I reckon that Provident Financial (LON:PFG) is a sell again at 2100p. The more one reflects upon the insane levels of personal debt in the UK the more a PFG short is an absolute sitter. ***** Purplebricks (LON:PURP) seems to refuse to stand up. It would probably be wisest to kick it down. Now…
Pantheon (LON:PANR) have issued £10m new stock at 43p. This might change PANR’s prospects – the directors clearly think so. I suspect that it is time to have some. The only question is as to just when. I paid 46p this morning since I guess the loose holders should not take long to clear. *****…
Acacia (LON:ACA) is down again this morning on the supposed news that ACA has been fined $190bn for tax evasion in Tanzania. This compare with ACA’s capitalisation at well under $1bn. However, I have read that, possibly, the RNS is incorrect in that the fine is in fact in Tanzanian shillings. An altogether different proposition.…
The fuss about the forthcoming listing of Aramco is entirely fake. The idea behind the 25% free float rule is to ensure that there is as little manipulation of the share price as is possible. Aramco is simply a vast bet on the price of oil, Aramco’s reserves and of course Saudi politics. It doesn’t…
It’s a wungermaul life: I did not realise this until listening to the tennis yesterday. A wungermaul arises where each player has won one game. My pick, Venus Williams, is still there. She is deffo the Afro-American in the wouldwinpile. But for profit this week it’s Newmarket for sensible bunnies: the rain will have gone…
Borrowing stock is nowadays much more expensive than ever it used to be. This is because the banks have given up on trusting one another. There is the further problem that the spread firms decide to nick a further c. 3% p.a. I do not blame them – after all, they are declaredly acting for…
One must be clear that lending money is not easy. It is necessary to judge the propensity of the debtor to repay. Many people think that this is easy whereas in fact it is not. However, throughout history people have been hard at it. For instance ten years ago just when the High Street clearers…
Readers may recall my reservation over buying Six Hundred Group (SIXH) in that the price was so low there had to be the possibility of a hidden horror. Well, this morning’s figures for the year ended 1st April 2017 put all that to bed. These results are very encouraging indeed. Tangible Net Asset Value is…
Every now and then the sun breaks through: today’s Times reports that Tom Hayes’s case is to be reviewed by the Criminal Cases Review Commission. Just on the central points raised by The Times it is amazing to me that he was ever convicted let alone sentenced to a staggering fourteen years (subsequently reduced by…
Caribbean Investment (LON:CIHL) stands at 15p offer. The price declined 5p since it went ex div of 20p a week back. The div is of course a share in Midway whose sole asset is a claim against the Belize Government of 20p per Midway share. As far as I am aware there is a fair…
