Online Tool Helps Investors of Maltese Companies
Posted: 09/04/2012 Filed under: Investment | Tags: investments, stock market, Website Leave a comment »
For those who are seeking to invest in Maltese companies, a new website just made the process easier. This new website, blackdigits.com.mt, will help investors to compare and contrast Maltese companies in several different aspects. The founders of this website admit that financial reports from companies are difficult to read and understand, especially for new investors who may not be familiar with the way these annual reports are laid out. This website will present information on Maltese companies that is easy to read and understand and investors, when using this site, will be able to make investment decisions based on this information.
Currently there are 33 different Maltese companies that are listed on the site and included in the reports are things like share prices over time and debt information that can help to compare and contrast Maltese companies. All of the companies listed on the site are listed on the Malta Stock Exchange and there is a tick box system that will give users up to the minute results.
Though this website took about 18 months to make, as all financial data was manually input into the site, the plan is for users to update the information in the future. This would allow all users to update information for each other, similarly to how a wiki works.
This is the first financial type website of its kind in Malta and the founders of the site are confident that it will be successful. It is their hope that once people began using the site, that it will really take off. After all, with its wiki-like nature, it is only going to work when it is updated by users.
The founders of Blackdigits say that they have several ideas for the future and they include adding more companies as well as introducing a rating system that would further help Maltese investors make intelligent choices.
How Will New Government Affect Property Investors
Posted: 14/05/2010 Filed under: Investment, UK Company Set Up, UK election, UK Investment, Uncategorized | Tags: investments, recovery, Small Business Leave a comment »The rumour is so strong that George Osborne is going to hike up capital gains tax in his emergency budget that i am not even sure it qualifies as a rumour. It is fairly certain that the property sector in the UK is going to rasie CGT from 18% to a whopping 40% or maybe even 50%. That is going to have huge ramifications for small business men who earn their living in property. But contrary to what you may think it is not all bad news for property investors.
Granted this is news that will have some property investors gasping for air. So much so that it may well lead to a lot of people getting rid of their properties. This is likely to send prices plummeting. But here is, no cloud without a silver lining. Those people who make their living through renting property and are lucky enough to be able to finance it will be very excited by this news. They will be able to snap up property at a very low price and then rent it and sit back and wait to see what happens. With most landlords keeping their properties for an average of 12 years, todays policies on CGT are of little consequence.
It may be a very a good time to be a property investor in the UK.
Broadband Tax Investigation of Interest To UK Companies
Posted: 14/02/2010 Filed under: UK Company Set Up | Tags: broadband, investments, Tax, Taxation, UK tax Leave a comment »It does not matter what line of business you are in these days you are going to need your internet. As hard as it is for some of us older ones to admit, we could not do without it. So it is of great interest to UK companies how the government handle things to do with broadband and the like. Ideally it will result in our internet being fast, cheap and efficient.
Last week BusinessZone had an interesting article on the plans of Lord Mandelson to role out a ‘super high speed’ broadband network that will reach ninety percent of the UK population by 2017. Sounds like a great idea to me, so far. Less time waiting for stuff to download is more time I can be spending doing other things.
I also have no problem supporting the idea that the current level of service needs to be improved until it reaches every inch of the country. There are businesses trying to operate from everywhere and they should all be given a fair go.
As Mr Mandelson puts it “This investment is about bringing the future of broadband to areas of the country that would otherwise miss out. We cannot underestimate the opportunities this will bring for homes and businesses which is why we are taking action to make sure everyone benefits.”
As for the way they plan to fund all this, a so called ‘tax’ on landlines of 50p per month, I can even live with that.
If you are in anyway concerned about this taxation though and how it is going to affect your business then feel free to get in contact with us at St Matthew eAccounting. We make sure we stay on top of all the latest news affecting taxation and UK companies so we can best advise our clients.
Companies Rake It In During Cold Snap
Posted: 28/01/2010 Filed under: Investment | Tags: investments, stockmarket Leave a comment »The rest of us may have been roundly cursing the snow by the time we saw the back of it. Between closed schools, impassable roads and unreliable public transport most of us were doing anything but rake in the dough. But some companies could not believe their luck as they watched their profits soar.
Gas and electric companies for example would have seen unprecedented use of their products as the population of Britain struggled to stop their teeth chattering.
Peter Day, a partner at stockbrokers Killik & Co, said: “While the recent cold snap is bad news for companies such as retailers where they may see reduced footfall, this is not necessarily the case for all. Specifically, we would highlight the utility companies, which have lagged the market rebound over the course of the last nine months.
Another area of the economy that saw a rise in its investment potential was the pharmaceutical sector. Just as the worry about swine flu receded the cold snap hit causing a new round of health related concerns. Sending their stocks soaring. It is alright for some as they say over here.
Road rescue firms are also benefiting from the snow and general freezing weather with automobiles experiencing all manner of problems. More importantly the threat of being stuck in snowy, icy conditions has been enough for many people to re think their stance on having break down cover. Not surprisingly many do not fancy the idea of ending up with hypothermia because their car won’t start and decided that they may well need someone to rescue them. The result is a huge jump in the uptake of breakdown cover and a surge in the fortunes of the companies that provide it.
So, while the rest of us bemoan the situation these companies thrive, it really is an ill wind that blows no good.
