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Convatec: 340p price channel target

Convatec: 340p price channel target

1 mins. to read

There is not too much historical data to go by on the daily chart of Convatec (LON:CTEC), but enough for early bird chartists to make a decent call on a possible extended rally. There are very few stocks that I have not heard of, with the usual explanation being that they are either new to…

Is Barratt Developments a value trap?

Is Barratt Developments a value trap?

4 mins. to read

As the UK finally invokes Article 50 to leave the EU, the outlook for housebuilders such as Barratt Developments (LON:BDEV) is incredibly uncertain. The company’s shares may have risen 16% already this year, but they continue to trade on a P/E of 9.7 and a prospective dividend yield of 6.9%. For many investors this could…

An amicable divorce?

An amicable divorce?

10 mins. to read

Ready. Aim. Fire! The notorious Article 50 of the Treaty of Lisbon (2007) was “triggered” by the United Kingdom last night when Prime Minister May signed off a historic letter to Donald Tusk, President of the European Council. This was delivered by hand by Sir Tim Barrow, our man in Brussels, at 12:20 BST this afternoon.…

Sirius Minerals: Breakout targets 200 day line at 24p

Sirius Minerals: Breakout targets 200 day line at 24p

1 mins. to read

It would appear that Sirius Minerals (LON:SXX) is finally hitting the big time, at least in terms of ambitions to list on the main market. It will be interesting to see whether it is better to travel than to arrive in terms potash miner Sirius Minerals’ journey from AIM to the main market of the…

Mellon on the Markets: The next money fountain

Mellon on the Markets: The next money fountain

5 mins. to read

Another Master Investor done! A huge crowd, impressive companies, great speakers and an engaged audience. Well done Swen and team! I must say I always feel wrung out afterwards, as it takes weeks to prepare my speech and develop my theme. Luckily, this year, I think we are onto a new money fountain centred on…

Analysis please

Analysis please

0 mins. to read

Analysis please: the Remainers have come up with this figure of £60bn as a lump sum to be paid to the EU before anything happens. The trouble is that no analysis is offered. And, anyway, would you pay £60bn in advance (his request) to Michel Barnier? **** There must be a huge surplus of funds…

Strong performance by specialist Vietnam fund

Strong performance by specialist Vietnam fund

5 mins. to read

The £570m VinaCapital Vietnam Opportunity Fund (LON:VOF) has just announced a strong set of half-year results for the six months to the end of December. VOF’s NAV was up by 10.9% in US dollar terms over the period, which was well ahead of the 3% increase in the benchmark, and it has continued to do…

Taptica: Notional 400p technical target

Taptica: Notional 400p technical target

1 mins. to read

Taptica (LON:TAP) came to my attention following a stock screen on  VectorVest, something I keep an eye on for the best fundamental situations on the stock market. Then my charting kicks in! Taptica has an air of 1984 about it (in a good way) in that its technology allows companies to be able track internet…

Higher inflation could enhance Shell’s income appeal
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Higher inflation could enhance Shell’s income appeal

5 mins. to read

Inflation is arguably one of the biggest dangers facing investors at the moment. Although it is currently only 2.3% in the UK, forecasts from various entities such as the Bank of England say it will hit 3% or even 4% by the end of 2018. Added to this is the potential for a relaxed fiscal…

Iceland re-opens its door to capital flows

Iceland re-opens its door to capital flows

5 mins. to read

While Europe is recovering from the financial and sovereign crises at a very moderate pace, Iceland seems to have completely reversed one of the worst banking crises ever seen, where three banks with assets in excess of 10x the country’s GDP suddenly collapsed. Almost 10 years after the peak of the crisis, when the central…