By Robert Sutherland Smith Like a great sail-driven trading ship in mounting seas without a chief officer (The new CEO David Potts is rowed aboard next week) but a busy financial navigator officer (suitably Named as Mr. Strain) keeping the ship sea worthy, William Morrison Plc (MRW) has docked its results for last year. In my…
The Markets Iconic British department store BHS has been sold by owner and retail magnet Sir Philip Green’s Arcadia Group for a reported £1. Investment vehicle Retail Acquisitions Limited is the buyer. BHS had been struggling in recent years, making a loss of £69.6 million in 2013 on £675.7 million of revenues, with Arcadia having…
My attention has been drawn to American Addiction Centers (AAC on NYSE), now around $24. This is clearly a fraud as will be swiftly apparent should one read: http://seekingalpha.com/article/2967976-american-addiction-centers-addicted-to-fraudulent-drug-testing The difficulty for me is that I was unable to borrow stock. But, possibly, others can be more successful.
It is perhaps unfortunate that the lifestyle of a technical analyst is not quite as glamorous as some are led to believe, especially as compared to the more obvious fat cat individuals in finance, and of course the BBC, Westminster and the NHS. But it has to be admitted that even if there is not…
Apologies for the lack of commentary last week, but even a Badger needs an occasional week on the slopes to recover his sense of up, down and sideways. (There was quite a lot of all of these last week.) And it feels like I’ve got back to a week of confusion, wrack and ruin in…
The Markets The UK government has agreed to follow Australia and Ireland by introducing standardised packaging for cigarettes. From 2016 all packets will look identical except for the brand name, health warnings and unpleasant pictures of rotting body parts. Simon Clark of smokers group Forest commented: “Consumers are fed up being patronised by…
Every time I look at the chart below, I have mixed feelings and I am not sure which of them dominates. On one side, I am delighted with the spectacular rise in equities seen since 2009. In just six years, the market fully recovered from losses that pushed the S&P 500 back to its 1996…
The latest setback for the FTSE 100, coming days after the record high, leaves most of us disappointed but hardly surprised. While there may not be any reason to short the market in a wholesale fashion, the best that one might suggest is that selective buying remains the approach of choice. But what can be…
Evil discusses Foxtons, Mar City, Orosur Mining, the FTSE, Jeremy Clarkson and Top Gear… I sold Foxtons (FOXT) this morning at 190p on the results and was promptly rewarded with a rise against me of the order of 10%. My obsession remains the same. **** As it does at Mar City (MAR) which clearly has…
The Markets One day after the European Central Bank (ECB) began its quantitative easing programme the pound hit a seven year high against the euro. The currency rose to €1.408, a level not seen since December 2007 and up by 37% since 2008’s low of €1.03. The ECB started its €60 billion government bond buying…
