Evil Diaries

Administration beckons at Interserve

Administration beckons at Interserve

2 mins. to read

There is a sequence in things. Take Interserve (LON:IRV) which announced a general cock-up on Thursday last. The shares tanked to 55p at which point I sold short. The following day IRV announced a contract win with DWP. The shares closed at 75p on the Friday. Today IRV announce a contract win at the BBC.…

And the winner is…

And the winner is…

1 mins. to read

I blundered yesterday by buying Acacia (LON:ACA) at 247p after it announced that the Government of Tanzania had come to a settlement with it. Some settlement. Basically GoT had decided to nick ACA’s future earnings by one means or another. So they had started off by a ridiculous claim for back taxes and in effect…

Homage to Catalonia

Homage to Catalonia

2 mins. to read

In the light of events in and around Catalonia I reached for George Orwell’s Homage to Catalonia. It is a truly astonishing book (£6 on Amazon) in that Orwell was only 34 years or so old when he wrote it and here recounts his involvement on the Republican or socialist side in the appalling Spanish…

I must be missing something

I must be missing something

1 mins. to read

I must be missing something but there has been a huge miss or fail on deliveries/completions of Tesla (NASDAQ:TSLA) cars. In normal circumstances this should have pole-axed the share price but in fact there has been only a marginal decline. Very odd. But there is the sweetener in that the short sell opportunity remains and…

It’s starting to get hotter

It’s starting to get hotter

1 mins. to read

My generation laments the passing of Sabrina, born Norma Sykes, named after the daughter of the King of Britain and drowned in the river Severn. She was, she claimed, the Manchester junior breaststroke champion but I think she was kidding: she was surely the world senior breaststroke champion. If in doubt, just look at her…

Gold has perked up

Gold has perked up

2 mins. to read

Rather to my surprise (I needed surprising) gold has perked up this morning. I bought more. If the Catalonians today elect to backpedal on independence the final collapse of the Euro (and thus the perfect backdrop for a vertiginous rise of gold) is deferred. Thus some would say that it is premature to buy gold.…

Pensions administration review

Pensions administration review

1 mins. to read

Pensions administration review: as most readers know the old age pension paid out by the state has a fundamental problem which is that there is a decreasing fund out of which to pay it. Accordingly, HM Government takes the view that since there is no point in leaving citizens to save for their old age…

It’s costing me right now

It’s costing me right now

1 mins. to read

The problem with trying to kill an idea, whether religious or political, is that the task is impossible. Hitler tried and failed and so also did Stalin. So what possesses the Madrid government to think it can thump the Catalans into submission goodness only knows. Needless to add, the EU commission sees its authority being…

Dyson to electrify the West Country

Dyson to electrify the West Country

1 mins. to read

Dyson to electrify the West Country: I think Sir James Dyson’s intervention in the electric car market is very telling. He is clearly very intelligent and the public believe in him. He could float Dyson vehicles right now. Of how many people could the same be said? Not many. He will have had the advantage…

A mixture of sad and pathetic

A mixture of sad and pathetic

1 mins. to read

Moody’s have reduced the UK government’s credit rating from AA1 to AA2. Their argument is that Brexit will make it harder for the UK to repay. This is surely nonsense since all the Chancellor of the day has to do is take out his pen and sign a few cheques. Any fool can do that…