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…
Driven by increased penetration of broadband, along with higher adoption of smartphones and tablets, it is no secret that the market for online video streaming is growing strongly. Market leader Netflix for example grew its global subscriber numbers from 20 million in 2010 to 65.55 million by July 2015. For the third quarter of this…
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…
It’s summer’s end, and I am ready to go off to Hong Kong, away from Ibiza‘s (for me) innocent charms. Believe it or not, I spend six hours a day here in a local café, where I have a kind of Stammtisch (Germanic for engraved, personal perch), reading and pondering. These last two months have…
London’s Heathrow Airport is the only airport in the advanced world serving a national capital which subsists on just two runways – one for landings and one for take offs. And thus which runs continuously at flat-out full capacity. It handles 70 million passengers and 480,000 flights per year, flying to 184 destinations. That’s one…
With the revelation that VW have been hoodwinking customers and regulators, all over the world it seems, what can we take for granted? This is where politics and business collide. It’s a simpler analogy if we use human relationships to examine the kind of problem we’re looking at. There’s a piece of amusing advice for…
As featured in this month’s Master Investor Magazine. In the dark days of the 1930s Depression, policy-makers were divided into those who believed that the best response to the crisis was to stimulate demand and those who believed (for good classical economic reasons) that demand should be choked. In the current policy crisis – for…
