President Alan Riddoch

Updates

Need suggestions about stocks? If anybody would like to give

presentation on stocks or ideas? (See Jonny Murphy after)

Guest Speakers from Investec

Equity Indexes

Points Monthly Change %

FTSE 100 5,789.45 3.24%

CAC 40 3,706.02 1.63%

DAX 7,715.53 1.32%

S&P 500 1,472.05 3.05%

Nasdaq 3,125.63 3.71%

Commodities

Price Monthly Change %

WTI (Oil) $87.61 -0.76%

Gold $1662.98 -2.13%

Silver $34.20 -0.03%

Copper $353.75 -0.04%

Economic Highlights

Fiscal Cliff: Spending Cuts and Taxes delayed for two months.

Economic Highlights

UK Services Sector Shrinks for the first time in two years.

PMI Services at 48.9 – Lowest reading since April ‘09.

UK Triple Dip? Good Economist to

follow for financial markets: Chris Williamson @WilliamsonChris

Economic Highlights

Retail Sector Slow over Christmas

British Retail Consortium reported an “underwhelming” festive season.

On a like for like basis sales only gained 0.3% on the previous year.

However, online sales grew 17.8% on last year.

Monthly FTSE100 Risers and Fallers

Best

Perfo

rmin

g

Wors

t Pe

rform

ing

UK Share Change

9.84%

8.89%

8.72%

8.22%

UK Share Change

Eurasian -20.61%

BG Group -18.75%

Pennon Group

-16.78%

Randgold Resources

-11.59%

Kazakhmys -9.07%

Melrose -8.98%

Anglo American

-8.78%

Vodafone -8.26%

G4S -6.60%

United Utilities

-6.16%

Fantasy Portfolio & League

Tom Calland

Fantasy Portfolio (£100,000)

Fantasy Portfolio: 31st Oct – 23rd Nov

31-O

ct-1

2

3-Nov

-12

6-Nov

-12

9-Nov

-12

12-N

ov-1

2

15-N

ov-1

2

18-N

ov-1

2

21-N

ov-1

29000000

9200000

9400000

9600000

9800000

10000000

10200000

10400000

10600000

10800000

11000000

Fantasy Portfolio

£107,359.75

£96,610.78

League Standings: 31st Oct – 23rd Nov

Here is a table to show the top 20 most active members at the LSU TRADING Competition, a fantasy trading league in Bullbearings.co.uk

*Currently, VNMX is at the top of the league with £104,698 total stock tradings

*He is followed by MTStrander with £102,762 and Adam Abbas with £101,266

*KEEP TRADING! remember, the competition will run until April 1st 2012.

Personal FinanceKat Bateman

The BIG five facts about student loans

Go for the biggest 0%

overdraft deal possible

Never go over your overdraft

limit

Beware, your credit will be

scored

DON’T base your choice on

the closest branch or ATM

After graduating,

switch to a top graduate account

Who offers the best student bank account?

Individual Virtual Fantasy Fund League!

The

Co-op Bank

Overdrafts:Guaranteed 0%Y1: £1,400 Y2: £1,700 Y3: £2,000

Santander

Overdraft: Y1: £1,500 Y2:£1,500Y3:£1,500£50 sign up bonusOverdrawn?Pay £5 per day!

Halifa

x

Overdraft:

Up to £3000 over 3 years

Arranged overdraft cost7.2% and not guaranteed

Taxes payable on sharesThree types of Tax:

-Stamp Duty-Capital Gains Tax (CGT)-Income Tax

Sam Foxall

Stamp Duty

- Levied against the value of shares bought in one ‘paper transaction’

- Transactions up to the value of £1,000 are exempt, HMRC doesn’t even need to know

- Transactions above the value of £1,000 are subject to the current rate of 0.5%

- Typically dealt with by the broker when entering a trade

- If you’re given paper shares you don’t pay stamp duty

Capital Gains Tax

- Tax paid when you make a profit on shares- Any losses you make can be deducted from the

profit to reduce this amount- Current ‘Annual Exempt Amount’ is £10,600,

profits up to this value are exempt from CGT- Above this amount profits of up to £35,000 are

subject to 18% CGT, profits above £35,000 are subject to 28% CGT

- The Annual Exempt Amount is re-calculated annually and typically increases in line with CPI

- All CGT must be paid by January 31st of each year

For Example

Share Profit/Loss (£)CRE 10,000AMY 8,000DAV -2,000 16,000 <- Total Profit or loss

Subtract the Annual Exempt Amount from this:

16,000 -10,600 5,400

If this figure is still positive it is liable to CGT

5,400 (<35,000) subject to 18% CGT

(5,400/100)*18 = 972

CGT of £972 on a profit of £16,000

Income Tax

- Only applicable if you receive income via stock dividends (Major shareholders, members of co- operatives, board members, high ranking executives etc.)

- Normal rules of income tax apply

For more information

www.hmrc.gov.uk

www.londonstockexchange.com

Fantasy Fund Performance

Fund Manager – Jonny Murphy

Best Performer

Mulberry 31st October – Present

Purchase Price - 990.00p Current Price – 1055.00p

We have an overall profit of £652.60 at this point.

WHY?

Mulberry

Mulberry

Handbag group Mulberry has seen its shares plunge 28% this year as fears over future growth mount as the financial crisis hits top-end buyers. 23rd October’s profit warning gave the shares low confidence after the company announced that it expected group revenue growth to be below market expectations and said profits would be lower than last year.

Mulberry

However it is important to consider future growth – the shares have taken a serious hit this year but represent good value.

We believe we have bought at a low end and the price will undoubtedly rise and the company grows in the future.

Worst Performer

Kazakhmys 31st October – Present

Purchase Price – 736.00p Current Price – 680.50p

We have an overall loss of £749.25 at this point.

WHY?

Kazakhmys

Kazakhmys – Fall in Copper Price

Kazakhmys

Here we see a large fall in copper prices – this directly effects our stock as they are a copper producer.

This may be due to a fall in equity confidence from the Presidential elections and slowed growth figures from China dragging mining stocks.

Overview Of Portfolio

REAL STOCKS!!!!

We have finally been given the green light to trade with real money…

We are going to put various stocks forward for your vote.

You will also have a vote on a sector and one stock within this sector to invest in.

My Recommendation

easyJet – Travel & Leisure sector. WHY?

Good growth figures year on year Performed better than expected over

the last year Well known brand

easyJet

44% increase in 6 months.