It may appear to be somewhat churlish looking at an oil & gas explorer on the same day as the latest OPEC meeting in Algiers, but it would appear that the set up at Tullow Oil does merit investigation on a technical basis. Tullow Oil (TLW): Trend channel target at 300p One of the clichés…
I dubbed Wolseley shares an appealing post-Brexit play last June when the share price was 3,781p. I see no reason to alter that fundamental judgement even now that they are 4,244p. The latest annual results suggest that life remains tough at the operational level, with margins scarcely improving. However, outside the US the company has the…
Yesterday evening BBC Radio 4 considered fraud at AIM. Apparently AIM has raised circa £100bn since it kicked off in the mid nineties. Accordingly, one can imagine why its progenitors within the LSE are not much minded to clamp down on fraud. However, unless frauds are stamped on the only eventual effect must be to…
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?…
I dubbed Wolseley shares an appealing post-Brexit play last June when the share price was 3,781p. I see no reason to alter that fundamental judgement even now that they are 4,244p. The latest annual results suggest that life remains tough at the operational level, with margins scarcely improving. However, outside the US the company has the…
My taking a profit on a small proportion of my stake in SolGold after its spurt to 12p following Newcrest International’s offer to buy 10% at 6p per share is looking silly now that the shares are touching 18p – after what looks like a mini-buying stampede today. And after dithering when to get back…
It may appear to be somewhat churlish looking at an oil & gas explorer on the same day as the latest OPEC meeting in Algiers, but it would appear that the set up at Tullow Oil does merit investigation on a technical basis. Tullow Oil (TLW): Trend channel target at 300p One of the clichés…
With Deutsche Bank the next Lehman Brothers on this side of the pond, and a Punch & Judy Presidential Election Stateside, there is no reason and no justification for indices like the S&P to be near all time highs. Only the so called Plunge Protection Team explains why U.S. Stocks are still near the top…
With the gaggle of visitors to my Spanish lair abating with summer, I’ve had a lot of time for thinking lately. It’s been a quiet time for markets, seemingly, but there have been opportunities, some of which we’ve taken, and others which we outright missed. But you only need one or two to stay ahead…
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;…
My taking a profit on a small proportion of my stake in SolGold after its spurt to 12p following Newcrest International’s offer to buy 10% at 6p per share is looking silly now that the shares are touching 18p – after what looks like a mini-buying stampede today. And after dithering when to get back…
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…
The majority of investment trusts that offer a relatively steady source of income have been bid up well beyond their underlying net asset value (NAV) with investors willing to pay a premium for the secure yield. One fund that has not yet been caught up in the bidding war is the Law Debenture Corporation (LON:LWDB),…
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…
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…
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…
