UK public finances are way off course. But, despite the unsympathetic forces of a cynical state ranged against him, one well-meaning bean-counter is trying to survive in extreme adversity. It makes for a harrowing Ken Loach movie… I’m appointed to make an assessment, Mr Hammond When Philip Hammond MP, Chancellor of the Exchequer, stood up…
“Those who do not learn history are doomed to repeat it.” – George Santayana We are often told that no one can predict the future, especially in financial markets, and we are also told that the “past does not equal the future”. Whilst there is some truth in this, I have to say that in…
It’s all very well Phil Bentley laying out £3.6m on his Mitie (LON:MTO) bet but he is not in post until 12th December. He will then, I think, be able to see contracts which are front-end loaded as regards profits. This will grind hard. ***** I had absolutely decided to leave Cadiz (NASDAQ:CDZI) alone since…
It would appear that scrapping the lettings agent fee in the Autumn Statement is a move that will command broad support amongst the general public. Foxtons (LON:FOXT) is one of the companies in the firing line. The initial reaction in terms of the share prices of house builders and estate agents to the Referendum vote…
Perhaps the most surprising price movement since the US election has been that of gold. Following a spike to $1,321 per ounce on election night, the precious metal has fallen back to around $1,220 per ounce. That’s surprising because Donald Trump’s election win brings a high degree of uncertainty. He plans to implement major economic,…
I have enjoyed the dire share price targets served up by “leading” City brokers regarding Tesco (LON:TSCO). Indeed, it was always going to be a tough call for the bears to see Tesco at 130p or 135p when this was the lowest the stock has been since its crisis began a few years back. CEO…
Donald Trump’s Presidency could be great news for defence companies such as BAE Systems (LON:BA.). He is apparently seeking to provide peace through strength. In other words, Trump may desire a larger, more powerful and better-equipped US military in order to deter threats from abroad. Further, he is seeking to rebalance military spending within NATO.…
“Tenbaggers”, a term coined by investment legend Peter Lynch, are often thought of as the Holy Grail of equity investment. Referring to a stock with the potential to increase in value by a factor of ten, these elusive investments, just like winning the lottery or finding buried treasure, can change your life forever. But if…
Given that Kennedy Ventures (LON:KENV) is a company focused on the resources space, and that since President Elect Trump came on the scene early this month things have been under something of a cloud, it is all the more pleasing that the stock has held up. This is particularly the case given the way that…
Mitie (LON:MTO) continues its highwire act even though the wire has been seriously lowered. This business has gone wrong and it is unlikely that Phil Bentley can turn it round. It is amazing that the banks have let the dividend be paid at all. Half time net assets are disclosed as £223m but intangibles remain…
