.7 Our 6 ‘Best Buys Now’ Shares The stock market crash continues. The UK’s FTSE 100 has taken another thumping on Monday. However, where there’s fear, opportunities abound for share buyers with long-term investing horizons.I see terrific value on offer, if you can look beyond the near-term turmoil that will inevitably crush many companies’ earnings this year. Running my eye over top FTSE 100 stocks today, I’d happily buy oil behemoth Royal Dutch Shell (LSE: RDSB), drinks giant Diageo (LSE: DGE) and healthcare group Smith & Nephew (LSE: SN).5G is here – and shares of this ‘sleeping giant’ could be a great way for you to potentially profit!According to one leading industry firm, the 5G boom could create a global industry worth US$12.3 TRILLION out of thin air…And if you click here we’ll show you something that could be key to unlocking 5G’s full potential…Big discountsI’ll start by emphasising the sheer size of the discounts these three companies’ shares are now available at, as a result of this stock market crash. As the stock market crash continues, I’d buy these 3 FTSE 100 stocks today See all posts by G A Chester -24.8 -60.0last_img read more

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Worried about the coronavirus? I think these top growth stocks could help protect your wealth

first_img I would like to receive emails from you about product information and offers from The Fool and its business partners. Each of these emails will provide a link to unsubscribe from future emails. More information about how The Fool collects, stores, and handles personal data is available in its Privacy Statement. Renowned stock-picker Mark Rogers and his analyst team at The Motley Fool UK have named 6 shares that they believe UK investors should consider buying NOW.So if you’re looking for more stock ideas to try and best position your portfolio today, then it might be a good day for you. Because we’re offering a full 33% off your first year of membership to our flagship share-tipping service, backed by our ‘no quibbles’ 30-day subscription fee refund guarantee. Image source: Getty Images. I’m sure you’ll agree that’s quite the statement from Motley Fool Co-Founder Tom Gardner.But since our US analyst team first recommended shares in this unique tech stock back in 2016, the value has soared.What’s more, we firmly believe there’s still plenty of upside in its future. In fact, even throughout the current coronavirus crisis, its performance has been beating Wall St expectations.And right now, we’re giving you a chance to discover exactly what has got our analysts all fired up about this niche industry phenomenon, in our FREE special report, A Top US Share From The Motley Fool. “This Stock Could Be Like Buying Amazon in 1997” Worried about the coronavirus? I think these top growth stocks could help protect your wealth Stripped supermarket shelves and angry shoppers over-filling their trolleys have been some of the abiding images of the coronavirus crisis. Panic buying of toilet rolls, soap, pasta and other so-called essential items may have increased the sense of impending doom.But frantic shopper behaviour is something that could drive sales over at Naked Wines (LSE: WINE). That’s what news of surging demand at its recently-divested Majestic Wines stores suggests.5G is here – and shares of this ‘sleeping giant’ could be a great way for you to potentially profit!According to one leading industry firm, the 5G boom could create a global industry worth US$12.3 TRILLION out of thin air…And if you click here we’ll show you something that could be key to unlocking 5G’s full potential…Apparently, “customers are filling their racks with wines from across Europe ahead of any potential disruption to supply lines caused by the Covid-19 outbreak,” the retailer says. As a consequence, sales of Italian and French wines jumped 44% and 68% during the seven days to Tuesday. Sales of English wines have also more than doubled.It’s perhaps little wonder Naked Wines’ share price has remained unchanged over the past month. This may mean the retailer doesn’t come cheap. The business is sporting a price-to-earnings (P/E) ratio of 37.1 times for the financial year to March 2021.However, as a lifeboat in these troubled times, it could be considered worth the premium. City analysts expect annual earnings to double in this period. Majestic Wines’ latest release suggests it could remain on course to do so despite the coronavirus threat.Business is boomingBuying shares in corporate restructuring firm Begbies Traynor Group (LSE: BEG) is another good idea as the coronavirus batters the UK economy. The company’s fallen 14% in value over the past month, versus the near-30% drop for the FTSE 100. It’s no surprise this share has performed better than the broader market. In an increasingly-difficult environment, it’s likely the number of UK firms experiencing financial distress will increase. This will drive business flows at insolvency practitioners, like this AIM-quoted firm, steadily higher.Let me give you an example. According Altus Group, the number of accommodation, food and beverage companies going into insolvency leapt 10.4% in 2019. This picture can only worsen. The number of hospitality providers experiencing severe financial difficulties is tipped to accelerate in the months ahead, as citizens self-isolate in increasing numbers. This bodes well for Begbies Traynor.In great shapeConcerns over Brexit may have been relegated from the front page. But this is another issue adding immense strain to firms in 2020. Immense political and economic uncertainty has supported business activity at Begbies Traynor for well over a year now. More recently, it’s helped drive “strong organic growth” in the three months to January.No wonder City analysts expect Begbies Traynor earnings to rise 18% and 14% in the fiscal years to April 2020 and 2021. In my opinion, this is one of the best shares to capitalise on current economic conditions in the UK, bolstered by its ongoing commitment to expansion via acquisitions.Its rock-bottom forward P/E ratio of 12.9 times also provides an added incentive for dip buyers to pile into today too. Enter Your Email Addresscenter_img See all posts by Royston Wild Click here to claim your copy now — and we’ll tell you the name of this Top US Share… free of charge! Royston Wild | Wednesday, 18th March, 2020 | More on: BEG WINE Royston Wild has no position in any of the shares mentioned. The Motley Fool UK has no position in any of the shares mentioned. Views expressed on the companies mentioned in this article are those of the writer and therefore may differ from the official recommendations we make in our subscription services such as Share Advisor, Hidden Winners and Pro. Here at The Motley Fool we believe that considering a diverse range of insights makes us better investors. Simply click below to discover how you can take advantage of this. Our 6 ‘Best Buys Now’ Shareslast_img read more

