Richard Windsor
17 October 2017

OnePLus - Learning curve

OnePlus’ slip serves as a warning

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Mel Jenner
16 October 2017 · 2 min read

Qatar Investment Fund proposes broader investment remit and change of name

Proposed greater flexibility to invest across the Gulf Cooperation Council (GCC) countries rather than largely in Qatar

Qatar Investment Fund (QIF) has announced a proposed change in its investment policy to remove the current 15% limit on investment in GCC countries outside of Qatar. It has also put forward other proposals including: a tender offer for up to 10% of issued share capital; cancellation of the 2018 continuation vote, to be replaced by a 2021 vote and every three years thereafter; a tender offer in 2020 for up to 100% of issued share capital, subject to shareholder approval; and changing the company name to Gulf Investment Fund. All these proposals, with the exception of the 2020 tender offer, will be put forward at an upcoming extraordinary general meeting (EGM).

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Sanjeev Bahl
16 October 2017 · 5 min read

Fancy a Ferrari or an EV?

EV adoption impact on oil demand

Electric vehicles are a fascinating subject and not a day goes by without Tesla or a major OEM touting their latest designs and the virtues of electrification of their light vehicle fleet. That excludes Marchionne, Ferrari’s CEO, who famously retorted that ‘you’ll have to shoot me first’ before the supercar brand develops a vehicle without the roaring sound of an internal combustion engine.

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Richard Windsor
16 October 2017

Samsung Q3 17 - Spring clean

Now is the best time to clean house

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Richard Windsor
12 October 2017

Yandex - Homeless

Alice needs a hardware home

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Richard Windsor
11 October 2017

Apple - Expectations gap

iPhone X unlikely to produce the needed super cycle.

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Elaine Reynolds
10 October 2017

Verbier delivers after sidetrack

Statoil’s sidetracked Verbier well has discovered oil after the main wellbore found water filled sand. The company was targeting oil in an updip location on the structure together with joint venture partner Jersey Oil & Gas (JOG). Statoil believes that the 20/05b-13z well has proven a minimum recoverable resource of 25mmbbls, and that the upside could be as much as 130mmbbls. The JV has not at this stage provided details of the discovery such as sand quality and thickness, or of the location of the sidetrack. Appraisal wells will now be planned to assess the commerciality of Verbier, and to mature further prospectivity in the P2170 licence including the Cortina prospect and Meribel lead.

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Richard Windsor
10 October 2017

Microsoft - Blue Squares of Death

Google is the big winner from Windows Phone’s demise

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9 October 2017 · 3 min read

Economic data surprising to the upside in Q3

Strong PMI indices add weight to the case for tighter monetary policy

While valuation concerns for equity markets remain in place, recent economic data in the US and eurozone also points to something of a mini-surge in economic momentum over the last 3 months. PMI data has been coming in ahead of expectations and economic surprise indices have turned higher in all regions. During 2017, investors have had to balance their longer-term valuation concerns with generally robust profits growth and improving economic sentiment. While soft data such as PMI indices should not significantly shift portfolio asset allocations, a hiccup before the end of the year is now looking less likely.

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Richard Windsor
9 October 2017

Amazon & Microsoft - One way street

Amazon gets the best of it for now.

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