Centrica at 268p, after the interim figures. The management with these results has demonstrated that it has stopped the rot in terms of cash flow, which now covers dividend costs by a multiple of times, compared with position shown a year earlier. The company says that it plans to restore shareholder value and now seems…
Summer seems to be ‘a coming in’ to judge from the first half results for the current year; not so much proving that crime and misdeeds pay, but rather that they can be paid for with further provisioning while still producing a rise in profits. I turn to my previous note on Barclays (BARC), sent…
The first-half results were not enough to push these shares higher. They look dear and vulnerable to any further disappointing results. I have not for some time had a look at that great and successful Anglo-Dutch, corporate creation, Unilever, of which Unilever Plc is one doorway into its equity. Decent broking chaps, as I recollect…
With the dramatic Glencoe massacre of Chinese equities as a background and after its 44% fall in share price, I am having a look at Glencore as a stock for buying. Share prices don’t usually go down for ever – though it sometimes feels like it – and in the case of Glencore there is a handsome…
RSA shares look good value on the basis of recovery or as an alternative fate, playing its own part in the consolidation of the mature UK insurance industry. I believe that RSA Group shares at this point – share price 449p last seen – merit a place in a store of value portfolio. It’s my…
GKN at 327p after last week’s good news on UK motor production figures… The GKN (Guest Keen & Nettlefold, as it used to be properly known when a steel production company) share price last seen was 327p. That is now 16% down on this year’s earlier peak of 389p. What prompts me to give it…
The shares “technically” may have some downside but they are now arguably good value, taking more things than one into account. I had just turned down Old Broad Street past the City of London Club (once, most appropriately, the site of the ill fated South Sea Company of bubble fame) when I thought I heard…
My brief analysis of the Greek war of Interdependence and what it means for equity markets. Even without the urging of Spartan women, manly Greek government officials have taken the war to the enemy. It is thrilling to see Greece invoking the spirit of its ancestors and living dangerously on the cliff edge of democratic…
Centrica (CNA): at 270p last seen. The technical chart position looks inviting. Clearly something has to be done to put Centrica (CNA) back on the straight and narrow. A rights issue seems less likely to me than the better option of flogging off those expensive assets, on which it will be near impossible to make…
The company is now generating a lot of cash and has attractive dividend paying prospects. Given that and the fact that the share price is fifth lower than the 3,503p of last August, I rate the shares as highly attractive at this level. It is my opinion that Rio Tinto (RIO) shares at 2,769p (last…
