Evil Diaries

Quantitative Easing or what!

Quantitative Easing or what!

1 mins. to read

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…

Jam sandwiches

Jam sandwiches

1 mins. to read

Four former directors of Barclays have been charged by the SFO this morning with breaches of this and that. It all centres round a payment of £322m to the Qataris who subscribed for the very necessary refinancing of Barclays – £4.5bn in June 2008 topped up with a further £7.3bn in October 2008. I remember…

Watchstone and Six Hundred Group

Watchstone and Six Hundred Group

1 mins. to read

I yesterday bought Watchstone (LON:WTG) again – this time at 142p. My reason is that I guess that the Slater and Gordon suit against WTG is nonsense. Subsequent to my purchase I was favoured with the following comment from a pal who follows WTG: “The Slater and Gordon case is cobblers but the CEO of…

Status change

Status change

2 mins. to read

Mitie (LON:MTO) published their full year results to 31st March 2017 this morning. They are really bad and there is little sign that things will get better in the short term and, quite possibly, in the longer term. That makes them a sell in my book at 265p which is up 18p on the day.…

Welcome to the madhouse

Welcome to the madhouse

1 mins. to read

I was going to kick off this morning’s diary by referring to a madhouse and base it on stocks like BooHoo (LON:BOO), FeverTree (LON:FEVR) etc .etc. Instead we get the general election results. I think people are forgetting that Corbyn’s manifesto was and remains based on non-existent money. These are the politics of the madhouse.…

Molins has come good – finally

Molins has come good – finally

1 mins. to read

It took a day or two but, finally, Molins (LON:MLIN) has started to come good. MLIN has today announced the sale of its “Instrumentation and Tobacco Machinery” division for £27.5m net of all taxes and fees. Given that MLIN had net assets of £35m and goodwill of £15m and that goodwill has also been sold…

More of the same deceitful incompetence from the FOS

More of the same deceitful incompetence from the FOS

2 mins. to read

I have lately spent nine months corresponding with the Financial Ombudsman Service and achieved an adverse result (in my opinion I have been improperly debited by a broker for c. £100,000). I was surprised by this since mine is a slam dunk case. So I have asked around and in particular I got the following…

Remember that you read it here first

Remember that you read it here first

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Plus500 (PLUS) is up 10% this morning – now 580p – on the announcement of a share buy back programme. This should give the directors the ideal opportunity to get out. As to why fresh shareholders should want to get in, I have no idea. ***** Un peu exaggere: today’s Daily Mail features a photo…

We must be mad, literally mad

We must be mad, literally mad

2 mins. to read

Acacia (LON:ACA) is down again this morning as the market further digests the Tanzanian government’s ban on exports by ACA. The government claims that ACA is understating its exports by a factor of ten. This is so improbable a figure upon which to alight that the use of it means that the Tanzanians wish to…

Tilting the odds in one’s favour

Tilting the odds in one’s favour

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This is really serious investment material and not for flebsters:   You enter tomorrow Wednesday’s Lotto online. You will need to register on the National Lottery site.   The problem is to devise, say, 2,000 different entries using numbers 32 to 59. I think it is £1 an entry. But you can look it up.…