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Follow us to hear our latest market views, commentary and company insights from our investment team.

PAM Weekly Investment Blog – May

It’s rarer these days and in the age of the internet harder but nevertheless reading a good book is worth its weight in gold and a combination of a bank holiday and time in airports in the last fortnight meant I’ve had a chance to read three. As well as... read more

PAM weekly investment blog – April

The old Yorkshire phrase “there’s ‘nowt as queer as folk” has never been so apposite as some of the goings on this week. Michael Eisner, former boss of Disney who’s done it all, seen it all, taken over huge companies like ABC, CBS, XYZee... read more

PAM weekly investment blog

Ash Wednesday tomorrow and I don’t feel like giving up anything and I cannot possibly give up chocolate given it’s standard fare in this office.  Maybe merlot and macadamia nuts but not chocolate…  Back from spending the w/e with a load of Italian rugby supporters... read more

PAM weekly investment blog – February

They’ve been jostling in the aisles this w/e as the broccoli shortages spread and rationing is introduced across the land.  We’re restricted to just three purple sprouting broccoli heads each.  Heaven forbid!  How very dare they? Elsewhere the news that... read more

And it’s a wrap…

If someone had suggested at the start of 2016 that the UK would have voted to leave the European Union,  Donald Trump been elected President of the United States and Matteo Renze have lost a referendum on the most basic reforms of an unwieldy Italian constitution,... read more

What a social licence to operate looks like

Its fascinating to see a new mine being planned. The geological models,  the drill hole maps, plans of pit designs and plant engineering and metallurgical models. Investors like me get excited by things like bottom decile capex and costs, 52% margins (even at todays... read more

Have bonds become the new equities?

Bonds are boring. You buy them for a safe income steady income. Wrong on both counts. Between 22/6 and 31/8 the price of the Index-linked gilt 2062 went up from 185 to 260! That’s a government bond, not a high tech stock. Some now say with tongue in cheek that you buy... read more

PAM view following the UK vote to leave the EU

Following the UK vote yesterday to leave the EU, we thought it would be useful to summarise current PAM investment strategy. We had already been defensive in our asset allocation in the run-up to the EU vote arguing that equities were fairly valued and we had also... read more

Listen to Amanda van Dyke discuss her views on gold: