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Tullow Oil trend channel targets 300p

Tullow Oil trend channel targets 300p

By Zak Mir

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…

Wolseley’s dollar earnings make it an attractive Brexit play

Wolseley’s dollar earnings make it an attractive Brexit play

By Robert Sutherland Smith

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…

Evil Knievel

Evil Diaries

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Time to clean up AIM

Time to clean up AIM

By Evil Knievil

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…

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?…

Equities

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Wolseley’s dollar earnings make it an attractive Brexit play

Wolseley’s dollar earnings make it an attractive Brexit play

By Robert Sutherland Smith

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…

Why I’m buying into SolGold’s spectacular ascent

Why I’m buying into SolGold’s spectacular ascent

By John Cornford

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…

Trading

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Tullow Oil trend channel targets 300p

Tullow Oil trend channel targets 300p

By Zak Mir

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…

S&P 500 is a perfect charting sell

S&P 500 is a perfect charting sell

By Zak Mir

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…

Economics & Markets

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Jim Mellon: The things keeping me awake at night

Jim Mellon: The things keeping me awake at night

By Jim Mellon

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…

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;…

Commodities

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Why I’m buying into SolGold’s spectacular ascent

Why I’m buying into SolGold’s spectacular ascent

By John Cornford

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…

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…

Funds & Investment Trusts

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Law Debenture: Steady income at a double-digit discount

Law Debenture: Steady income at a double-digit discount

By Nick Sudbury

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),…

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…

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…