The Bitcoin price has risen 115% in 2020.By contrast, many cheap UK shares have recorded major declines.As such, the virtual currency may seem more appealing than a basket of FTSE 100 and FTSE 250 shares.
However, the prospect of a long-term stock market recovery following the recent crash means that today’s undervalued shares could deliver impressive capital returns.
As such, investing money in a diverse range of high-quality British shares could be a more profitable long-term move than purchasing Bitcoin.Buying cheap UK shares for the stock market recovery
Buying cheap UK shares could produce impressive returns in a long-term stock market recovery.After all, indexes such as the FTSE 100 and FTSE 250 have always successfully returned to record highs following their previous bear markets and crashes.
However, buying high-quality companies at low prices could be an even more profitable strategy.
Businesses with competitive advantages may be better placed to benefit from increasing consumer confidence and an economic recovery.Similarly, companies with spare cash could use it to strengthen their market position through acquisitions or investment in new products.
Therefore, considering the quality of a business as well as aiming to buy cheap UK shares could be a means of generating stronger returns.It may also mean less risk, since stronger companies could be less likely to fold under a tough set of economic conditions.
Building a diverse portfolio of FTSE 100 and FTSE 250 shares
It’s possible to build a diverse portfolio of cheap UK shares.The dealing costs within ISAs are often relatively low.
Services such as regular investing may also be available that further reduces commission costs.
Diversifying not only reduces risk through being less reliant on a small number of companies for returns.But it also provides access to a wider range of growth opportunities.This may be especially relevant at the present time.That’s because it’s currently difficult to know which sectors will recover quickest after the 2020 stock market crash.As such, a diverse portfolio of stocks may offer greater long-term growth prospects in an uncertain period for the world economy.
Story continues Bitcoin’s long-term prospects
Of course, Bitcoin doesn’t offer the diversification benefits of cheap UK shares.
Furthermore, the virtual currency’s price is based solely on investor sentiment rather than fundamentals.This makes it more difficult to ascertain whether its price factors in risks such as regulatory threats and a limited infrastructure.
Therefore, investing money in a diverse range of high-quality FTSE 100 and FTSE 250 shares ahead of a likely economic recovery could be a better option from a risk/reward perspective.Doing so, could produce a surprisingly large nest egg in the long run.It could also minimise risk in what could prove to be an uncertain economic period over the coming months.
The post Forget the Bitcoin price! Here’s how I’d invest money in cheap UK shares to get rich appeared first on The Motley Fool UK.
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Motley Fool UK 2020 The judge is still set to appear on the show ‘by the power of technology’.
3 minutes ago Scatec Solar ASA – Share capital increase registered with the Norwegian Register of Business Enterprises Oslo, 13 November 2020: Reference is made to the stock exchange announcement published by Scatec Solar ASA (“SSO” or the “Company”, ticker code “SSO”) on 21 October 2020, where the Company announced that the Board of Directors of the Company had resolved to increase the Company’s share capital through a private placement following an accelerated a book building process, and the stock exchange announcement published by the Company on 12 November 2020, where the Company announced that an Extraordinary General Meeting had resolved to increase the Company’s share capital in accordance with the proposal from the Board of Directors.On 13 November 2020 the Company issued 6,884,198 new shares (the “Private Placement Shares”), which were allocated in the private placement.The Private Placement Shares have been issued on the Company’s existing ISIN NO0010809684 and admitted to trading on Oslo Stock Exchange as of today.
The share capital increase has also been registered with the Norwegian Register of Business Enterprises (Nw.
Foretaksregisteret).As a result of the share capital increase, the Company has 158,335,667 shares in issue, each with a par value of NOK 0.025.For further information, please contact:Ingrid Aarsnes, VP Communication & IRTel: +47 950 38 [email protected] About Scatec Solar ASA: Scatec Solar is an integrated independent renewable power producer, delivering affordable, rapidly deployable and sustainable clean energy worldwide.
A long-term player, Scatec Solar develops, builds, owns, operates and maintains power plants and has an installation track record of more than 1.6 GW.The company has a total of 1.9 GW in operation and under construction on four continents.
