These cheap shares have soared almost 40% in a month. I’d buy them today!

first_img Our 6 ‘Best Buys Now’ Shares Image source: Getty Images. I would like to receive emails from you about product information and offers from The Fool and its business partners. Each of these emails will provide a link to unsubscribe from future emails. More information about how The Fool collects, stores, and handles personal data is available in its Privacy Statement. With trading heading towards a close on the final day of November, what an amazing month it’s been. First, Joe Biden’s US election win gave stocks an early lift. Then news of three highly effective Covid-19 vaccines launched share prices into the stratosphere. As I write, the FTSE 100 index has soared by 765 points (13.7%) in November — a record monthly return. Likewise, US stocks have been buoyant this month, with the S&P 500 index leaping by over 350 points (10.8%). Yet the Footsie has shed 1,200 points in 2020, leaving it down almost a sixth (15.9%). That’s why I believe there are still cheap shares hiding in plain sight in the index.Value investing still worksAfter exaggerated reports of its death, value investing came roaring back in November. As investors switched from high-priced, fast-growing tech stocks into economically sensitive sectors, cheap shares in banks, energy companies, and other old-economy industries had a bumper month. Jeremy Grantham, co-founder of asset management giant GMO, said a very powerful line this month. He warned, “The one reality you can never change is that a higher-priced asset will always produce a lower return than a lower-priced asset”. I agree, which is why I buy cheap shares rather than popular stocks. After all, the higher the price you pay, the lower your future returns will be. That’s why I’ll be a value investor for life.5G is here – and shares of this ‘sleeping giant’ could be a great way for you to potentially profit!According to one leading industry firm, the 5G boom could create a global industry worth US$12.3 TRILLION out of thin air…And if you click here we’ll show you something that could be key to unlocking 5G’s full potential…Cheap shares: L&G looks good to meUntil they bounced back hard this month, Legal & General (LSE: LGEN) shares were having a rotten 2020. Before Covid-19 crashed markets, shares in the widely admired life assurer and asset manager were doing well. At their 52-week peak, they hit 324.7p on 13 December last year. Three months later, during the spring market meltdown, they crashed by 57.5% to a bargain 138p on 19 March.After bouncing back until early June, these cheap shares crumbled again. At 184.5p on 29 October, I said L&G stock was a compelling buy for value investors. So it proved to be. Today, as I write, L&G’s share price is 255.7p, up more than 71p (38.6%) since 29 October. That’s an excellent return in just 31 days, but I expect more from this great British business and its cheap shares.I’d keep buying into this quality companyAlthough it’s been a terrible year for the global economy, L&G has survived much worse, including two world wars and the Spanish Flu pandemic of 1918. That’s because this venerable British institution’s pedigree stretches all the way back to 1836. Today, L&G has powerful positions in UK protection products and savings, managing over £1trn of assets for more than 10 million customers worldwide. That’s a good spread of risk — and L&G’s fortress-like balance sheet is packed with a range of quality assets.Today, L&G shares are still fairly cheap, but not as ridiculously low-priced as they were in, say, March and October. They trade on a price-to-earnings ratio of around 12.5 and an earnings yield of 8%. Also, they offer a very enticing dividend yield of 6.9% a year, more than double the 3.2% on offer from the wider FTSE 100. That’s why I’d buy this quality stock today, ideally inside an ISA, to enjoy decades of delicious tax-free dividends and capital gains! “This Stock Could Be Like Buying Amazon in 1997” Cliff D’Arcy | Monday, 30th November, 2020 | More on: LGEN NWG Enter Your Email Address I’m sure you’ll agree that’s quite the statement from Motley Fool Co-Founder Tom Gardner.But since our US analyst team first recommended shares in this unique tech stock back in 2016, the value has soared.What’s more, we firmly believe there’s still plenty of upside in its future. In fact, even throughout the current coronavirus crisis, its performance has been beating Wall St expectations.And right now, we’re giving you a chance to discover exactly what has got our analysts all fired up about this niche industry phenomenon, in our FREE special report, A Top US Share From The Motley Fool.center_img Simply click below to discover how you can take advantage of this. Renowned stock-picker Mark Rogers and his analyst team at The Motley Fool UK have named 6 shares that they believe UK investors should consider buying NOW.So if you’re looking for more stock ideas to try and best position your portfolio today, then it might be a good day for you. Because we’re offering a full 33% off your first year of membership to our flagship share-tipping service, backed by our ‘no quibbles’ 30-day subscription fee refund guarantee. Cliffdarcy has no position in any of the shares mentioned. The Motley Fool UK has no position in any of the shares mentioned. Views expressed on the companies mentioned in this article are those of the writer and therefore may differ from the official recommendations we make in our subscription services such as Share Advisor, Hidden Winners and Pro. Here at The Motley Fool we believe that considering a diverse range of insights makes us better investors. These cheap shares have soared almost 40% in a month. I’d buy them today! Click here to claim your copy now — and we’ll tell you the name of this Top US Share… free of charge! See all posts by Cliff D’Arcylast_img read more

