Evil Knievil

A star is born

A star is born

1 mins. to read

A star is born: if you missed Georgia Toffolo (a.k.a. the Toff) on Andrew Neill’s politics show go back and look it up. She won I’m A Celebrity Get Me Out Of Here. Not only is she attractive (very and with good legs) she is astute and clever. She is a natural Conservative by disposition…

Heaven defined

Heaven defined

1 mins. to read

I think that one of the essential rules of showbiz is that one should leave them wanting more. On this basis, Henry Blofeld’s session this week reading his book, Over and Out, on BBC Radio 4’s Book of the Week slot and which finished today deploys the very showbiz rule earlier adduced. The entire presentation…

Evil Knievil: Taking a profit on Ladbrokes Coral

Evil Knievil: Taking a profit on Ladbrokes Coral

1 mins. to read

The bid for Ladbrokes Coral (LON:LCL) has arrived. What surprises me is that it is tabled before HMG opines on FOBT maximum stakes – this is expected by the end of January 2018. I am taking a profit. ***** Steinhoff (ETR:SNH) has duly collapsed on the announcement that its CEO is going and PwC has…

Evil Knievil: “Bitcoin is a serious form of currency”

Evil Knievil: “Bitcoin is a serious form of currency”

1 mins. to read

HM Treasury has just announced that they wish to know what is going on in the world of bitcoin. This means that bitcoin is a serious form of currency and can be expected to retain its value against other currencies. Perhaps three months ago I thought that bitcoin was a serious investment since the Chinese…

Don’t stand on your dignity, just die

Don’t stand on your dignity, just die

1 mins. to read

Don’t stand on your dignity, just die: Dignity (LON:DTY) needs your death since others are not obliging sufficiently quickly. Or if they are those who arrange these funerals are choosing other funeral directors. At 1,800p, DTY is capitalised at £900 million and has tnav of minus £350 million or thereabouts. There is of course a…

It is simply a matter of timing

It is simply a matter of timing

1 mins. to read

Arrow (LON:ARW) is, at 400p per share, capitalised at £700 million. However, tnav is minus £100 million. This would not matter if earnings were spectacular. But they are not. They are of the order of 12p – which puts ARW on a fairly fruity rating. The business comprises purchasing blocks of debt from, typically, banks…

It’s heart-warming stuff

It’s heart-warming stuff

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600 Group (LON:SIXH) this morning report their six months to 30th September 2017. These figures are not stellar but they are very encouraging. There are a couple of exceptional items but, allowing for these, EPS is at 0.8p per share. Doubling this to 1.6p for a full year gives a PE of 10 at 16p.…

Introducing Toffee Galore

Introducing Toffee Galore

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I now introduce Toffee Galore. As you can see from her picture she is every colt’s dream of a mate save, possibly, she has knobbly knees which would preclude her cosying up to the average Tory MP. She cost £50,000. Given that a yearling must cost at least £10,000 to produce given stud costs exclusive…

Some you win and some you lose

Some you win and some you lose

1 mins. to read

Ultra Electronics (LON:ULE) looks to me to have gone wrong. I certainly would not buy it and am minded to sell it. Now £12.30. However, for the pension plan I keep on shorting Tesla (NASDAQ:TSLA). TSLA is descending into farce and is as close to a gimme as I have ever encountered in the market.…

Idaho is mine

Idaho is mine

1 mins. to read

Phoenix Global Mining (LON:PGM) yesterday reported encouraging drill results for its to-be-revived copper mine in Idaho. Apparently there are further figures due within, say, a fortnight or three weeks. PGM was IPO’ed at 4p about four months ago, raising £4 million. There is £2.5 million left in contrast to a capitalisation of c. £9 million.…