Home » Archives for Damian Wood
Damian Wood

Damian Wood

As an experienced trader, I work for myself managing my own small portfolio and also contributing on several investment news sites. I mix my passion for the industry and journalism to bring my readers informative and trustworthy articles.

Latest Articles by Damian Wood

Lekoil shares take a hit amid loan fraud

AIM-listed Nigerian-headquartered oil explorer Lekoil has temporarily suspended trading of its shares following a loan scandal involving a company that claimed to be working for Qatar Sovereign Investment Fund. A report by Alliance news indicated that the oil producer made preliminary arrangements with a company purporting to be represent...

Tradeshift goes for alternative funding and appears to shelf planned IPO, for now

Tradeshift has today announced it received a new round of funding amounting to $240 million in equity and debt. The near-quarter, a billion additional capital, was obtained from new and existing investors. The firm, which made founded in 2008, set out to disrupt the conventional supply chain payments and marketplaces. Tradeshift plans to...

Barclays, FactSet unveil tool to bolster transparency in the bond market

London-headquartered multi-national bank, Barclays Plc and data service provider FactSet have agreed to collaborate to foster transparency on the “opaque” bond market. Barclays is one of the oldest financial institutions globally, having existed for more than 325 years. Chief Executive Jes Staley currently steers the bank, and it said on...

Doubts cloud China’s pledge to purchase additional U.S. commodities

China says it will buy an additional $95 billion worth of commodities from the US as a boost to phase one trade agreement. But doubts still lurk in the market. Most prices for the raw materials that were captured in the deal dipped on Wednesday, as Bloomberg Commodity Index dropped 0.4%. According to traders, the only way for markets to r...

We’re going public, but expect no profits just yet, Casper

Casper Sleep, a privately held company that sells sleep-related products at several retail stores as well as online, has announced plans to go public this year. The company whose operations span the UK and US sort to clarify its financial position, saying it would bring in profits at a later time. Casper last Friday filed its Initial Publ...

Croatia rises to third position in Europe’s latest real estate gains

2019 went down as the worst year for the UK real estate in a decade. The markets were mainly affected by the pending premiership elections and the Brexit. While the uncertainty hasn’t fully cleared, some parts of Europe are already experiencing modest to massive gains in their real estate rental prices. One such place is Croatia – where s...

Medical cannabis market to be unlocked by UK leading oncologist

Commodities-focused trading firm Block Commodities is planning to increase value in African agriculture through the use of blockchain. The company, which recently appointed Professors Andrew Garner and Justin Stebbing as part of its Scientific Advisory Team (SAT), is looking to discover and unveil lucrative opportunities in the medical ca...

Calisen Group warms up to a London listing

After one of the toughest years in the history of Initial Public Offerings (IPO), it seems companies are settling into the new decade more confidently than in the last. Calisen Group, one of Britain’s largest suppliers of smart meters to households all around the UK is gearing up for a London listing later this year. In a test of investor...

UK Parliament to receive critical farm bill this month

Britain’s minister for environment Theresa Villiers has said that parliament will during the month receive a farming bill that is meant to guide the UK’s agricultural sector following plans to exit the European Union. During the yearly Oxford Farming Conference, Villiers said the government would be focused on funding agricultural activit...

Very few LCF bond investors to be compensated, FCA now says

It is now official that of the 11,600 investors that invested in the inoperative bondholder London Capital & Finance (LCF), only 159 would be compensated. The Investment firm was permanently closed after it was involved in one of the kingdom’s largest savings scandal after the 1988 Barlow-Clowes collapse. It has now been a year since...

BNP, Morgan Stanley to oversee Orange’s Africa and Middle East IPO

The largest telecommunications company in France, Orange SA, is planning to issue an initial public offering (IPO) this year. Sources familiar with the undertaking said that the French phone giant had selected Morgan Stanley and BNP Paribus as its advisors for its Africa and Middle East business IPO. The people further stated that while t...

UK real estate no longer bothered by uncertainty

A real estate investment trust yesterday reported that despite the economic and political instability in the region, UK rental rates have risen over the past year. Real Estate Investors PLC said that contracted rents increased to £17.7 million or by 3.9% in 2019. The trust, which boasts of a portfolio of about 1.6 million square feet of c...

Iran tension easing as oil spike vanishes

Yesterday US President Donald Trump announced that the ongoing conflict between America and Iran appears to be easing. The pronouncement reduced fears of an escalation in the conflict between the two countries, instantly reversing an initial oil spike. US crude dipped 4% the moment Trump announced a possible end to the conflict between th...

