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What the European Bank Stress Tests Don’t Tell Investors

What the European Bank Stress Tests Don’t Tell Investors

By Victor Hill

European bank stocks have fallen to historically low multiples. The earnings outlook is uncertain and the banking environment is in flux. Tighter regulation, coordinated at the EU level, and challenging market conditions have forced banks to refine their business models and strategies – but all this has impacted their Return on Capital. European banks are…

Ferrum Crescent targets 0.6p after extended bull flag

Ferrum Crescent targets 0.6p after extended bull flag

By Zak Mir

It is sometimes difficult not to be swayed by what the trading Twitterati are excited about. The current Stock Du Jour is Ferrum Crescent. Ferrum Crescent (FCR): 0.6p Technical Target It was the turn of the Executive Chairman of Ferrum Crescent Justin Tooth to be star of the show in the small cap market this…

Evil Knievel

Evil Diaries

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Why I bought more Billing Services

Why I bought more Billing Services

By Evil Knievil

Somewhere in Aldershot in a Nissen hut, a door, marked Legal Secretariat, is knocked: “Permission to speak, Sir” “Yes, what is it Atkins?” “It’s my pay slip, Sir” “And?” “I only get £10 this month” “And?” “Well, it shows a deduction for £3,600 to pay for counsel” “Yes?” “It’s not Woking District Counsel is it?…

How the Mitie have fallen

How the Mitie have fallen

By Evil Knievil

It only took eighteen months for Mitie (MTO) to fess up. However, there is more to come. Therefore MTO is not a buy now or indeed, I suspect, ever. Why on earth MTO kept on buying its own equity escapes me. I doubt if I am alone. If I were one of MTO’s bankers I…

Equities

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What the European Bank Stress Tests Don’t Tell Investors

What the European Bank Stress Tests Don’t Tell Investors

By Victor Hill

European bank stocks have fallen to historically low multiples. The earnings outlook is uncertain and the banking environment is in flux. Tighter regulation, coordinated at the EU level, and challenging market conditions have forced banks to refine their business models and strategies – but all this has impacted their Return on Capital. European banks are…

Why British American Tobacco is the perfect Brexit play

Why British American Tobacco is the perfect Brexit play

By Robert Stephens

It’s three months since the UK voted to leave the EU. In that time we have in place a new Prime Minister, a looser monetary policy and sterling is the weakest it has been versus the US dollar in over a decade. All in all, it’s been a dramatic quarter. While the FTSE 100 has…

Trading

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Ferrum Crescent targets 0.6p after extended bull flag

Ferrum Crescent targets 0.6p after extended bull flag

By Zak Mir

It is sometimes difficult not to be swayed by what the trading Twitterati are excited about. The current Stock Du Jour is Ferrum Crescent. Ferrum Crescent (FCR): 0.6p Technical Target It was the turn of the Executive Chairman of Ferrum Crescent Justin Tooth to be star of the show in the small cap market this…

Seeing Machines has 8p target in its sights

Seeing Machines has 8p target in its sights

By Zak Mir

It seems somewhat ironic that in a week dominated by Apple’s potential takeover of McLaren in order to go further down the road of driverless cars, one of the best performing stocks of the week on the UK market has been Seeing Machines. Seeing Machines (SEE): Technical target as high as 8p Considering that we…

Economics & Markets

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Central banks: Another fine mess you’ve gotten us into

Central banks: Another fine mess you’ve gotten us into

By Filipe R Costa

The world of central banking continues to delight. This particular niche has delivered the greatest advances in economic knowledge, outputting refined new tools to improve the way our economy works. They redefined the zero lower bound, making it possible for borrowers to get a return on their debts; they turned the time preference upside down;…

Savers: It’s time to fight back against low interest rates

Savers: It’s time to fight back against low interest rates

By James Faulkner

Savers should brace themselves for more pain as the Bank of England’s latest interest rate cut filters through the system and inflation begins to creep higher. The Bank of England cut its base rate in half in August, from 0.5% to 0.25%, and expanded its Quantitative Easing (QE) programme by £60 billion to £435 billion.…

Commodities

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A tricky problem

A tricky problem

By John Cornford

Those who followed me into Solomon Gold, at 3p in March and at 7p two weeks ago, have a short term dilemma. What to do now that the shares have briefly touched 14p and today have bounced off a 10p chart level (but at low volume). Solomon Gold – 10 days to 9th September 2016…

How to profit from Gold with a Binary Option

How to profit from Gold with a Binary Option

By Vince Stanzione

A binary option allows you to profit from a financial market going up, down or even sideways – all with a strictly limited risk and with small stakes. Unlike financial spreads or futures, you do not need to worry about margin calls and the most you can lose is the price of the option which…

Funds & Investment Trusts

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Infrastructure can yield strong long-term returns

Infrastructure can yield strong long-term returns

By Nick Sudbury

The protracted period of low interest rates triggered by the 2008 financial crisis has pushed up the value of many reliable, income-generating parts of the market to the extent that their valuations have become considerably overstretched. One area where there are still some pockets of value is infrastructure. The companies operating in this sector provide…

Is this fund the ideal inflation hedge?

Is this fund the ideal inflation hedge?

By Nick Sudbury

Last week I wrote about the merits of investing in index-linked gilts as a way of protecting your capital against inflation. There are several specialist funds that operate in this sector, but if you don’t want to get involved in such a niche area you could get a decent exposure via a core portfolio holding…

Brexit

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Remainiacs will talk us into recession if we let them

Remainiacs will talk us into recession if we let them

By Victor Hill

The remainiacs control the media Do not underestimate the breadth and depth of the recusant remainiacs. Their mouthpieces are the BBC, the Economist and the increasingly ludicrous Financial Times. But they have extensive influence propagated by Church of England vicars, luvvies, much of the teaching profession as well as trendy entrepreneurs and a throng of…

Jim Mellon’s Brexit Playbook

Jim Mellon’s Brexit Playbook

By Jim Mellon

This is a piece written by Jim for our friends at the Milken Institute, who were generous enough to allow us to reproduce it here.  Two weeks ago, I pulled my first all-nighter since I was 18. The news that the side I supported—those urging the United Kingdom to leave the European Union—had won the…