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Why I’d use the market crash to load up on Saga shares

first_img Enter Your Email Address Rupert Hargreaves | Wednesday, 15th April, 2020 | More on: SAGA I would like to receive emails from you about product information and offers from The Fool and its business partners. Each of these emails will provide a link to unsubscribe from future emails. More information about how The Fool collects, stores, and handles personal data is available in its Privacy Statement. “This Stock Could Be Like Buying Amazon in 1997” I’m sure you’ll agree that’s quite the statement from Motley Fool Co-Founder Tom Gardner.But since our US analyst team first recommended shares in this unique tech stock back in 2016, the value has soared.What’s more, we firmly believe there’s still plenty of upside in its future. In fact, even throughout the current coronavirus crisis, its performance has been beating Wall St expectations.And right now, we’re giving you a chance to discover exactly what has got our analysts all fired up about this niche industry phenomenon, in our FREE special report, A Top US Share From The Motley Fool. Saga (LSE: SAGA) shares have plunged in value since the beginning of 2020. Shares in the over-50s travel and finance specialist have fallen nearly 70% since the beginning of the year.Investor sentiment towards the company has weakened significantly as investors have priced in the uncertain economic outlook facing the organisation. Despite this setback, Saga shares may deliver a strong performance for investors in the long run.5G is here – and shares of this ‘sleeping giant’ could be a great way for you to potentially profit!According to one leading industry firm, the 5G boom could create a global industry worth US$12.3 TRILLION out of thin air…And if you click here we’ll show you something that could be key to unlocking 5G’s full potential…Saga shares: under pressureSaga had been pinning its hopes on the launch of several new cruise ships to drive growth over the next few years. However, to stem the spread of the coronavirus, cruise ships around the world have been grounded. This will hit Saga’s earnings for the next 12 months at least.The good news is that cruise cancellations haven’t put customers off from booking. According to a recent trading update from the business, 81% of cruise capacity from September onwards has already been sold. What’s more, around half of the customers who were booked to travel on recently-cancelled trips, have re-booked.These figures suggest that customers trust Saga, and will be happy to travel with the group once again when this crisis is over. Moreover, it seems Saga’s other primary business, insurance, will escape the crisis relatively unscathed.While costs could rise due to supply chain disruptions, the company expects fewer accidents. Overall, the net impact should be minimal as a result. This diversification, coupled with the group’s reputation with customers, should help Saga shares recover in the long run.To help cope with the downturn, Saga has suspended dividends for the foreseeable future. The company was due to pay out 2.6p per share this year. But management has decided to hold back these funds for the time being.At the same time, the company has stripped out £15m of costs across the business. It’s also renegotiating credit facilities with lenders. These efforts should provide the group with the financial flexibility required to stay afloat through the crisis.Long-term supportLooking ahead, these actions should support Saga shares in the long term. Saga’s operations may continue to take a hit in the short run, but the company’s strong balance sheet, coupled with its reputation, should help it overcome the current economic dilemma.The group’s diversification also provides a buffer against economic uncertainty. As such, now could be an excellent time to snap up a share of this business at a discounted price. The stock is trading at its lowest level on record.That suggests the Saga share price offers a wide margin of safety at current levels. Even though the company’s recovery may not be smooth, I think its share price has tremendous potential for investors who buy today with a long-term outlook. Our 6 ‘Best Buys Now’ Shares See all posts by Rupert Hargreavescenter_img Renowned stock-picker Mark Rogers and his analyst team at The Motley Fool UK have named 6 shares that they believe UK investors should consider buying NOW.So if you’re looking for more stock ideas to try and best position your portfolio today, then it might be a good day for you. Because we’re offering a full 33% off your first year of membership to our flagship share-tipping service, backed by our ‘no quibbles’ 30-day subscription fee refund guarantee. Why I’d use the market crash to load up on Saga shares Image source: Getty Images Simply click below to discover how you can take advantage of this. Rupert Hargreaves has no position in any of the shares mentioned. The Motley Fool UK has no position in any of the shares mentioned. Views expressed on the companies mentioned in this article are those of the writer and therefore may differ from the official recommendations we make in our subscription services such as Share Advisor, Hidden Winners and Pro. Here at The Motley Fool we believe that considering a diverse range of insights makes us better investors. Click here to claim your copy now — and we’ll tell you the name of this Top US Share… free of charge!last_img read more

