Evil discusses new highs, GLI Finance, Private & Commercial Tyratech, AO World and Sir Malcolm Rifkind… New High: if one adjusts the previous FTSE high of c. 7,000, attained in 1999/2000, with an uplift for inflation of, say, 40%, the high to attain is closer to 10,000. This statement of the bleeding obvious is slightly…
The Markets A strong performance from mining shares saw the FTSE 100 close at 6,949.63, a record high and the highest level since 30th December 1999. Investors have waited over 15 years to see the UK’s flagship index beat its previous record of 6,930.2, seen just before the dotcom bubble popped. Angus Campbell, Senior Analyst…
Tate & Lyle (TATE) recently issued its third profit warning in a year, after it was hit by weak trading at its sweetener business. The company warned that annual profits would be “modestly below” the range of £230 million to £245 million that it forecast in September, and blamed the setback on competition from cheaper…
I have just picked out Lloyds Banking (LLOY) as my monthly pick for Spreadbet Magazine in March. But you will have to wait for the stance I have on the company and its shares for a couple of weeks. As a consolidation prize it seems fair to take a look at its peers in the…
Economic analysis by Filipe R. Costa Much has been said and written about Greece for the last few years, as the country faces one of the most severe crises ever seen and has been a thorn in European politicians’ sides. While the “other students” have done it right, Greece continues to misbehave, eager to put…
The Markets As the banks gear up to announce annual results it was revealed that the UK government has sold more shares in Lloyds Banking Group. The latest sale saw Treasury owned subsidiary UK Financial Investments, which manages the government’s bank investments, sell around 678 million shares, raising over 500 million pounds. This takes the…
I have to admit that despite the rather rocky ride for this part of the stock market – Quindell (QPP) and Gulf Keystone (GKP) are infamous examples – AIM remains as stimulating as it is challenging. Indeed, it is challenging from both a technical and a fundamental perspective. The selection of stocks covered below will…
A competent adviser remarks to me: “As at September 30th 2014, SBAC (SBAC on Nasdaq) had long-term debt of $6.8 billion and net current liabilities of $0.7 billion. Net PPE was $2.7 billion and so they were balance-sheet insolvent. You can add their intangibles and they still have a balance sheet deficit. This is a…
Evil discusses Quindell, Afren, Kenneth Grundlach and Birdman… I really do not know what to make of Quindell (QPP). Today’s RNS is a little coy remarking that a material premium is to be expected above Friday’s closing price. Certainly, the price had been suspiciously buoyant in recent days. Where does this go now? I do…
The Markets According to the Office for National Statistics (ONS) UK government finances showed a surplus of 8.8 billion pounds for January, the highest for seven years. The month usually has an excess due to seeing increased tax receipts from people submitting self assessment forms. Borrowing has now fallen to 74 billion pounds for the…
