Evil Diaries

Panorama and HSBC

Panorama and HSBC

1 mins. to read

Fifty or so years ago, when Panorama kicked off, it was a respected programme. The edition I saw last night covering HSBC’s customers who may prefer not to pay tax (there’s a surprise) was pure garbage. As it happens, wearing my accountant’s hat, I used to do back tax cases and know a bit about…

Evil Diaries Addendum: Transaction Costs

Evil Diaries Addendum: Transaction Costs

3 mins. to read

As readers know, we last week featured Crispin Odey’s review of the prospects for Western economies and, quite possibly, others in the coming years. There is no obvious explanation as to how this despairing prospect has come to settle in. However, one feature stands out: we are grossly overgoverned by centre-left drivellers. These dreadfully silly…

Evil Diaries Addendum: Failed murder attempt to be compensated

Evil Diaries Addendum: Failed murder attempt to be compensated

1 mins. to read

I met Sean Daley getting on for eight years ago. He had been CEO of Camco Corporation, operating in Kyrgyzstan and which was a subsidiary of what became 3DM Worldwide, now known as Environmental Recycling Technologies (AIM: ENRT). There was an attempt in Bishkek upon his life in July 2006 during which four gun shots,…

The Evil Diaries: Faites vos jeux

The Evil Diaries: Faites vos jeux

3 mins. to read

Evil discusses Asia Resource Minerals and Churchill Mining… Well, well, well. Nat Rothschild has underwritten a $100m placing at 25p a share for Asia Resource Minerals (ARMS). This is a big premium to the price ruling before the RNS this morning and, even now, the stock stands at a substantial discount to the issue price.…

The Evil Diaries: Septuagenarian Vegetarian

The Evil Diaries: Septuagenarian Vegetarian

1 mins. to read

Evil discusses Hargreaves Lansdown, Avanti Communications, Oxus Gold and vegetarianism… Hargreaves Lansdown (HL.), now 980p, is on a PE of 28 or whatever. But the easy days of handling funds are over and that rating is just too rich. ***** I closed my longstanding short in Avanti (AVN). I had to pay 245p which surprised…

An Evil Knievil Special: Plus ca change

An Evil Knievil Special: Plus ca change

6 mins. to read

Evil discusses Tesco and Nasdaq-listed Cadiz… So Tesco (TSCO) is to be investigated for unfair trade practices such as late payment to suppliers and space sales to suppliers who seek to promote their lines. All this will take time and money and achieve nothing whatsoever. It is just modern government in practice. All that a…

The Evil Diaries: In-tray sentimentality

The Evil Diaries: In-tray sentimentality

4 mins. to read

Evil discusses Orosur Mining, Moneysupernarket, Which?, Prince Charles and his in-tray… I got a call from Pablo Marcet, the exploration geologist at Orosur (OMI), this morning. He was in effect part of the package that comprised Waymar the Colombian prospect acquired by Orosur last year. Dealing with Colombia first, it is clear that Pablo reckons…

Evil Diaries Addendum: Quindell Speaks… Quindell Speak

Evil Diaries Addendum: Quindell Speaks… Quindell Speak

0 mins. to read

Evil discusses Quindell… At 12.30 today Quindell has come up with the following: “Press speculation Quindell Plc (AIM: QPP.L) announces that, contrary to speculation, the exclusivity arrangements with Slater & Gordon Limited in respect of the possible disposal of an operating division of the Group (“Exclusivity”) continue and discussions are on-going. There can be no…

The Evil Diaries: Rural Crime

The Evil Diaries: Rural Crime

2 mins. to read

Evil discusses the FTSE, gold miners, Outsourcery, Mitie, Afren, loonie/USD, the election, and rural crime… As it happens, aside from going short of FTSE pursuant to the Crispin Odey-inspired message of doom last week, I am long gold and gold shares such as, you guessed it, Orosur (OMI). But I decline to get involved with…

The Evil Diaries: The Dimmies Get Clean Away With It

The Evil Diaries: The Dimmies Get Clean Away With It

2 mins. to read

Evil discusses the Canadian dollar, Quindell and the FCA… It is time to get short of the Canadian dollar or “loonie” against the USD. The offer price of the loonie is currently 1.25 or so to acquire one USD. I do not know why this is the trade. But I have had good advice and…

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