This morning’s note from Natixis offers the following resume about Quantitative Easing and what will eventually happen. I think the eventually is now: If quantitative easing is effective, will it not inevitably lead to a financial crisis? To be effective, quantitative easing must: – Drive up asset prices above the normal level: central banks buy…
I wondered why Concha (CHA) inched up to the silly level of 1.5p. Today, all is clear: a fresh 85m options at 1.18p have been granted to the workers. I make 1.18p therefore to be the new cap. TP for today? 0.6p, I suppose. ***** I bought more Tyratech in TYR form at 2.5p. This…
Ocado (OCDO) has been a slam dunk sell for as long as I can remember. But it has cost me a lot of dough. The fear has always been that Amazon, deus ex machina, might descend to thrash the shorters. However, it is as clear as one cares to dream that Amazon have no such…
I am the custodian of the racing colours and thought I’d let the chairman have a look at his. Here they are modelled by my London-based grandson, Flash. The alternative was for me to model the colours where I am not quite small enough. Flash is a member of Chiswick Rugby Football Club and is…
First out of the Christmas stocking was a copy of Sir Kingsley Amis’s Everyday Drinking. This was published in 2008 by his literary estate but comprises newspaper articles from another age perhaps about 1972 to 1985 and one can check this readily enough since he refers to the £1 bottle of wine or some such…
You could knock me over with a feather but, astonishingly, the arbitration court has ruled against Oxus (OXS). Well, that’s £60,000 down the drain. An uncertain business. ***** I wish I knew how to monitor sales at Fevertree (FEVR), now 595p. This is surely staggeringly overrated. But it’s a bold bunny that shorts it here.…
I tried to get stuck into Watchstone (WTG) first thing this morning. I was half hoping for 100p in contrast to the 70p at which they were suspended last week. In the event I paid as much as 197p. I did so reckoning that these are worth 300p right now and in due course 500p…
Apparently, should one be drafting the settlement of a divorce, one downloads forms offered by the Ministry of Justice. There is one form which covers the store of wealth represented by property but which fails to require debts and liabilities to be deducted. This has been operational for about two years and, as a result,…
I have lately reflected upon the show trial result that has seen Tom Hayes languishing in Lowdham Grange prison, Nottinghamshire as a consequence of the staggering sentence of 14 years for manipulating the Libor rate. Anyone would think that he had personally taken the profit as opposed merely to seeing his bonus enhanced. Further, I…
I/my family own c. 250,000 Watchstone (WTG). Latish yesterday it emerged that a firm of solicitors, styled Your Legal Friend (hem hem), have submitted a claim against Watchstone for, essentially, the consequences of the actions of a previous board. WTG advise that the claims come to £9.4m and that they will in any event be…
