Last September in a review of the pharmaceutical industry I concluded that GlaxoSmithKline (GSK) shares were discounting too much bad news and not enough future potential. Pharmaceutical shares are admittedly a speculative thing, the nature of which regulatory advice constantly warns us. However, all investment involves speculation about the future. If it were any different,…
Rio Tinto (RIO), the mining company, continues to look an attractive equity investment with a good cash position, from which to continue paying growing dividends. I think its long-term prospects of capital appreciation also look reliable. The share price, last seen was 2,401p. My last consideration of Rio was last June, when I penned the…
Should you check in to Intercontinental Hotels? The Intercontinental Hotels Group (IHG) Q3 results looked impressive. But on fuller consideration, I do not regard these shares as ones to buy despite the interesting share price chart and impressive Q3 results. They look dear on most valuation yardsticks. Nor would I wish to continue to hold…
After the surprisingly good results for the third quarter of this year. The shares still look worryingly overvalued on the ratio of earnings to share price. They look too high to buy at the moment. This level, in terms of recent share price performance history, seems to be the level at which to sell the shares,…
N.Brown, the Manchester based catalogue and internet supplier of fashions for the outsized classes (who are always with us and of whom I am a reluctant member) has just produced its first half results for the year to 29th August 2015. A little history I see that I last penned (or rather finger jabbed, since…
i) Rolls Royce is at 713p on news that EEC competition authority is looking at aviation engineering support contracts, another potential headwind to contend with. ii) AIG on the other hand, at 570p, has tail winds behind its prospects and share price. Time to chase AIG but not Rolls Royce at this stage, methinks. Rolls Royce at…
Politics is the vision of the real world as if viewed through a mirror. The image it reflects back is dependent on the location and angle of the mirror, and of course any imperfections in its manufactured surface that might distort the object in its reflection as well as the lighting. It also depends on…
Hold Close Brothers Group (CBG) Tight Close Brothers Group (CGB) has just delivered its statement of results for the year to 31st July 2015. They were a gratifying and polite response to my judgement last June that the shares offered decent value, prospects and income. Overall, group operating profit increased by 16% to £224.9 million…
Looking at Dixons Carphone at 425p, as we approach the Christmas consumer season and after the share price has fallen 13% from its August high of 490p. Sheafing (a good old agricultural metaphor that ought to be used more often) through charts in the pursuit of market gold, I note that our old friend (insofar…
Way back in the early spring, Arm Holdings, the Cambridge ‘chip’ (semiconductor) company met the big ‘OR’ of overhead resistance. It tried to break through the 1,200p level on several occasions but unlike the panzers in the Ardennes, in the 1940 battle for France, it did not pull it off. Having failed to get into…
