If you'd invested in: Stobart Group and Imagination Technologies
Infrastructure group Stobart has rewarded investors, while chipmaker Imagination Technologies has hit trouble.
If only...
Stobart Group () began life as a Cumbrian road haulage company, but now operates infrastructure and support services in the energy, aviation and rail sectors. It recently hived off its trucking division in a £550mflotation. The firm's turnover increased by £10m last year to £126.7m, while underlying profit before tax shot up by 98% to £18.4m. Shareholders have been well rewarded, with the share price climbing by more than 110% in the past 12 months.
Be glad you didn't...
Imagination Technologies (LSE: IMG) designs and licenses graphics and video-processing chips for mobile phones, computers and home electronics. The company is an important supplier to Apple and was performing strongly until early April. Then Apple announced that it would stop using Imagination's chips in the iPhone within the next two years. The share price went into freefall, dropping by more than 60%.
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Ben studied modern languages at London University's Queen Mary College. After dabbling unhappily in local government finance for a while, he went to work for The Scotsman newspaper in Edinburgh. The launch of the paper's website, scotsman.com, in the early years of the dotcom craze, saw Ben move online to manage the Business and Motors channels before becoming deputy editor with responsibility for all aspects of online production for The Scotsman, Scotland on Sunday and the Edinburgh Evening News websites, along with the papers' Edinburgh Festivals website.
Ben joined MoneyWeek as website editor in 2008, just as the Great Financial Crisis was brewing. He has written extensively for the website and magazine, with a particular emphasis on alternative finance and fintech, including blockchain and bitcoin. As an early adopter of bitcoin, Ben bought when the price was under $200, but went on to spend it all on foolish fripperies.
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