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FTSE 100 crash: I’d buy these 2 cheap shares today to get rich and retire early

first_img I would like to receive emails from you about product information and offers from The Fool and its business partners. Each of these emails will provide a link to unsubscribe from future emails. More information about how The Fool collects, stores, and handles personal data is available in its Privacy Statement. FTSE 100 crash: I’d buy these 2 cheap shares today to get rich and retire early Renowned stock-picker Mark Rogers and his analyst team at The Motley Fool UK have named 6 shares that they believe UK investors should consider buying NOW.So if you’re looking for more stock ideas to try and best position your portfolio today, then it might be a good day for you. Because we’re offering a full 33% off your first year of membership to our flagship share-tipping service, backed by our ‘no quibbles’ 30-day subscription fee refund guarantee. Peter Stephens | Monday, 11th May, 2020 | More on: HSBA PSN Enter Your Email Address Click here to claim your copy now — and we’ll tell you the name of this Top US Share… free of charge! “This Stock Could Be Like Buying Amazon in 1997” I’m sure you’ll agree that’s quite the statement from Motley Fool Co-Founder Tom Gardner.But since our US analyst team first recommended shares in this unique tech stock back in 2016, the value has soared.What’s more, we firmly believe there’s still plenty of upside in its future. In fact, even throughout the current coronavirus crisis, its performance has been beating Wall St expectations.And right now, we’re giving you a chance to discover exactly what has got our analysts all fired up about this niche industry phenomenon, in our FREE special report, A Top US Share From The Motley Fool.center_img Image source: Getty Images. Our 6 ‘Best Buys Now’ Shares Buying cheap FTSE 100 shares after a market crash could be a sound means of improving your long-term retirement prospects. Certainly, in the short run there is scope for further declines in the index’s price level. But as previous market crashes have shown, they have always been followed by a successful recovery.With that in mind, here are two FTSE 100 shares that could offer investment potential right now. They do appear to be undervalued. And they could produce improving performances that increase your chances of retiring early.5G is here – and shares of this ‘sleeping giant’ could be a great way for you to potentially profit!According to one leading industry firm, the 5G boom could create a global industry worth US$12.3 TRILLION out of thin air…And if you click here we’ll show you something that could be key to unlocking 5G’s full potential…FTSE 100 housebuilder PersimmonThe near-term financial prospects for FTSE 100 housebuilders such as Persimmon (LSE: PSN) continue to be very uncertain. The construction of new properties may recommence after a shutdown, of course. But appetite among prospective buyers may be low at a time when job security is unlikely to be high across a wide range of sectors.Therefore, it would be unsurprising for Persimmon to continue to report low sales over the coming months. Fortunately, the business reported a strong net cash position in its most recent update. It currently has cash of over £600m. This should mean that it is in a relatively strong position to return to profitable growth in the long run.With interest rates having fallen in response to the coronavirus, the affordability of homes may improve over the medium term. Furthermore, a lack of supply versus demand may lead to robust trading conditions once the economy returns to normal.As such, FTSE 100 housebuilders such as Persimmon may enjoy improving operating conditions that help them to justify higher share prices following what has been a highly challenging period for the industry. Therefore, now could be the right time to buy a slice of the company after its 16% share price slump since the start of 2020.HSBCThe recent first-quarter update from HSBC (LSE: HSBA) provided guidance on the scale of decline in economic activity caused by coronavirus. The global banking business reported a 48% decline in profit for the period, with its sales falling by 5% versus the same period of the previous year.This trend could continue in the near term, since many businesses and consumers are set to remain in lockdown across much of the global economy. As such, asset write-downs could be on the horizon across the banking sector, while lower interest rates may make it more challenging for banks to generate improving profitability over the medium term.However, investors may have priced-in many of the challenges facing HSBC. Its share price has declined by 31% since the start of 2020 – even after the FTSE 100’s recent rebound. This suggests that it offers a wide margin of safety. And, with the company set to enact various cost reductions and a simplification programme as the world economy returns to normality, it could become a stronger business relative to its peers in the coming years. Simply click below to discover how you can take advantage of this. Peter Stephens owns shares of HSBC Holdings and Persimmon. The Motley Fool UK has recommended HSBC Holdings. Views expressed on the companies mentioned in this article are those of the writer and therefore may differ from the official recommendations we make in our subscription services such as Share Advisor, Hidden Winners and Pro. Here at The Motley Fool we believe that considering a diverse range of insights makes us better investors. See all posts by Peter Stephenslast_img read more

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