Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
Back in early August I loved up the opportunity in Quilters (QLT) which I believed would offer scope for share price appreciation on the basis any spin-off should bolster entrepreneurial belief. The share price chart is some form of a scorecard and - on this basis - it was a bum call. Clearly the macro backdrop and volatile stock markets of the last four or five months of 2018 did not help, as it inevitably crushes the capability of wealth managers to earn as big investment management fees either through the value of a portfolio or via new customers rolling up to have their savings managed. No surprise then to see the shares show a bit of bounce back performance in 2019 given the better headline markets.
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