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Wednesday, 24th January 2018

John Smiles

Qualified Financial Advisor

Has volatility in stock markets gone away?

Volatility is the rate at which the price of a security increases or decreases. If the prices of a security fluctuate rapidly in a short time span, it is termed to have high volatility. If they fluctuate slowly in a longer time span, it is termed to have low volatility.

2017 was a year of record low volatility; the lowest year since 2005 and a year that returned healthy growth in stock markets. Following the lows of 2005, stock markets continued to grow for another 18 months, so more growth in current markets is not impossible. However, there is a danger now that investors might become complacent and be lulled into a false sense of security. Markets are always dangerous when making money sounds easy.

Many analysts expect volatility to pick up this

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Wednesday, 24th January 2018

For sale with Sherry FitzGerald John Rohan is 8/9 Brown St, Portlaw. This is a well located property in a mature residential area within the village being sold in either one or two lots.

Presently this is a two storey terraced property comprising of a house with entrance hall, living room, dining room, shower room, bathroom, kitchen and 3 bedrooms c 100 sq m, plus an adjoining shop c 50 sq m.

The property has planning permission (Waterford Council planning number 17/132) to convert the property into two residential units. On completion of works, the properties would comprise of the following:-

8 Brown St (presently a house) Ground Floor: entrance hall, living room, dining room, shower room, kitchen. First Floor: bedroom 1, bathroom.

9 Brown St (presently the ground floor of this is a vacant shop) First Floor: 2 bedrooms. Plans are available on

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Wednesday, 17th January 2018

Michael Garland,

bizBoost Chair,

Waterford Business Group

"Happy Burns Night!”

If you haven't guessed it yet, I am very proud of my Scottish roots. I am Waterford's token Scot, wheeled out on the odd occasion, to give my views and opinions on WLR and all manner of topics. Never a "Flowery” answer from this Garland!

Annually, on the 25th January, we kilt wearing loons (Aberdonian for boys), celebrate the life of one of Scotland's greatest exports. Robert Burns Esquire, Scotland's National Bard. He was and still is our people's champion. Rabbie, as we refer to him, was born in the year of our Lord 1759 in Alloway, Ayrshire, his father a very, very poor tenant farmer. He grew up to become immeasurably famous and revered, for his creative poetry and verse. He would articulate a social commentary, on the injustices of life in Scotland, in

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Wednesday, 17th January 2018

John Smiles

Qualified Financial Advisor

What do Private Equity Funds do?

Private Equity [PE] firms raise money from wealthy individuals, pension funds and insurance companies. They source deals to acquire companies, perform the required due diligence and use the money raised, to close those deals.

The new PE equity investor will usually have specialist knowledge of particular sectors. Using that expertise, they seek to improve the acquired companies' operations; cut costs and tighten up the management structures. Once they have carried out these tasks, they seek to sell individual companies to make a profit for their investors.

Private equity firms target companies for takeover based on a variety of metrics such as the type of products produced; the company's marketing strategy; the quality or otherwise of senior management; the sector the business operates within; its financial performance and valuation and potential exit strategies.

Many prospective target

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Wednesday, 17th January 2018

The price of the average three-bed semi in Waterford City rose by 8.3% to €195,000 in the last 12 months, according to a national survey carried out by Real Estate Alliance.

And after prices increased by 2.6% between September and December 2017, local agents are predicting that property values will rise by 7.5% in the coming year.

Three-bed semis in Waterford County experienced a 3% increase in 2017, with the average price now €170,000, and agents predicting a 5% increase in 2018.

"The attraction of the 'Help To Buy' grant and the higher energy rating in new homes is attractive to first-time buyers and may slow the increase in values of second hand semi-detached houses in 2018,” according to Des O'Shea of REA O'Shea O'Toole in Waterford City.

"It is evident that the cash buyer is now a diminishing factor. The vast majority of

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Wednesday, 10th January 2018

Michael Garland,

bizBoost Chair,

Waterford Business Group

"Forget New Year Resolutions, maybe we need a Revolution?"

