Boom time for UK IPOs, African infrastructure, and rising gilt yields

Tom Wilson on UK growth The UK market has been awash with highly-valued IPOs, some reminiscent of the dotcom era. The fallout from record low rates is flows into equities, indiscriminate of valuation. With the eye-watering valuations these IPOs, concept stocks or businesses deemed to be 'the next big thing' are trading on, relief comes in the form of periods of uncertainty and fear. This creates opportunities to buy into high-quality businesses with strong management teams at attractive prices, and with a considerable margin of safety. This is because the market, which is increas...