Brazilian soybean set to dominate the markets

Findings by the United States Department of Agriculture (USDA) showed that Brazil could soon become the world’s largest producer of soybean, after decades of market dominance by the US. Soybean production both in the US and Brazil has rapidly increased over the last decade, but the former has always taken the lead as other follows. And no...

Saudi Aramco sheds $200 billion off its value since IPO

It’s hardly been over a month since oil giant Saudi Aramco floated its mega IPO that was oversubscribed by about 2.95 times. But the Saudi government entity has hit the headlines again, this time around due to its dwindling fortunes. Aramco, which opted to list on Saudi Arabia’s local exchange, Tadawul, is currently trading at its all-tim...

Bond investors not fooled by Goldman Sachs’ market assessment

Following the assassination of Iranian general Qassem Soleimani on Friday last week, bond investors have been shifting to government bonds triggering a sharp decline in the US government debt. It would appear the high risk associated with bonds that boosted the stock markets last year is slowly wearing off despite the Fed’s intervention....

Airbnb tops list of IPOs to watch out for in 2020

The 2020 IPO market picks up from one of the lowest years in the history of initial public offerings. Tech unicorns such as Lyft and Uber have been trading below their IPO prices since going public last year. WeWork, a once vibrant space-renting company with an initial private valuation of $47 billion, ended up backing down from its plann...

Despite Brexit uncertainty, UK house prices rise

The UK house prices were negatively impacted by the Brexit uncertainty for the better part of last year, but tables started turning as we approached 2020. On average, the UK housing market closed off the year with a 1.4% gain; this is according to a report by Nationwide Building Society. The society indicated that the house prices in most...

Is the US a net crude oil exporter just yet?

There have been various talks and speculations about all the developments that came out of the oil shale boom in the United States, but the idea of achieving full energy independence was perhaps the most unlikely. Back in 2005, daily petroleum imports to the US hit a new high of 14 million BPD as a result of dwindling daily productions an...

One Medical’s $100M IPO sets the 2020 pace

One Medical last Friday filed its Form S-1 with the US Securities Exchange Commission (SEC) and went down in history as one of the first listings in the new decade. One Medical was established in 2007 and operates primary care clinics in nine locations across the United States. The firm is planning to raise about $100 million through its...

A recap of last year’s oil and copper activities

2019 was a fascinating year for oil and metal traders. And this year, experts suggest it won’t be boring either. Last year’s commodities markets were majorly influenced by the US-China trade war, Brexit uncertainty, UK’s premiership elections, and slower global economic growth. President Trump seemed to have found a bargaining chip in his...

Is the 60-40 stocks and bonds split still sound financial advice?

Over the last two decades, it was a rule of thumb for almost all financial advisors: Investors should put 60% of their investment in stocks and 40% in bonds. The balance was presumed to be the “perfect” shield against falling stock prices while benefiting from potential growth. For a while now, the narrative has been sold by market player...

Invested $1,000 in Uber? Here’s what you should have

Uber (NYSE: UBER) has undoubtedly been one of the rookie class’s biggest disappointment this year. The ride-hailing global leader issued its IPO in May this year and since then, it has been on a downward trend, shedding billions off investor money. The stock closed at $30.33 on Monday, proving that unicorns can also fail to fly. Since the...

Commodities headed to a better year

In 2019, commodities globally enjoyed decent growth. The S&P 500 and the Invesco DB Commodity Index Tracking Fund DBC are up 27.2% and 10.5% this year, respectively. However, experts believe that 2020 could be one of commodities’ best trading years, thanks to the just concluded phase one trade deal, OPEC supply cuts, and UK elections....

A decade in the Canadian Market

How good have Canadian stocks performed over the last decade? It’s simple: investors would be better off investing in guaranteed government bonds and avoiding risky and volatile equities. A combined bond investment of provincial, municipal and federal bonds returned 94% amid the financial crisis. But central banks boosted economic growth...

Investing is speculative. When investing your capital is at risk. This site is not intended for use in jurisdictions in which the trading or investments described are prohibited and should only be used by such persons and in such ways as are legally permitted. Your investment may not qualify for investor protection in your country or state of residence, so please conduct your own due diligence. This website is free for you to use but we may receive commission from the companies we feature on this site. Click here for more information.