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Tesco takes it on the chin
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Tesco takes it on the chin

1 mins. to read

Today’s press carries the item that a group of some 125 Tesco (LON:TSCO) shareholders are claiming £100m+ damages as a result of having invested in Tesco in the light of buoyant figures caused by fraudulent accounting. I dare say that some might claim on the basis that they would have sold but for the figures…

Global Resources Investment Trust turnaround targets 15p

Global Resources Investment Trust turnaround targets 15p

1 mins. to read

A Master Investor reader highlighted me to the attractions of the Global Resources Investment Trust (LON:GRIT) chart, and it seems worthy of an update. It may be an obvious, but nevertheless useful, thing to suggest that in technical analysis the oil tanker analogy is a very good one. The implication is that the longer a…

The Uber judgment is nonsense

The Uber judgment is nonsense

3 mins. to read

I was surprised by the Uber judgement. After all, the taxi drivers put up their own capital and work their own hours. So I asked a longstanding tax expert whom I know. His reply is instructive: “The UBER judgment is nonsense unless, which is not improbable, our trendy and light-on-law modern day judiciary decide to…

Earthport: Above 200 day line targets 25p

Earthport: Above 200 day line targets 25p

1 mins. to read

Rather strangely perhaps for a technical analyst I do not usually look at the volume data on stocks and markets. But today highly traded Earthport (LON:EPO) is a decent exception. Although I have to confess the world of cross border payments is about as dull a subject as I can imagine, there is a rule…

Greatland Gold: Above 200 day line targets 0.4p

Greatland Gold: Above 200 day line targets 0.4p

1 mins. to read

It may be the case that with retail traders long up to the eyeballs of Gold and Silver, we are due a new leg to the downside. But at least the minnow stocks in the area such as Greatland Gold (LON:GGP) appear to be progressing well. Greatland Gold is currently in focus following the announcement…

Brexit makes Diageo a takeover target

Brexit makes Diageo a takeover target

4 mins. to read

Perhaps the biggest effect of Brexit thus far has been its impact on the pound. It has weakened by 18% versus the dollar since the EU referendum as confidence in the UK economy has deteriorated. More of the same could lie ahead and it would be unsurprising for the pound to weaken yet further, particularly…

Will Tesco survive Brexit?

Will Tesco survive Brexit?

4 mins. to read

Tesco (LON:TSCO) used to be a rather dull stock. It was seen as a defensive play with a generous yield and had the potential to expand abroad in Asia and the US. Today, its business is anything but dull. A new management team is in the process of changing the company so that it is…

Cloudtag: Hammer rebound at 50 day line

Cloudtag: Hammer rebound at 50 day line

1 mins. to read

Wearables group Cloudtag (LON:CTAG) has been one of the big stock market winners of the year to date. It has been helped along by being in the midst of the Zeitgeist of tech gadgets, as well as health and fitness concerns. Being a fan of a stock which has climbed far and fast over the…

New Star Investment Trust’s 33% discount beckons

New Star Investment Trust’s 33% discount beckons

4 mins. to read

Last week I wrote about Miton Global Opportunities (LON:MIGO), which is an interesting investment trust that exploits pricing anomalies amongst closed-ended funds. One of its holdings is the New Star Investment Trust (LON:NSI) and I think it is worth a closer look as it offers an intriguing and possibly unique opportunity. NSI was originally launched…