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Zak’s Daily Round-Up: BT.A, DLG, MKS, HUM and RRR

By Zak Mir

Market Direction: Gold Breakout towards $1,350 BT Group (BT.A): Range Trade Opportunity The bad news is that BT Group is raising landline costs, something which is all the more irksome for those who, like myself, are only interesting in an internet service rather than a phone line. The good news though, looks as though it…

How to Invest Like… Benjamin Graham

By Filipe R Costa

As seen in the April issue of Master Investor Magaizine “People who invest make money for themselves; people who speculate make money for their brokers.” ― Benjamin Graham, The Intelligent Investor Are You an Investor? Investment, speculation and gambling reflect three different approaches towards the equity market that often end with a similar outcome: the…

Evil Knievel

Evil Diaries

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The Evil Diaries: “If this company survives it is cheap”

The Evil Diaries: “If this company survives it is cheap”

By Evil Knievil

I doubt if Sir, as was, Fred Goodwin is my kind of chap. But why he should lose his knighthood for carrying out what his board, entirely comprised of the great and good, had authorised him to do beats me. I think honours are for life, not on loan. In the same vein, I myself…

The Evil Diaries: Pantheon, Orsu and Tyratech

The Evil Diaries: Pantheon, Orsu and Tyratech

By Evil Knievil

The annual Master Investor event at Islington last Saturday has now developed into a huge success. The chairman’s slot is a form of revivalist enthusiasm wrapped up with Warren Buffett. And pop music into the bargain. Well worth a visit to Islington for this alone. ***** Pantheon (PANR) offered an update this morning. I couldn’t…

Equities

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Recovery in Play at Barclays?

Recovery in Play at Barclays?

By Robert Sutherland Smith

Since this is the month for quoting Shakespeare, I point out that although a rose may smell just as sweet by any other name, a share smells twice as sweet to a buyer, if the share price increases significantly thereafter. Consequently the aroma of Barclays Bank at 175p, last seen, seems endearingly more fragrant than…

Better Times Ahead for BP?

Better Times Ahead for BP?

By Robert Sutherland Smith

The first quarter results from BP are essentially good news, although complex in analysis. Here is my “hot towel around the head” best assessment of them. They offer rational grounds for expectation of strong recovery next year and a super normal dividend yield that the company wants to maintain. These shares continue to look very attractive…

Trading

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Zak’s Daily Round-Up: BT.A, DLG, MKS, HUM and RRR

Zak’s Daily Round-Up: BT.A, DLG, MKS, HUM and RRR

By Zak Mir

Market Direction: Gold Breakout towards $1,350 BT Group (BT.A): Range Trade Opportunity The bad news is that BT Group is raising landline costs, something which is all the more irksome for those who, like myself, are only interesting in an internet service rather than a phone line. The good news though, looks as though it…

Something for the Weekend: Academics Deny TA

Something for the Weekend: Academics Deny TA

By Adrian Kempton-Cumber

I went past a florist yesterday. They had some sort of qualification in floristry which was bragged about in the window. It didn’t seem to include how to tidy up a florist shop. Being a florist though, it’s just flowers unplugged isn’t it? I was never a big fan of unplugged music. It seemed to…

Economics & Markets

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Obamaitis? That’s not Why I’m Worried about Germany

Obamaitis? That’s not Why I’m Worried about Germany

By Victor Hill

What a week that was! Her Majesty the Queen turned ninety. The Bard passed away exactly 400 years ago. St. George’s Day last Saturday coincided with the Master Investor Show, which was a sell-out. And then Obama turned up, wished the Queen Happy Birthday, told us to get to the back of the queue and…

ISDX: Challenging the Status Quo

ISDX: Challenging the Status Quo

By Swen Lorenz

As seen in the latest issue of Master Investor Magazine. An Interview with Patrick Birley, CEO of ISDX Swen Lorenz: Patrick, you run the ISDX, which when spelled out stands for ICAP Securities and Derivatives Exchange. In a nutshell, what does ISDX do? Patrick Birley: We are a fully regulated UK based stock exchange offering…

Commodities

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Spring Round-Up: AAU, CNR, HRN, HUM, KEFI and PAF

Spring Round-Up: AAU, CNR, HRN, HUM, KEFI and PAF

By John Cornford

As I hope readers realise, I’m not in the business of managing their investments. The ideas I put up are only for there and then. I don’t wield my pen often enough to track them and recommend taking profits (as, luckily, has been mostly the case so far – although cynics will say I’ve been…

Shanta Gold: A Goldie for Steady Growth?

Shanta Gold: A Goldie for Steady Growth?

By John Cornford

469m shares in issue Current mid-price: 7.4p £34.7m market cap When gold showed signs of recovery, the first gold miners I looked at were those with projects not yet funded, and stalled by lack of interest from financiers. Their shares were obviously capable of strong gains if investors believed that funding would now come along.…

Funds & Investment Trusts

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Impressive Returns from Phoenix Spree Deutschland

Impressive Returns from Phoenix Spree Deutschland

By Nick Sudbury

Last July I wrote about a closed-ended German residential property fund that had just listed in London. Unlike most of its UK focused alternatives, Phoenix Spree Deutschland (PSDL) was not trading at a massive premium to NAV and was well placed to benefit from the fact that European interest rates were expected to stay lower…

The Best Investment Companies for Income Drawdown

The Best Investment Companies for Income Drawdown

By Nick Sudbury

As seen in the latest issue of Master Investor Magazine. The new pension freedoms that were introduced in April 2015 have been widely welcomed with one of the most popular features being income drawdown. According to data from the Association of British Insurers, 43,800 people invested a total of £2.85bn in these plans in the…

Brexit

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The Pound, the Brexit, and the Current Account

The Pound, the Brexit, and the Current Account

By Filipe R Costa

The ONS has just announced the highest current account deficit on record for the British economy, at 5.2% of annual GDP. While nothing new, this trend may become hazardous now that Brexit plans are under discussion. In fact, some of the effects are already in play and can currently be seen in the stunning deterioration…

To Brexit, or not to Brexit, that is the question

To Brexit, or not to Brexit, that is the question

By Robert Sutherland Smith

Having dutifully laboured to come to a conclusion on this complex and historically momentous event, I lay out what seem to me to be the important facts, probabilities and arguments. The uncertainty of the coming Brexit decision is beginning to spread uncertainty to markets. The outcome will be momentous. We need maximum honesty and objectivity…