Temple Lands Shall Not Be Alienated Or Used Against Interests Of Temple: Madras High Court Directs To Retrieve Encroached Temple Properties

first_imgNews UpdatesTemple Lands Shall Not Be Alienated Or Used Against Interests Of Temple: Madras High Court Directs To Retrieve Encroached Temple Properties LIVELAW NEWS NETWORK4 Nov 2020 10:31 PMShare This – xThe Madras High Court has directed the HR & CE Department to initiate appropriate action to retrieve land belonging to temples by removing all encroachments.Justice R. Mahadevan also directed that the the lands belonging to the subject temples shall not be alienated or leased or encumbered illegally and against the interests of such temples and shall only be used for temple…Your free access to Live Law has expiredTo read the article, get a premium account.Your Subscription Supports Independent JournalismSubscription starts from ₹ 599+GST (For 6 Months)View PlansPremium account gives you:Unlimited access to Live Law Archives, Weekly/Monthly Digest, Exclusive Notifications, Comments.Reading experience of Ad Free Version, Petition Copies, Judgement/Order Copies.Subscribe NowAlready a subscriber?LoginThe Madras High Court has directed the HR & CE Department to initiate appropriate action to retrieve land belonging to temples by removing all encroachments.Justice R. Mahadevan also directed that the the lands belonging to the subject temples shall not be alienated or leased or encumbered illegally and against the interests of such temples and shall only be used for temple related purposes.The court also criticised the HR&CE Dept., which is the custodians of the temple properties, for having not taken any steps to protect the interest of the temples. “Such callous attitude on their part cannot be countenanced. This Court, time and again observed that Temples in Tamil Nadu are not only a source of identification of the ancient culture, but also a testimony of pride and knowledge of the talent in the field of arts, science and sculpture and a conduit for spiritual activities as well; and that, the properties of the religious institutions, more particularly, the temples have to be maintained properly in order to derive more income to spend for its betterment.”, Justice Mahadevan observed.The court was considering a batch of writ petitions challenging the transfer of land belonging to various temples to other Departments entirely / partially and also encroachments. Certain Government orders which ordered transfer of the disputed land to the Fisheries Department were challenged.The court held that the temples are entitled to the rights of possession and enjoyment in respect of the respective disputed lands, subject to the control and administration of the HR&CE Dept. and  no trustee / private individual shall claim right over the disputed lands possessed and enjoyed by the temples in any manner whatsoever. The court added that the Government shall not utilise/ alienate / assign / transfer the same and construct permanent structures therein for the purposes other than the beneficial interests of the temple. The following directions have been issued by the Court:(i)The Commissioner, HR&CE Dept., Chennai, shall initiate appropriate action to retrieve the subject lands, remove all the encroachments, if any, and maintain the same with utmost care and for beneficial interests of the subject temples. (ii)It is made clear that the lands belonging to the subject temples shall not be alienated or leased or encumbered illegally and against the interests of such temples. (iii)The HR&CE Dept. shall have the administration and entire control over the subject lands and shall deal with the same in accordance with law. (iv)The HR&CE Dept. shall take steps to start construction by putting compound wall to secure and safety of the subject lands. Except temple related purposes, the lands shall not be used for any other purposes. (v)Except the HR&CE Dept., no other private individuals / trustees shall claim any right over the lands possessed and enjoyed by the subject temples. (vi)The Officer in-charge shall not permit any unauthorised shop / construction inside the temples’ premises. (vii)The Officer in-charge shall ensure the unrestricted freedom of worship by the devotees to the subject temples. (viii)The Officer authorised by the Commissioner, HR&CE Dept., shall maintain proper register with respect to the financial aspects of the subject temples and its properties and file the same before the authority concerned in regular intervals. If he/she fails to discharge his/her duties assigned, he/she is personally liable for such lapses and appropriate departmental action be taken against him/her. (ix)The Commissioner, HR&CE Dept., shall order appropriate enquiry forthwith related to the missing documents and files connected to the respective temples and its properties and initiate action against erring officials responsible for the same. (x)The Government shall provide necessary assistance to the HR&CE Dept., for proper maintenance and protection of the subject temples and its propertiesCase: S.Sridhar vs. State of Tamil Nadu [Writ Petition No.17248 of 2013]Coram: Justice R. MahadevanClick here to Read/Download JudgmentRead JudgmentNext Storylast_img read more