I have a holding in Interserve a UK based support services and building contractor. It was until recently one of my larger holdings. From the 2009 financial crisis share price lows of sub 200 pence per share it climbed to peak at over 700 pence per share in early 2014 and has since retreated again to circa. 240 pence per share at the time of writing. Read more
Posts from the ‘Infrastructure’ Category
Republican Presidential Nominee apparent for the 2016 election (unless the Republicans can depose him at their convention) Billionaire property tycoon Donald Trump as part of his electioneering bravado has promised to construct a wall along the Mexican border to stop illegal immigrants from entering the US.
UK General Election 2015: In a Democracy, the People Get the Government They Deserve, Whether We Vote for Them or Not…
The comment is attributed to C.19th French political writer Alexis de Tocqueville with my additional quip to his observation in light of the 2015 election debate. Our politicians represent our current political wants, wishes and prejudices in a system of our choosing. The democratic system, in the UK at least, was hard fought for and took centuries to achieve.
In my April blog I mention using the low interest rate environment for governments and their agencies to borrow cheaply to invest in infrastructure projects. Pension funds and life-assurance companies are also being encouraged, especially by UK Chancellor of the Exchequer George Osborne, to invest their cash in infrastructure projects to match their long term liabilities to policy holders with reliable cash-flows from projects lasting up to 30 years or more.