Master Investor

Kuwaiti’s pull out of Ithaca Energy takeover but what of other bids?

Kuwaiti’s pull out of Ithaca Energy takeover but what of other bids?

1 mins. to read

According to newspaper reports in the Kuwait al-Seyassah newspaper, the Kuwaiti national oil company has pulled out of talks with North Sea focused and Canadian TSX/UK AIM listed oil company Ithaca Energy. The company’s RNS in March stated they were in discussion with several bona fide bidders presumably including the Kuwaiti’s. So what now for…

Election results across Europe leave plenty for investors to worry about

Election results across Europe leave plenty for investors to worry about

2 mins. to read

The political landscape dramatically changed in Europe yesterday with a sea change in France following the departure of incumbent centre right President Nicolas Sarcozy to be replaced with socialist François Hollande. Sarcozy is the first French President since Valéry Giscard d’Estaing lost power in 1981 not to serve two consecutive terms illustrating that the sentiment of…

David Einhorn – king of Hedge Funds, talks about U.S. monetary policy and its impact on savers

David Einhorn – king of Hedge Funds, talks about U.S. monetary policy and its impact on savers

21 mins. to read

Good read from David Einhorn in the Huffington Post (http://www.huffingtonpost.com/mobileweb/david-einhorn/fed-interest-rates_b_1472509.html) Einhorn is one of the great Hedge Fund investors. Wikipedia: David Einhorn (born November 20, 1968), an American hedge fund manager, is the Founder and President of Greenlight Capital, a “long-short value-oriented hedge fund”. He started Greenlight Capital in 1996 with $900,000. Greenlight has generated…

MG Rover’s Phoenix Four demonstrate corporate greed at its worst

MG Rover’s Phoenix Four demonstrate corporate greed at its worst

1 mins. to read

After a seven year fight, former MG Rover workers are getting just £3 each following the collapse of the company in 2005, UK’s last major car maker. The management team who bought out the Birmingham based company for £10 in 2000 from BMW, the so called “Phoenix Four’”- John Towers, Nick Stephenson, John Edwards and…

It’s the big day tomorrow with US non-farm payrolls in focus

It’s the big day tomorrow with US non-farm payrolls in focus

0 mins. to read

One of the key economic indicators of US activity arrives after lunch UK time with the April non-farmpayroll employment data. After a disapointing gain of 120,000 jobs in  March, expectations are for 150-165,000 in April. Wednesday’s private sector ADP data came in below expectations adding to the pressure on tomorrow’s numbers. Contrarian Investor UK

FaceBook IPO valuation rumours

FaceBook IPO valuation rumours

0 mins. to read

It looks like Facebook has an IPO price range in the high $20s to mid $30s, giving it a valuation of $85 billion to $95 billion according to reports from the US today. The valuation is below the $100 billion hoped for in recent months, but weak quarterly revenue and earnings data has knocked back…

Home Retail Group results show two speed high street

Home Retail Group results show two speed high street

1 mins. to read

The depressing state of many parts of Britain’s high street was illustrated by a 13 percent slump in Home Retail Group shares, owner of Argos and Homebase, to 87.5p after disappointing results and a dividend cut.  Investors in Home Retail who has 748 stores have seen their shares tumble from a 52 week high of…