You have to hand it to Rob Terry. Here he is facing serious questioning from the FCA over his conduct in and around Quindell (QPP) and he asks the FCA for permission to go over 10% of Daniel Stewart (DAN). I suppose that this is roughly analogous to a condemned man asking for a glass…
Poundland (PLND) faces legal problems at the hands of the Competition and Markets Authority in taking over 99p Stores since the authorities have invented the notion that this particular band of discount retailing should be treated as different from all others. I trust that further reflection amongst those who impose these pointless costs of enquiry…
Greatly to my surprise Petro Matad (MATD) has announced a farm-out of aspects of its Mongolian properties with BG Group (BG.). The money problem is also resolved. Petro Matad retains Block XX – apparently this could be pretty good as well. I bought 100,000 at 10p – just to keep my hand in. My friend…
I have very recently commented on the big unravel coming at Mitie (MTO) and was surprised that the stock recovered to 281p at COB last Friday. Anyway, Saturday’s DMail finance section leads on delays now being encountered at Mitie on paying up arrears of pay where Mitie had underpaid in the sense of below the…
Evil discusses Mitie, Concha and Optibiotix… Mitie (MTO) offer a market update this morning. The telling paragraph is: “As a result of the market pressures in the homecare and social housing businesses we expect our full year headline operating profit to be slightly below current market expectations.” This is just the beginning of the great…
Evil discusses ASOS, Quindell, the business leaders’ letter in support of the Tories, and Sam Cameron… I may have missed something (I doubt it) but ASOS (ASC) is on a PE of the order of 100 and profits are declining. Timber! The fan club would point out, if minded, that I have misunderstood matters. All…
Evil discusses ASOS, Quindell, the business leaders’ letter in support of the Tories, and Sam Cameron… I may have missed something (I doubt it) but ASOS (ASC) is on a PE of the order of 100 and profits are declining. Timber! The fan club would point out, if minded, that I have misunderstood matters. All…
Older readers will recall Nasdaq-quoted World Acceptance (WRLD). It was then $20 and set to collapse. In the event, year after year, the imminent raids from the Feds never materialised and World got up to close on $100. I just gave up. But this is a massive scam and, on Monday, Seeking Alpha published a…
Evil discusses Quindell and Daniel Stewart… I have been astounded by Quindell (QPP)’s rise. But there we are: I certainly would not short it now. However, the rubber ball (“he’ll come bouncing back to you – bouncy bouncy”), Rob Terry has bought 52m shares in Daniel Stewart (DAN) or 8%. The shares are ahead by,…
Evil discusses Outsourcery… Some people insist on slagging off Outsourcery (OUT) since they have taken a dislike to the co-boss, one Piers Linney. I doubt if this is a sensible starting point. One should surely confine oneself to the figures. However, these are awful. Although the board issues an upbeat tone it is quite impossible…
