Evil Knievil

Evil Knievil: I got caught out

Evil Knievil: I got caught out

1 mins. to read

Well, I got caught out on Clear Leisure (LON:CLP). Somehow, I had got it into my head that there wouldn’t be yet another placing. So, I merrily went on tucking them away. So, you can understand my disappointment on learning of another placing – 63 million at 0.95p. I understand that this stock has gone…

Pigheadedness at large

Pigheadedness at large

1 mins. to read

I was a bit surprised by a story in yesterday’s Sunday Telegraph to the effect that the total assets falling to be distributed by the administrators of Beaufort Securities was of the order of £500 million to £850 million but that the fee charged by PwC for this would be of the order of £100…

Evil Knievil: Checkit in

Evil Knievil: Checkit in

2 mins. to read

At the last general election, I did not bother to vote since the notion of the Conservatives being upstaged in Kensington struck me as ridiculous. But, unbeknowst to me, the boundaries had been changed. So, Labour won by twenty votes – I was not alone in my idleness. The result is one Emma Jane Coad.…

Opportunity knocks

Opportunity knocks

1 mins. to read

Opportunity knocked at the open today since 888 (LON:888) got knocked 10% on the grounds that the FOBTs in their betting shops would be restricted to a £2 stake. The only drawback to this trading decision is that 888 has no betting shops and, therefore, no FOBTs. I paid 308p. Do not forget that the major…

We reach the Pay Offs

We reach the Pay Offs

1 mins. to read

A few weeks ago I was contacted by a reader who asked why I was so confident that Clear Leisure (CLP) would go over 2p. I replied that I was not. I merely thought that the management know what they are doing and that patience may well pay off. Anyway, I kept buying, despite being…

A memorable afternoon

A memorable afternoon

1 mins. to read

Friday afternoon was cold and damp and we had to walk from a parking point in the Hurlingham to All Saints Church on the north side of Putney Bridge for Tony Shearer’s memorial service – he died of a brain tumour a few months ago. He had been an approximate contemporary of mine at Rugby…

Press on regardless

Press on regardless

1 mins. to read

Johnston Press (JPR) used to have a big private investor following. Nowadays, at 9.5p, it is capitalised at a trivial £10 million. But that conceals a huge £220 million debt problem which must be settled next year on or before 1st June 2019. Can they do it? I for one do not know the answer to…

Sir Martin’s departure is a disaster for WPP
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Sir Martin’s departure is a disaster for WPP

1 mins. to read

The sensible way to effect CEO change at WPP (LON:WPP)is for the new man to work alongside Sir Martin Sorrell for several months since Sir Martin has developed this very extensive machine at a very personal level. It’s the only chance of intimate control being passed on. However, it seems that Sir Martin is now…

Good luck – you’ll need it

Good luck – you’ll need it

0 mins. to read

Readers who are patient and at a loose end are steered in the direction of Anibale Fly at 11/1 to win the Grand National (5.15 Aintree tomorrow). It should like the going and the new (for Anibale Fly) extended distance. Further, Barry Geraghty could hardly be surpassed as jockey. I took 12/1 on Tuesday but…

Par for the course

Par for the course

1 mins. to read

I had always thought that Sarah Montague was a sensible good-humoured woman. But yesterday’s Sunday Times included a 2,000-word rant on behalf of first herself and then the sisterhood for being paid less than her contemporaries at the Today programme. A line or two later, however, it transpires that she operates as her front a…