"I don’t believe it!" We’re not even two weeks into the New Year and already there are Cream Eggs in many of the larger supermarkets. The shelves are beginning to fill and bulge, with all manner of chocolate gooey ovalness. With the annual Halloween "Trick or

Treating", has now merged, seamlessly, into baubles and tinsel, New Year and Easter appear to be rolling together as well. Soon there will be absolutely NO separation between our seasonal festivities and that’s a shame. Our year will be truncated by one big commercial temptation, with no time to rejoice or rest, for that matter.

I was asked the other day, whilst on the Friday Panel of Eamon Keane’s Déise Today programme, if I’ve made any New Year resolutions? I told Eamon and his

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Wednesday, 10th January 2018

John Smiles

Qualified Financial Advisor

Should central banks abandon inflation targets?

Monetary policy appears to be headed towards an inflection point. The extraordinary support from central banks is being scaled back as economies improve and financial markets remain calm.

Investors seem sceptical about how much central banks will raise interest rates by, because inflation remains stubbornly low across most of the advanced world.

Historically, declining unemployment has been closely followed by increases in inflation. This relationship, described as the Phillips Curve, appears to have weakened significantly since the financial crisis. In economies like the USA, Germany and Japan, where unemployment rates have fallen below natural rates, there is little sign of inflation pressures building. Economists are debating if the Phillips Curve model has broken down or if policy needs to remain looser for longer to overcome the cyclical and structural forces weighing on inflation.

The Bank

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Wednesday, 10th January 2018

House prices are expected to continue to rise in 2018 but at a slightly slower pace due to a tightening of the Central Bank lending rules according to the latest house price report from MyHome.ie

The report, which is published in association with Davy, predicts house prices will rise by 8% overall in 2018, split between double digit growth outside the capital and a rise of 6 or 7% in Dublin.

While asking prices fell back by 1% nationally in the final quarter and 0.4% in Dublin– as per normal seasonal trends - 2017 was a year of robust inflation, with prices rising by 10.2% nationally and 11.1% in Dublin.

The median asking price for new sales nationally was €242,000 in the final quarter. In Dublin the median price was €330,000 compared with €195,000 in the rest of Ireland.

Asking prices across Munster showed

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Wednesday, 10th January 2018

- Minister should reconsider commercial rates on the same basis as Local Property Tax

- Budget 2019 may be the last opportunity for this Government to reform commercial rates system

ISME, the Irish SME Association today (8th January) welcomes the comments made by Minster Murphy last weekend on the changes to the Local Property Tax. ISME stated in its 2018 pre-budget submission, property taxes based on current market valuations are volatile.

Commenting on this announcement ISME CEO NeilMcDonnell said "Commercial rates (and LPT) which are pegged to and calculated on current market valuations, are subject to rapid change and unpredictable change. Such a policy is not a sensible basis for the levying of any tax. It serves only to penalise owners of private and commercial property in urban areas, particularly Dublin, Cork and Galway".

"It is only logical that Minister Murphy reconsiders commercial rates on the

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Wednesday, 10th January 2018

New to the market with Sherry FitzGerald John Rohan is a prime development site circa 1 acre in Kingsmeadow approximately 2km south west of Waterford city centre on the Cork Road mid way between Waterford Institute of Technology Cork Road and Manor St campus. The subject site is located on a corner site at the Kingsmeadow Roundabout adjacent to Aldi, the Regional Sports Centre, Maxol service station, Party World, Mr. Price, Colourtrend, Euronics and Speedyhire. This is a densely populated area with easy access to all areas within the city and beyond.

Zoned "General Business" within the Waterford City Council Area Development Plan 2013-2019, this zoning objective is to provide and improve general business use. This includes car park & park & ride facility, child care facility, community facility, enterprise centre, garden centre, health centre, light industry, medical & related consultants,

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Letters to the Editor

  • Waiting can be bad for your He...

    When the latest statistic that waiting times for patients had risen to their highest level yet, there can't have been too many people that were surprised.There are now over 700.000 people on waiting lists with over 50.000 of them children. That so many people are waiting for treatment in one of the most developed economies in the world is truly frightening. Of course you can take into account the underfunding of the health sector during the economic downturn but it still wouldn't fully explain why so ma …

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