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Zak’s Daily Round-Up: GLEN, RR., HOC and PDL

By Zak Mir

Market Position: Sterling / Dollar above $1.4350 Targets $1.48 Glencore (GLEN): Above Latest Gap Could Lead to 140p I have to admit that I feel a little disappointed by the recent recovery at Glencore. To give you a clue as to my stance on the company, it is one that I refer to affectionately as…

Are Presidential Election years ‘up years’ on the Dow?

By Adrian Kempton-Cumber

As we stare down the possibility of Trump becoming the 58th President of the United States of America (they always reference the country as if it’s not obvious), I thought I’d look at the often heard claim that Presidential Election years are good for the stock market. They take place every four years, rather like…

Evil Knievel

Evil Diaries

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The Evil Diaries: “Growth stock? I think Not”

By Evil Knievil

After hours last night in America, Zillow (Z) collapsed again – this time to $16 – whilst Nu-Skin (NUS) collapsed from $30 to $24. What is really happening is that these essentially useless companies (so ably highlighted as such by Andrew Left of Citron years ago) have finally come to be seen as such by…

The Evil Diaries: Join me for a drink at Master Investor 2016

By Evil Knievil

It has taken a long time to gather this far but it does seem that Master Investor’s annual assembly (23rd April in Islington) has caught the public’s imagination big time. I’ll try and persuade the organisers to include a serious drinks assembly area. There is no guarantee of success. So, here’s hoping. ***** I have…

Equities

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Has Scientific Digital Imaging Reached an Inflection Point?

By Richard Gill, CFA

They say a picture is worth a thousand words. But this one must be worth at least a million. This glorious image was created by technology owned by an interesting AIM listed company, Scientific Digital Imaging  (SDI), which after several years of plodding along now looks like it might be about to take off. The…

AstraZeneca: Longer term attractions?

By Robert Sutherland Smith

AstraZeneca at 4,109p, after the annual report for last year to 31st December 2015. The shares tick a sufficient number of boxes for to make an attractive investment at this level, including maintenance of the dividend and the fact that the share price is towards the bottom of its recent trading range. The big attractions…

Trading

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Zak’s Daily Round-Up: GLEN, RR., HOC and PDL

By Zak Mir

Market Position: Sterling / Dollar above $1.4350 Targets $1.48 Glencore (GLEN): Above Latest Gap Could Lead to 140p I have to admit that I feel a little disappointed by the recent recovery at Glencore. To give you a clue as to my stance on the company, it is one that I refer to affectionately as…

Are Presidential Election years ‘up years’ on the Dow?

By Adrian Kempton-Cumber

As we stare down the possibility of Trump becoming the 58th President of the United States of America (they always reference the country as if it’s not obvious), I thought I’d look at the often heard claim that Presidential Election years are good for the stock market. They take place every four years, rather like…

Economics & Markets

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A cash ban is on its way in Europe

By Filipe R Costa

The European Union is considering the possibility of banning €500 banknotes in a move to fight corruption, fraud, and even terrorism. The high value of these banknotes makes them “too useful a vehicle of corruption and other illegal activity”, anti-fraud authorities claim. We should force people to execute transactions using electronic money and through plastic…

What is the relationship between oil and equities?

By Filipe R Costa

The correlation between oil prices and equity prices has always been shrouded in mysticism, with no one being able to come up with a clear cut explanation for the relationship between the two. Many studies point to a strong relationship between the returns on oil and equities; many others point to the absence of any…

Commodities

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Rio Tinto – after the dividend cut

By Robert Sutherland Smith

Rio Tinto mining at 1,705p, after publication of the annual figures for the year to December 31st 2015. The final dividend was maintained but a more pragmatic earnings related dividend policy – with a minimum dividend guarantee – comes in, putting a floor under the share price. The shares are lowly valued and therefore look…

Why are Kefi Minerals’ shares refusing to budge?

By John Cornford

The Holy Grail of the junior mining sector is a miner still cheap but soon to generate the large cash inflow to justify the investment that bankers (and shareholders) will have put up to get it going. With this in mind, investors might be puzzled as to why Kefi Minerals’ (KEFI) shares show no signs…

Funds & Investment Trusts

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Resilient performance by Troy Trojan

By Nick Sudbury

The last few months have been a difficult time for investors, but anyone with money in the Troy Trojan fund will have felt a lot more comfortable than most. Over the course of January its multi-asset portfolio returned 1% compared to a 10.1% fall in the FTSE All-Share. It also did reasonably well in 2015…

A volatile month for funds

By Nick Sudbury

January was a difficult month for the world’s stock markets, with weaker economic data in China, the US and the UK casting doubt on the strength of the global recovery. This prompted further intervention by the central banks, with the Bank of Japan adopting negative interest rates on the excess reserves deposited by financial institutions,…

Brexit

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Mr Cameron’s Thin Gruel

By Victor Hill

Then Moses turned and went down from the mountain with the two tablets of the testimony in his hand, tablets which were written on both sides…  Exodus 32:15. We always knew, deep down, that it would be like this. When the much awaited Agreement between Mr Cameron and Mr Tusk (Britain and the EU) was…

The History Boys vote Brexit

By Victor Hill

Finally, the groves of academe have awoken to the sound of gnashing teeth. An assembly of the most eminent British historians has formed a campaign group called Historians for Britain[i]. Their aim is to advance the argument, from a historical perspective of course, that the forthcoming UK-EU IN-OUT referendum is a historic opportunity to go…