20 years ago, a young intern at a leading investment bank was asked for his views on the future of the media industry. His published thoughts included the suggestion that his generation never watched TV. This came as a complete shock to the older generation of analysts and fund managers. Could this apply to the car industry? The following article results from an interview between the Hardman & Co analyst, Derek Terrington, and his son, William (age 23). Derek is famous for his research note exposing Robert Maxwell in the 1990s, when he was the leading media analyst at UBS. The note was entitled Couldn’t recommend a purchase, the acronym of which has been quoted ever since in the City.
01 Oct 2020
THE MONTHLY October 2020
Arbuthnot Banking Group PLC (ARBB:LON), 1,080 | City of London Investment Group PLC (CLIG:LON), 315 | ICG Enterprise Trust PLC GBP (ICGT:LON), 1,193 | Incanthera Plc (INC:PLU), 15.0 | Palace Capital plc (PCA:LON), 230 | Primary Health Properties PLC (PHP:LON), 94.0 | Real Estate Credit Investments Limited (RECI:LON), 115 | Shield Therapeutics Plc (STX:LON), 2.0 | Surface Transforms PLC (SCE:LON), 9.2 | Urban Logistics REIT plc (SHED:LON), 115 | Volta Finance Limited (VTA:LON), 490 | Pantheon International Plc (PIN:LON), 318 | Arix Bioscience Plc (3HY:FRA), 0
THE MONTHLY October 2020
Arbuthnot Banking Group PLC (ARBB:LON), 1,080 | City of London Investment Group PLC (CLIG:LON), 315 | ICG Enterprise Trust PLC GBP (ICGT:LON), 1,193 | Incanthera Plc (INC:PLU), 15.0 | Palace Capital plc (PCA:LON), 230 | Primary Health Properties PLC (PHP:LON), 94.0 | Real Estate Credit Investments Limited (RECI:LON), 115 | Shield Therapeutics Plc (STX:LON), 2.0 | Surface Transforms PLC (SCE:LON), 9.2 | Urban Logistics REIT plc (SHED:LON), 115 | Volta Finance Limited (VTA:LON), 490 | Pantheon International Plc (PIN:LON), 318 | Arix Bioscience Plc (3HY:FRA), 0
- Published:
01 Oct 2020 -
Author:
Hardman & Co Research Team -
Pages:
34
20 years ago, a young intern at a leading investment bank was asked for his views on the future of the media industry. His published thoughts included the suggestion that his generation never watched TV. This came as a complete shock to the older generation of analysts and fund managers. Could this apply to the car industry? The following article results from an interview between the Hardman & Co analyst, Derek Terrington, and his son, William (age 23). Derek is famous for his research note exposing Robert Maxwell in the 1990s, when he was the leading media analyst at UBS. The note was entitled Couldn’t recommend a purchase, the acronym of which has been quoted ever since in the City.