The following has appeared on Plus500’s website: “As an authorised financial institution, Plus500UK Limited has a regulatory obligation to comply with the UK Money Laundering Regulations 2007 and other rules and guidance which requires us – amongst other things – to identify and verify our customers, the nature and purpose of the business relationship and…
Mitie (MTO) duly reported this morning on YE 31st March 2015. I had hoped for a disaster to emerge. But no such luck. I still think it is remarkably overvalued at 298p. One Mitie follower points out to me that “long term receivables went up yet again, to £58.5 million. This is an astonishing amount…
The saga continues at Gate Ventures (GATE), now 212p. And yesterday a well known ETF fund manager called by and pointed out that Gate is by no means alone in operating a manipulated share price. For instance he drew my attention to the Hang Seng China AH Premium Index (Google away) which notes the premium…
I shouldn’t do it but I have. I have bet against Chuka Umunna to be leader of the Labour Party. I ought to know better in that all political betting if it is to be successful depends upon inside information. In this case, as most readers well know, I am not remotely on the inside.…
I dare say that most have had enough on the General Election to be satiated for some years to come. So should I add a few words extra I trust I might be forgiven. However, it is astonishing that the LibDems resent “liberalism” being rejected. I might sympathise if I were even remotely acquainted with…
About forty years ago, my late father-in-law, himself a by then retired successful soldier and former War Office worker, strongly pointed out to me that the moment the squaddies choose the generals the army is enfeebled. And one wonders whether Ed Miliband was chosen just because Len McCluskey and other intellectuals of the trade union…
What’s in a name?: a director of Proxama (PROX), “the international mobile proximity commerce company”, has left the board. He is one Miles Quitmann. Are you surprised? ***** Astonishingly, Mitie (MTO) have yesterday bought back another 150,000 shares – or at least £1m+ in recent days. They must be loopy. But however loopy they may…
Last week, Jim Slater compared an investment in Telford Homes (TEF) with one in ASOS (ASC). He is very keen on Telford and he may be right so to enthuse – I myself am cautious about housebuilders since they have always seemed cyclical to me. However, he slates (well, he would wouldn’t he) ASOS arguing…
As we head on to Thursday’s General Election we can reasonably assert that none of the parties has considered in public the financial position of the UK. This is amazing. That said, anyone who trusts Labour with a cheque book is more trusting than I. One must just ignore the fact that there has lately…
Lucian Miers sought to challenge LSE chairman, Chris Gibson-Smith, at yesterday’s AGM but was sidelined by a chairman who clearly felt authorised to push on regardless. Mr Gibson-Smith tried to justify misconduct at AIM by claiming that AIM had been very successful commercially and therefore should not be criticised. In so averring he missed Lucian’s…
