Who are we?
Ingham Analytics is an equity research and corporate advisory house with a proven track record of independent analysis and impartial advice in South Africa and Internationally. The business is non-aligned and has no potentially conflicting capital markets activities.
The advent of MiFID II in the EU in 2018 has made an independent research and advisory offering particularly germane. 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. Fund managers in South Africa are increasingly taking their cue from the EU directive and unbundling equity research from brokerage.
What we offer
Companies on various stock exchanges are encouraged to participate in the process through monthly contributions to a research “pool” for the benefit not just of a single issuer but for listed companies overall – the more companies that participate the better it is for price discovery, investor awareness, and stock market rating.
We also 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.
About Mark Ingham
An industry veteran of 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, 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 also worked with a select few South African and International clients in stock broking, fund management, and private equity and to 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.
Other roles include Chief Investment Officer at The Lubner Group of Companies, Member of the Institute of Directors in Southern Africa and a Board and Exco member of the Investment Analysts Society of South Africa.
About Andrew Kinsey
Andrew, who earned his Master’s in Financial Economics (cum laude), has over 28 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 and the evolving regulatory architecture, principally Basel III, anti-money laundering and counter-terrorism financing and regulatory standards. 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 is 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.
The Ingham Analytics team will be steadily built in the coming months and we shall keep clients informed of latest developments as we expand this exciting offering. Top professionals with requisite experience and credibility have already been identified. In line with best international practice, Mark Ingham will serve in the role of Supervisory Analyst and all notes will be published after thorough vetting in line with the Ingham Analytics philosophy of quality, independence, and reliability.