I was told perhaps nine years ago that Carillion’s (LON:CLLN) accounting was highly questionable. And by no means was I alone. The surprise is that it has taken so long for all this and its effect to emerge. I hope HMG’s lawyers have been sensible when entering into contract with CLLN to ensure HMG’s losses…
Hexed: Contrary to expectation on the part of the market, Mr Rollen of Hexagon AB was yesterday evening publicly found not guilty. The effect was an inevitable 5% rise in Hexagon AB’s share price this morning. However, this still leaves Hexagon AB a clear short above 400 Euros. The balance sheet is appalling and the…
I heard on the wireless that Mifid II contains 1.7 million paragraphs spread over 7,000 pages. HMRC has always proceeded on the basis that ignorance of the law is no excuse when in fact it is quite impossible for one man to know the law. Mifid II seems to be getting in on this act.…
The chairman drew me into increasing my gold long position just before the weekend. I couldn’t follow it over the weekend since, curiously, there is no price feed from the Far East. Goodness only knows why. There must be hundreds of thousands of Japanese and Chinese – to name just two lots – who would…
I hesitate to call Heseltine an idiot but he is certainly deceitful. He keeps going on about Brexit being a disaster when he must know that many Brexiteers so voted simply to allow us to govern ourselves – Britain has developed our preferred democratic system over this last 1000 years. It might have been different…
Easy money: Caribbean Investment (LON:CIHL) reported some stellar results this morning. They are not a fluke and can be taken as representative. EPS for the six months to 30th September 2017 is c. 6.8p. This can be doubled to go to the full year and means that at 20p to buy CIHL is on a…
A star is born: if you missed Georgia Toffolo (a.k.a. the Toff) on Andrew Neill’s politics show go back and look it up. She won I’m A Celebrity Get Me Out Of Here. Not only is she attractive (very and with good legs) she is astute and clever. She is a natural Conservative by disposition…
I think that one of the essential rules of showbiz is that one should leave them wanting more. On this basis, Henry Blofeld’s session this week reading his book, Over and Out, on BBC Radio 4’s Book of the Week slot and which finished today deploys the very showbiz rule earlier adduced. The entire presentation…
The bid for Ladbrokes Coral (LON:LCL) has arrived. What surprises me is that it is tabled before HMG opines on FOBT maximum stakes – this is expected by the end of January 2018. I am taking a profit. ***** Steinhoff (ETR:SNH) has duly collapsed on the announcement that its CEO is going and PwC has…
HM Treasury has just announced that they wish to know what is going on in the world of bitcoin. This means that bitcoin is a serious form of currency and can be expected to retain its value against other currencies. Perhaps three months ago I thought that bitcoin was a serious investment since the Chinese…