With an established global presence and a significant project pipeline, the company is targeting a capacity of 4.5 GW in operation and under construction by end of 2021.Scatec Solar is headquartered in Oslo, Norway and listed on the Oslo Stock Exchange under the ticker symbol “SSO”.To learn more, visit www.scatecsolar.com This information is subject to the disclosure requirements pursuant to Section 5-12 the Norwegian Securities Trading Act 4 minutes ago Globe Newswire U.A.E.Facility Management Market Report 2020-2030: Market is Predicted to Grow from $14,949.9 Million to $34,959.4 Million Dublin, Nov.13, 2020 (GLOBE NEWSWIRE) — The “U.A.E.
Facility Management Market Research Report: By Service, End User, Mode, Type – Industry Analysis and Demand Forecast to 2030″ report has been added to ResearchAndMarkets.com’s offering.
The market is predicted to grow, in valuation, from $14,949.9 million to $34,959.4 million from 2019 to 2030, demonstrating a CAGR of 9.3% from 2020 to 2030.Due to its massive skyscrapers, luxurious lifestyle, sprawling shopping malls, lavish resorts, guest houses, and hotels, and adrenaline-inducing adventure parks, the U.A.E.is rapidly becoming a major tourist destination.The rising tourist footfall is pushing up the requirement for facility management services in the country, thereby driving the advancement of the U.A.E.facility management market.The Dubai Expo 2020 is another important factor fueling the progress of the U.A.E.facility management market.
The increasing number of construction activities, including the building of several metro stations, opulent hotels, and expansive shopping centers and renovation projects being launched all over the country as part of the Dubai Expo 2020 preparations, will massively bolster the expansion of the market in the future.This is because these settings and facilities would one day become operational and require a plethora of facility management services.Currently, the progress of the U.A.E.facility management market is being severely hampered by the COVID-19 pandemic.This is because the lockdown that has been initiated all over the country for controlling the spread of the virus has resulted in the shutting down of shopping complexes, mosques, manufacturing plants, hotels, and tourist attractions.This has, in turn, reduced the requirement for facility management services in the country.However, the growing public awareness of the disease and its various spreading modes is propelling the need for disinfection services, which is, in turn, causing gradual growth of the market.U.A.E.Facility Management Market Segmentation AnalysisThe catering category, under the service segment of the U.A.E.
facility management market, would exhibit the highest CAGR in the market in the coming years.This is because of the thriving business sector in the country and the subsequent rise in the requirement for fresh and healthy food items amongst the employees.In the past years, the highest growth in the U.A.E.facility management market, on the basis of end user, was demonstrated by the commercial category.This is credited to the fact that the provision of facility management services by specialized firms allows businesses to focus more on their operational areas and business processes without thinking about the maintenance of their physical assets such as manufacturing facilities, distribution centers, and offices.The outsourced category, present under the mode segment of the U.A.E.facility management market, is predicted to register higher growth in the market over the next decade, mainly due to the increasing outsourcing of facility management services by businesses across the world.This is being done so that the businesses can fully focus on their operations.Presently, the hard category is exhibiting higher growth in the type segment of the U.A.E.facility management market.
The hard services are highly technical in nature and thus, can only be offered by trained professionals.Due to this reason, the hard services are usually costlier than the other facility management services.As a result, the hard category is generating higher revenue in the market.Manufacturing firms are the biggest end users of these services, on account of the significantly high requirement for MEP (mechanical, electrical, and plumbing) services in the production facilities of these firms.Market Players Focusing on Geographical Expansion for Attaining High Revenue GrowthThe companies operating in the U.A.E.
facility management market are rapidly setting up offices in various countries and regions in order to expand their global presence.For example, Emrill Services, a leading facility management services providing company in the U.A.E., set up one office each in Sharjah and Ras Al Khaimah in September 2019 in order to capitalize on the mushrooming requirement for facility management services in these emirates on account of the boom in the residential, hospitality, construction, and retail sectors.Similarly, in Abu Dhabi, Farnek Services LLC began offering full protection services at commercial offices, shopping malls, industrial premises, hotels, and residential buildings in April 2017.The organization entered into an agreement with International Emirates Business Group (IeBG), according to which, it would offer security services in the capital city of the U.A.E.Key Topics Covered: Chapter 1.Research BackgroundChapter 2.Research MethodologyChapter 3.
