Don’t stand on your dignity, just die: Dignity (LON:DTY) needs your death since others are not obliging sufficiently quickly. Or if they are those who arrange these funerals are choosing other funeral directors. At 1,800p, DTY is capitalised at £900 million and has tnav of minus £350 million or thereabouts. There is of course a…
Arrow (LON:ARW) is, at 400p per share, capitalised at £700 million. However, tnav is minus £100 million. This would not matter if earnings were spectacular. But they are not. They are of the order of 12p – which puts ARW on a fairly fruity rating. The business comprises purchasing blocks of debt from, typically, banks…
600 Group (LON:SIXH) this morning report their six months to 30th September 2017. These figures are not stellar but they are very encouraging. There are a couple of exceptional items but, allowing for these, EPS is at 0.8p per share. Doubling this to 1.6p for a full year gives a PE of 10 at 16p.…
I now introduce Toffee Galore. As you can see from her picture she is every colt’s dream of a mate save, possibly, she has knobbly knees which would preclude her cosying up to the average Tory MP. She cost £50,000. Given that a yearling must cost at least £10,000 to produce given stud costs exclusive…
Ultra Electronics (LON:ULE) looks to me to have gone wrong. I certainly would not buy it and am minded to sell it. Now £12.30. However, for the pension plan I keep on shorting Tesla (NASDAQ:TSLA). TSLA is descending into farce and is as close to a gimme as I have ever encountered in the market.…
Phoenix Global Mining (LON:PGM) yesterday reported encouraging drill results for its to-be-revived copper mine in Idaho. Apparently there are further figures due within, say, a fortnight or three weeks. PGM was IPO’ed at 4p about four months ago, raising £4 million. There is £2.5 million left in contrast to a capitalisation of c. £9 million.…
HM Government have avoided prescribing betting limits for FOBTs. Instead there is to be a twelve week phase of gasbaggery, styled consultation. The range of permissible maximum bets is £2 to £50. Faites vos jeux. My bet is that the maximum will be set at £50 which in practice is the maximum anyway since even…
Quite how HSBC (LON:HSBA) this morning records higher profits I do not know. My personal experience of this bank in recent times not merely on my own account but also that of others persuades me that HSBC has a death wish. ***** Pay no attention to Hexagon AB‘s (STO:HEXA-B) rise on Friday. The fraud is…
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.…
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…
