Welcome to Ingham Analytics
“Expect the Unexpected”
A leading financial markets research and advisory house with global reach
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What is Ingham Analytics?
International financial markets analysis encompassing equity and debt capital markets, central banking, foreign exchange, macro-economics and risk management
Accessible to seasoned private and institutional investors seeking impartial guidance as they navigate choppy world markets and to the novice who wants to learn, grow and gain confidence
Years of Experience
Subscribers
Continents covered
Financial Market Notes Published
Who we are
Ingham Analytics is financial markets and advisory house with a proven track record of independent analysis and impartial advice internationally. The business is non-aligned and has no potentially conflicting activities.
We provide analysis on corporate actions such as mergers & acquisitions, new listings, and equity and debt issuance. Circulars and prospectuses are typically dense, wordy, and laced with jargon that few understand. We cut through that to give a succinct analysis of a corporate action, what the financial effect is, and what we think you as an investor should do.
The advent of MiFID II in the EU in 2018 has made an independent research and advisory offering particularly pertinent. These tougher MiFID II rules require fund managers to pay for analyst research and insights separately to trading fees. The change restricts inducements and prevents conflicts of interest. Ethical considerations, as championed by the CFA Institute and other professional bodies, further strengthens the appeal of impartiality for investor protection. But we go the final mile – everyone is welcome, not just an elitist few.
“An investment in knowledge pays the best interest.” — Benjamin Franklin
Are you looking for seasoned, no-nonsense advice?
Perhaps wondering what to buy or sell across different securities? Or maybe seeking a better understanding in these confusing and volatile times? Or maybe just an ironic, entertaining yet discerning observation on the passing scene, as we communicate in our popular wrap of the week on Sunday?
Then welcome to Ingham Analytics, you’ll feel right at home. Our approach is less is more, you won’t be deluged with vacuous stuff, there is enough of that about, but what we send out we think you’ll want to have in your decision-making arsenal.
Our latest reports
We take the mystery out of finance by delivering to-the-point analysis where you’ll find no waffle or jargon, making it accessible to all audiences.
Our philosophy is good quality, independence, and reliability. We’ve always done things this way and it won’t change.
Ingham Analytics is ceasing all publications.
Ingham Analytics is ceasing publication of its public research notes with immediate effect to focus on our asset and risk management and specialist financial markets consulting work.
The Macro View (bonds) – “Not at all curvaceous”
If a week is a long time in politics, then the same could be applied to bond markets. Our recent note “Plane crash on the Hudson Mk II?” was well timed. Now, with U.S. CPI at 7.5%, has anything changed? The answer is no. Interest rates are heading north but economic growth is heading south. There is no navigating through things without serious policy errors by central banks, whose track record is already abysmal.
Welcome to our Weekly Letter on Sunday. Brent oil was $95 a barrel on Friday. Oil companies can scarcely believe their good fortune. Eagle eyed investors will have noticed that a supermajor oil company reported Q4 and full year 2021 results as Shell PLC, not Royal Dutch Shell, as this is the first set of results as a unified entity with a principal London headquarters and listing
As we mentioned last week with respect to ExxonMobil and Chevron, the final quarter of 2021 was a bumper financial period too for both Shell and BP as oil prices recovered from the pandemic lows of 2020
The Macro View (bonds) – “Plane crash on the Hudson Mk II?”
Is a hard landing in bonds and high-yield debt in sight, a financial markets flight 1549 type plane crash in the Hudson River, New York? Or not? We examine factors behind recent moves in the bond markets in Europe and the United States and what lurks in the high-yield debt market.
Welcome to our Weekly Letter on Sunday. A Happy New Year to our Chinese readers or as you say in Mandarin, 新 年 快 乐. The year of the Tiger takes over from the year of the Ox. We wish mainland China a successful hosting of the XXIV Winter Olympics, which began this Friday
Whilst Chinese people the world over celebrate their New Year, on the business front in the U.S. earnings season continues with mega cap Amazon doubling Q4 earnings on the surface but entirely thanks to a mark-to-market gain on shares in EV firm Rivian, whose stock price this week is a lot cheaper
The Macro View (hedging strategies) – “Any value in derivatives overlay trades?”
Following on from “The tail hasn’t been wagging the dog” and “Tail unhedged” this latest note in our hedging series takes the practical examples one stage further. In turbulent markets a carefully constructed hedging strategy beats not being hedged. Here we further examine our testbed portfolio to see how its doing and what there is to learn as time goes by.
Want a taste before signing up?
We have built a good following and want to grow that but we are also mindful that there will be people who haven’t come across us and want to validate who and what we are first.
We are putting together an archive of free notes for you to explore and get a taste of the value we strive to impart.
Ingham Analytics is ceasing all publications.
Ingham Analytics is ceasing publication of its public research notes with immediate effect to focus on our asset and risk management and specialist financial markets consulting work.
Tencent – “A Beijing ignited fire sale?”
Top Asia story is China regulation. The technology-sector regulator for example has ordered Chinese internet firms to curtail what are seen as anticompetitive practices and data security threats.
US Securities Strategy (Banks) – “Off to the races”
We’re keeping track of US money centre bank earnings this week and a jolly good set of Q2 number they’ll be too. Banks in particular are a useful barometer for Ingham Analytics, a sector we keep close tabs on.
Let’s meet the experts
Mark and Andrew are the two heavy lifters with a combined international experience of over half-a-century, in financial centres such as London, New York, Hong Kong, Frankfurt and Johannesburg and across various financial markets categories. The expertise of other professionals will also be shared on the site from time to time, as appropriate. In addition, Andrew will soon be offering e-learning courses tailored to novice, intermediate and advanced participants.
About Mark Nathan Ingham
An industry veteran of over twenty-five years, Mark is Managing Director of Ingham Analytics. He brings a powerful combination of analysis and international asset management skills to the business.
Mark’s fundamental company research has covered the industrial, mining, financial, consumer and real estate spheres. His approach is for high conviction calls, backed up by rigorous appraisal of the earnings and valuation drivers, and for brevity in communicating that.
He has worked in the fields of stock broking, fund management, and private equity and advised listed and private corporations. His advice has also been sought on corporate actions in the public and private market, including listings, mergers & acquisitions, governance, company valuations, business strategy, and investor relations.
Mark serves in an advisory capacity to a Family Office, managing funds internationally. He is a Member of the Institute of Directors in Southern Africa and a Board and Exco member of the Investment Analysts Society of South Africa in which role he is responsible for the internationally prestigious Investment Analysts Journal.
About Andrew Kinsey
Andrew, who earned his Master’s in Financial Economics (cum laude), has over 25 years of experience internationally across financial markets. He has traded foreign exchange, fixed income and equities and is experienced too in derivatives and risk. Andrew is an expert in financial derivatives, Asset Liability Management and the evolving regulatory architecture, principally Basel III, Fundamental Review of the Trade Book (FRTB) and Counterparty Party Credit Risk (CCR). He previously worked as a consultant at Accenture, specialising in information technology.
These skills have been leveraged to construct practical risk management and trading systems and to train and lecture university graduates and employees of banks and other financial institutions.
It is these valuable educational capabilities and tools that Andrew will be making available to the greater Ingham Analytics community, catering to the novice through to the professional trader or asset manager.
Whilst trading markets and teaching are a key part of Andrew’s day-to-day working schedule, he also undertakes market research with an approach that adopts a macro theme, drawing on his knowledge of the intricacies of complex financial instruments.
