The Markets The UK construction industry has made a resurgent start to 2015 after activity hit a 17 month low in December, according to the latest PMI figures for the sector. The index rose by one point to 60.1 for the month. Confidence in February was higher and respondents said that there were currently good…
On the US economy… “…Charlie and I have always considered a“bet” on ever-rising U.S. prosperity to be very close to a sure thing. Indeed, who has ever benefited during the past 238 years by betting against America? If you compare our country’s present condition to that existing in 1776, you have to rub your…
I suppose it’s ironic that had I known more of the fundamental way of analysing stocks some 30 years ago when I first got into trading the stock market, it may have been that the subsequent charting mania which was acquired would not have happened. This is partly because looking at balance sheets and profit…
Evil discusses Tyratech and Ithaca Energy… Tyratech have today announced a further impressive extension to the buyers who list Vamousse for their stores. It can’t just be transient luck at work. Tyratech (TYR and TYRU) could be cheap. This Ithaca (IAE) note is from Finncap and dated 2nd March: “Stella development update – a BUY…
The Markets At the London close the Dow Jones had risen by 95.17 points to 18,227.87 and the Nasdaq was up by 27.09 points at 4,467.76. In London the FTSE 100 closed down by 6.02 points at 6,940.64 and the FTSE 250 fell by 23.90 to 17,249.92. The FTSE All-Share slipped by 3.94 points to…
Given the way that most of the calls made on the markets, both by myself and my “contemporaries”, are generally very short term indeed, it may be worth stepping back to remember that the function of equities for most normal people is to provide income as well as capital growth. What we know since interest…
Evil discusses Afren, Ithaca Energy, Mitie, Trinity Mirror and rip-off fund managers… Afren (AFR) have managed to persuade the bondholders to defer putting the boot in until end March. It doesn’t make any difference. Stay short. In the interests of fair play, I also offer a counter opinion for Ithaca Energy Inc (IAE). This is…
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By Robert Sutherland Smith As a “stale bull” of Ladbrokes ordinary shares I opened Ladbrokes’ (LAD) preliminary results for the year to December 31st with much interest and some apprehension. I am glad to say that on balance, I found things encouraging. Ladbrokes is a long established and widely recognised high street brand name and…
The Markets At the London close the Dow Jones had slipped by 20.26 points to 18,194.16 and the Nasdaq was down by 3.78 points at 4,458.49. In London the FTSE 100 closed down by 3.07 points at 6,946.66 but the FTSE 250 rose by 24.02 to 17,273.82. The FTSE All-Share slipped by 0.30 points to…
