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HONG KONG, July 26, 2010 - (ACN Newswire) - Global Alliance Partners (GAP) welcomed its newest member London-based Killik & Co to be its gateway to Europe. Long before it became a GAP member, Killik & Co has already opened a reciprocal trading account with Hong Kong-based Quam Financial Services Group and has already been an active business partner of another GAP founding member based in Dubai, MAC Capital Group.
Killik & Co put forth a note recently that said, "Even though a number of companies have cut or reduced their dividends over the last couple of years, the prospective yield on equities, even after adjusting for the suspension of payments by BP, is currently around 3.9 per cent. This is currently well ahead of its 30-year average (3.1 per cent) and the return on cash and UK government bonds. After a period of financial prudence, many companies have come through the recession in rude health. Cost bases have been realigned, so that the recovery in sales has led to a sharp increase in profitability and free cash flow due to operational gearing. As a result, strong corporate balance sheets provide the flexibility to pay progressive dividends to shareholders."
Hence, Killik & Co searches for progressive dividend payers with more than GBP 1.50 in cash earnings for every GBP 1 of dividend paid out, decent cashflow and a solid balance sheet.
According to GAP chairman Toyoharu Tsutsui, "Killik & Co will serve as GAP's gateway to Europe and GAP can provide Killik the platform to access other strategic markets especially in Asia."
Killik & Co is an independent partnership founded in 1989 by Paul Killik and friend colleague Matthew Orr, to address the rapidly growing market of new investors encouraged by the Thatcher reforms of the 1980s. They both shared a vision to create a stockbroking firm with a difference: a firm that is accessible and approachable, particularly to new investors.
Quam, through the leadership and inspiration of its chairman Bernard Pouliot, co-founded the Global Alliance Partners along with five other long-time business associates in 2008 during an inaugural conference it hosted in Macau.
Contact:
Ms. Coy Roldan
Direct Tel : +852.221.728.91
Mobile Tel: +852.981.988.97
Coordinating Executive
Global Alliance Partners (GAP)
Bridging the gap in the world market
Email: coyroldan@globalalliancepartners.com
Director of Group Marketing & Communications
Quam Financial Services Group (HKSE: 0952)
One partner, One purpose, One passion - YOU.
Email: coy.roldan@quamgroup.com
Topic: General Announcement
Source: Quam Limited
Sectors: Daily Finance
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From the Asia Corporate News Network
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