Apparently the miners capitulated on Friday evening. If so, punters should write Glencore (GLEN) puts (that is what the chairman has been hard at) and hoover up miners at a discount – Polo (POL) springs to mind – OK, yawn if you wish. Another highlighted last week was GRIT – OK, hold your nose as…
Beximco Pharma (BXP) reported this morning on the half year to 30th June 2015. They are a really strong set of figures. As has been noted here many times before the GDR’s, now 20p, enjoy underlying earnings of 4.3p p.a. At the GDR price BXP is capitalised at £75m as against tangible net assets of…
The chairman told me about Apple (AAPL on Nasdaq) before the results and that he was short. The chairman has scored. This morning’s DTel’s John Ficenec considers the proposition that Apple may have become too successful for its own good. He is an elegant writer and I suspect, having been a a couple of years…
It really is this simple. Even if you, dear reader, are national chairman of Attila The Hun is Tops party you can contact the Labour party and, for just £3, join the Labour party and therefore vote in the Labour leader competition. You then vote for Jeremy Corbyn and, BINGO, the Labour party is out…
I know there are difficulties in shorting World Acceptance (WRLD on Nasdaq) here in London but yet another executive director has resigned which suggests that serious prosecution might be close. If so the share price could easily halve and more. Now $58. Afren (AFR) has an EGM on Friday. I am unclear as to what…
Goldman Sachs declare that from hereon Greece’s travails will not influence markets anything like as much as they have in recent weeks. I wonder. The fact is that all this toing and froing for meetings has done virtually nothing to bring down the 50% unemployment rate amongst Greek youth. Therefore the next development will be…
The starting salaries of some British workers: Soldier £17,900, Firefighter £21,500, Nurse £21,700, Teacher £22,000, Policeman £23,300 and, finally, London Tube driver £49,600. It is little wonder that the union is protecting the last figure with the desperation of a cornered rat. When an organisation turns in on itself and engages in absurd poses, death…
I asked a property dealer what he thinks of Foxtons (FOXT) and got the following: “In London most Estate Agents fees are down. At high end ( above £5m lots ) there is little to no business being done. There are 30,000 high end apartments being built where prices of £2000 per square foot are…
Clearly, the Chinese authorities have taken leave of their senses. King Canute demonstrated to his Court that resisting the tide is a mug’s game (he is commonly of course decried as having sought in front of his Court to control the tide) the Chinese government has taken hard cash to stem the inevitable downdraft caused…
Apparently, responsible Greeks all voted YES. But had I been Greek I would have voted NO since the idea of being bossed around by Brussels is anathema to me. And so it has come to pass. I have made the point before but do not apologise for repeating it: the EU lent a vast…
