I asked a property dealer what he thinks of Foxtons (FOXT) and got the following: “In London most Estate Agents fees are down. At high end ( above £5m lots ) there is little to no business being done. There are 30,000 high end apartments being built where prices of £2000 per square foot are…
Clearly, the Chinese authorities have taken leave of their senses. King Canute demonstrated to his Court that resisting the tide is a mug’s game (he is commonly of course decried as having sought in front of his Court to control the tide) the Chinese government has taken hard cash to stem the inevitable downdraft caused…
Apparently, responsible Greeks all voted YES. But had I been Greek I would have voted NO since the idea of being bossed around by Brussels is anathema to me. And so it has come to pass. I have made the point before but do not apologise for repeating it: the EU lent a vast…
Madagascar Oil (MOIL) duly reported its 31st December 2014 figures. Normally, I regard exploration and evaluation assets – here c. £130m – as pure phooey until the resource starts paying. MOIL is in fact capitalised at about £30m and enjoys net assets of £150m. This is a measure of the opportunity. At 10p MOIL is…
I had my card well briefed by TDO (a.k.a. chairman Mellon) and accordingly trousered a quick £35,000 over the weekend. I have again gone short EUR/USD and I have doubled my long in gold. Troubles are not confined to Europe: the margin call position in Shanghai is horrific. Slater and Gordon crashed overnight in Australia…
It has been suggested that Slater and Gordon will seek to unwind parts of its deal with Quindell (QPP) given that there is to be an extensive accounting policy review. But S and G have paid the money into escrow and they had a prolonged period in which to consider what it was that they…
For some extraordinary (as a few will complain) reason Gate (GATE) remains suspended and its Nomad Beaumont Cornish has resigned with the immediate difficulty that no one has yet agreed to take on the hopeless case. I am still amazed that it was ever allowed to float. That noted, Gate declares that it has £8.5m…
This appeared at 7.00 a.m. yesterday morning: Imaginatik plc (AIM: IMTK.L), the world’s first full service innovation provider offering a range of consultancy and technology products notes the significant share price rise over the course of 19 June 2015 and confirms that it knows of no reason for such a rise. The Company is however aware…
Afren (AFR) duly announced the virtual wipe out of current shareholders at well after 6.00 p.m. last Friday. I doubt if the share price will hit the long term price of 0.3p on Monday – indeed it is surprising to see it holding at around 1.5p. This allows long term holders to recover the price…
Sherlock may have been instructed not to offer shit but the fact is that dogs do not understand this basic order and, instead, deposit their doings all over the place. As a result, dog owners – in London at any rate – are obliged to scoop up the deposit and get rid of it appropriately.…
