Somewhere in Aldershot in a Nissen hut, a door, marked Legal Secretariat, is knocked: “Permission to speak, Sir” “Yes, what is it Atkins?” “It’s my pay slip, Sir” “And?” “I only get £10 this month” “And?” “Well, it shows a deduction for £3,600 to pay for counsel” “Yes?” “It’s not Woking District Counsel is it?…
It only took eighteen months for Mitie (MTO) to fess up. However, there is more to come. Therefore MTO is not a buy now or indeed, I suspect, ever. Why on earth MTO kept on buying its own equity escapes me. I doubt if I am alone. If I were one of MTO’s bankers I…
The YouTube clip that follows is presumably prepared by Republican sympathisers and is a few days old. If the presenter is right Hillary Clinton should pack it in right now and let her successor, presumably Tim Kaine, take over as soon as possible: https://m.youtube.com/watch?v=Zr1IDQ2V1eM ***** Watchstone (WTG)‘s results for the six months ended 30th June…
I was forwarded a crowdfunding proposal yesterday where EBITDA was less than the ‘E’. The entire proposition was and remains fraudulent and is surely in breach of any sort of conduct rules one can imagine. I thought that the prospectus rules forbade raising new shares from more than twenty subscribers if a prospectus had not…
Churchill Mining (CHL) keeps crawling up. And it is nothing to do with the general trend of indices. But have the buyers got wind of a touch of fair play on the way from the Republic of Indonesia? I doubt it. Even so, at 29p, I am not selling. Clear Leisure (CLP) has jumped 80%…
Easy money? Lucian Miers phoned latish Friday afternoon and pointed out to me that I just had to buy Gulf Keystone (GKP) 6.25% bonds at 20.75 cents in Norway since they would convert into ordinary shares at 1.1p in seven weeks’ time. This would be in contrast to the current price of the ordinary of…
Apparently, Pantheon (PANR) has experienced sustained equipment misuse and thus failure. Anyway, Haliburton has taken over and therefore we ought to get really good news soon. As previously mentioned, there is nothing wrong with the geological prospect here. I paid 138p this morning.
Credit where it is due: as readers know I have this last two years been enraged by the idiocy provided by Charles Stanley. But yesterday the chap who attends to the affairs of Family Cawkwell (a generally thankless task) telephoned to remark that my late mother-in-law’s account had been credited with c. £24,000 through a…
This Apple (NASDAQ:AAPL)/EU tax ruling is Kafkaesque – especially given that the EU intends that Eire banks the loot where Eire has indicated that it declines. (This is understandable given that Eire thought it had entered into an agreement with Apple.) Anyway, Apple has banked all this EU-derived profit offshore so to avoid US tax…
I caught up with Molins (MLIN) yesterday afternoon in the light of their results statement to 30th June 2016. The pension deficit (i.e. the excess of the computation of actuarial liabilities over fund assets of c. £350m) is £10m or so. Curiously, the accounting standard does not insist that this liability is reflected on the…