Executive SummaryChapter 4.Introduction4.1 Definition of Market Segments4.1.1 By Service4.1.1.1 Property4.1.1.1.1 HVAC maintenance4.1.1.1.2 Mechanical and electrical maintenance4.1.1.1.3 Others4.1.1.2 Cleaning4.1.1.3 Security4.1.1.4 Catering4.1.1.5 Support4.1.1.6 Environment management4.1.1.7 Others4.1.2 By End User4.1.2.1 Commercial4.1.2.2 Residential4.1.2.3 Industrial4.1.3 By Mode4.1.3.1 In-house4.1.3.2 Outsourced4.1.3.2.1 Integrated4.1.3.2.2 Bundled4.1.3.2.3 Single4.1.4 By Type4.1.4.1 Hard4.1.4.2 Soft4.1.4.3 Others4.2 Market Dynamics4.2.1 Trends4.2.1.1 Surge in demand for cleaning services4.2.2 Drivers4.2.2.1 Growing tourism industry4.2.2.2 Increasing investments in construction sector4.2.2.3 Impact analysis of drivers on market forecast4.2.3 Restraints4.2.3.1 Inflationary pressure on the facility management service industry4.2.3.2 Workforce management4.2.3.3 Impact analysis of restraints on market forecast4.2.4 Opportunities4.2.4.1 Upcoming major projects and events in the country4.3 Impact of COVID-19 on Facility Management Market4.4 Porter’s Five Forces AnalysisChapter 5.U.A.E.
Market Size and Forecast5.1 By Service5.1.1 Property Services Market, by Type5.2 By End User5.3 By Mode5.3.1 Outsourced Services Market, by Type5.4 By TypeChapter 6.U.A.E.Facility Management End-User Capacity Analysis6.1 Commercial End User, by Capacity6.1.1 Office Capacity6.1.2 Retail Capacity6.1.3 Hotel Capacity6.2 Residential End User, by Capacity6.3 Industrial End User, by CapacityChapter 7.U.A.E.
Facility Management Workforce Analysis7.1 Workforce Analysis, by End User7.2 Workforce Analysis, by ModeChapter 8.Competitive Landscape8.1 Competitive Analysis of Key Players8.2 Key Players and Their Offerings8.3 List of Other Market Players8.4 Strategic Developments of Key Players8.4.1 Geographic Expansions8.4.2 Partnerships8.4.3 Client Wins8.4.4 Service LaunchesChapter 9.Company Profiles9.1 Business Overview9.2 Product and Service Offerings Emrill Services LLCImdaad LLCFarnek Services LLCEngie CofelyAl Shirawi Facilities Management LLCEtisalat Facilities Management LLCTransguard Group LLCBlue Diamond Facilities Management LLCReliance Facilities ManagementDeyaar Development PJSC For more information about this report visit https://www.researchandmarkets.com/r/dvqxra Research and Markets also offers Custom Research services providing focused, comprehensive and tailored research.CONTACT: CONTACT: ResearchAndMarkets.com Laura Wood, Senior Press Manager [email protected] For E.S.T Office Hours Call 1-917-300-0470 For U.S./CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900 4 minutes ago German economy taking hit from lockdown measures in November – ministry Germany’s economic recovery continued until October but has slowed since August, the Economy Ministry said on Friday, adding that lockdown measures implemented to slow the spread of the coronavirus hit the economy in November.The German government’s council of economic advisers on Wednesday said it expected Europe’s largest economy to shrink less than initially feared this year thanks to a strong summer, but a second wave of the COVID-19 pandemic was clouding the growth outlook for 2021.
Insolvency applications from companies in Germany dropped by 35.4% in August year-on-year, the Federal Statistics Office said on Friday, adding that the drop was mainly due to a temporary suspension of obligations to file for insolvency from March, not reflecting the hardship many companies are facing due to the pandemic.4 minutes ago UK leader’s top adviser to step down amid power struggle British Prime Minister Boris Johnson’s top adviser plans to step down at the end of the year after a bruising battle for influence at the heart of the British government fueled by tensions over Brexit and the COVID-19 pandemic.Amid speculation that he would leave government, Cummings late Thursday night told the BBC that he planned to be “largely redundant” by Christmas.
Political commentators had suggested Cummings would step down after one of his allies was denied an appointment as Johnson’s chief of staff.4 minutes ago.