Equities

Thomas Cook: Blown off course, for now

Thomas Cook: Blown off course, for now

4 mins. to read

The best laid plans of mice and men go astray in the middle of a Greek Tragedy and a journey to Valhalla from a Tunisian beach. At 117p a share, some of the cheapest sales revenue in the business; not so much a question of whether to buy but when to buy. “Troubles, when they…

Why I bought a small initial holding in Zegona Communications

Why I bought a small initial holding in Zegona Communications

4 mins. to read

Zegona Communications (AIM listing, ZEG.L, Market capitalisation £47m but after deal about £290m, 165p and 1.0% of JIC Portfolio): Whilst sifting through the holdings in Neil Woodford’s Equity Income Portfolio last week, there was one holding which particularly caught my attention. Zegona Communications came to market in March through the placing of 25m shares at 120p…

Centrica shares due a bounce?

Centrica shares due a bounce?

4 mins. to read

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…

Primark’s Secret: Thrift is Cool

Primark’s Secret: Thrift is Cool

8 mins. to read

The Credit Crunch of 2008, and its aftermath, changed the way we think and spend. From the time that the banks messed up, ordinary people’s wages in the UK barely rose for six years, while prices of staples like food and energy soared. The luxury sector continued to thrive because the modern rich (amongst whom,…

Barclays looks set for rising returns

Barclays looks set for rising returns

3 mins. to read

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…

Are Unilever Shares as Dear as Their Products?

Are Unilever Shares as Dear as Their Products?

5 mins. to read

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…

Keep Calm, Carry on and Buy Glencore

Keep Calm, Carry on and Buy Glencore

3 mins. to read

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…

Mellon on the Markets

Mellon on the Markets

11 mins. to read

Note to readers: Henceforth, Jim’s musings will be published in real-time on the Master Investor website as well as every month in the magazine.  Sweltering in my Spanish hideaway, I have followed the Greek saga with interest – but not surprise. As expected, a Eurofudge emerged at the last minute, with a sort of elaborate…

Recovery Prospects at RSA?

Recovery Prospects at RSA?

4 mins. to read

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…

Has Sprue Aegis’s Fire Gone Out?

Has Sprue Aegis’s Fire Gone Out?

6 mins. to read

Sprue Aegis is a great British company which I have covered for many years, ever since it was listed on the old PLUS markets. The shares have been somewhat of a private investor favourite in recent times, having risen by more than 800% over the past five years. Over that time revenues have more than…