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With Airbnb set to IPO next week with a price range of between $44 and $50 per share, the company could raise as much as $2.5 billion with a target valuation of $32 billion. If the company can achieve the top end of its targeted valuation, it will once again underline the extent to which […]

The crisis has forced us to work in accordance with new procedures using new technologies. Business processes, such as alternative investment capital, were redesigned in an unplanned revolutionary manner and at unprecedented speed. A positive effect of the pandemic has been the rocketing digital adoption with levels that previously took several years to achieve being […]

Warren Buffett and Charlie Munger of Berkshire Hathaway fame are widely heralded as the greatest investors of all time.  Their tried and tested investment strategy is centred on buying securities in typically well-established, non-tech companies identified through their investment model as under-priced.  Whilst Berkshire Hathaway has its own number crunching fundamental analysis to identify investment […]

Since the liquidity crisis in March, as the S&P has rallied to all- time highs this summer there has also been a strong correlation between the index and the price of Bitcoin. In our latest blog, we ask whether this statistical relationship suggests the fate of the world’s biggest cryptocurrency has become tied to the […]

The COVID-19 pandemic has impacted all parts of the global economy. Venture Capital (VC) across Europe has remained surprisingly resilient with investment on target to exceed previous records set in 2019.  Below we look at the figures for the first six months of 2020 and what can be expected for the second half of the […]

The last week of August saw seven high profile US tech unicorns announce upcoming Initial Public Offerings (IPOs) with a combined valuation in the region of $44 billion.  Add into the mix Airbnb filing for its long-awaited public offering and these look like very exciting times for the US IPO market.  However, not all is […]

Smaller companies will tend to be more vulnerable to the pandemic and its economic turbulence.  Most have little or no financial reserves and sell a limited range of products.  However, well-funded smaller companies have a major advantage over larger firms as they can change direction much quicker and this flexibility could prove vital as they […]

Previous downturns show that the investments made post downturn and in to the early stage of recovery can benefit from lower prices, less competition and a macroeconomic tailwind.  As a result these investments will normally significantly outperform those made at higher prices pre downturn. Right now, the balance of power is favouring investors and this […]

In a COVID-19 economy, it’s your job to adapt or be left behind To stay competitive, businesses must diversify revenue streams, manage risk, access financing, and do everything in their power to maximize productivity. It is vital for companies to retain existing customers – many of whom will have different expectations in a new-normal world. […]

On 24 June PWC released their latest economic review providing updated UK economic data, including the results from the Office for National Statistics (ONS) Business Impact of Coronavirus Survey, and highlighting April’s GDP data, retail sales and the labour market. There is also a special focus on the impact of COVID-19 on UK trade and […]

In our latest blog, CSS Partners looks at the extensive In Gold We Trust report and also at the latest figures from the World Gold Council on investment levels into gold. The In Gold We Trust analysis is an annual report on the gold market by Incrementum.  The full report runs to 350 pages and […]

Gold is heading for $3,000, Bank of America says.  “The Fed can’t print Gold” 21 April 2020 Over the past twelve months, the gold price has increased by 34% to over $1,700 per ounce.  Many analysts are forecasting great things for gold with Eduardo Elsztain predicting “this level only express the start point of what […]