Rather more than a year ago I here considered Phosphorus bonds. These were issued by that company which itself served as a holding company for Phones4U. Shortly after the £200m fundraise that very sum was sent up to its very own holding company BC Partners. And not long after that the entire structure collapsed. Even…
The general consensus on the street has been bearish on Crude since the US became a self-reliant energy producer and exporter. This, coupled with more energy-efficient vehicles may have subdued demand and brought oil prices down to multi-year lows (currently $49.00). While Russia does not want to cut production, increasingly many OPEC nations are considering…
It would appear that Thomas Cook has been in the news for all the wrong and tragic reasons in the recent past, as the tourism industry was hurt by the ravages of terrorism. But at least the latest newsflow, including the announcement of a hotels sourcing deal with Webjet, temporarily provides a respite. Thomas Cook…
I promised to update on Kibo Mining when it published details of its joint venture with an adjacent gold miner to monetise its gold assets in Tanzania’s Lake Victoria gold fields – in order to add to whatever value emerges in its Mbeya coal to power station project. Hiving off parts of a company is…
BAT’s sales and earnings are on the rise again. However, the shares are full of profit given that the share price has risen by a third over the last year. By past standards the shares do not look particularly cheap. Last year’s dividend yield is only 3.1%, and this year’s and next are estimated at 3.3% and 3.5% respectively. I judge the shares a ‘hold’…
It always concerns me when the mainstream media, in the form of financial journalists, start doing their own technical analysis/charting. Usually it concerns Heads & Shoulders, or Golden/Dead Crosses, but the latest manifestation is the RSI on the FTSE 100 hitting “overbought.” FTSE 100: RSI Sell Signal? It is difficult not to imagine there is…
If you have any exposure to the major (or indeed minor) European bourses, prepare for turbulence. 2016 (with an epilogue in 2017) could turn out to be another 1848. That was the year that virtually every major European state succumbed to revolution, and the continent, as Karl Marx observed, passed into a new era. Storm…
Exchange-traded funds (ETFs) have grown in popularity over the last few decades, as they offer a few advantages over other investment vehicles. In particular, retail investors can use them to achieve a much higher degree of diversification within their portfolios without incurring prohibitive fees, while also getting exposure to markets they wouldn’t otherwise be able…
Sound Energy has been one of the small cap phenomena of the year to date, but it is ironic that the big bull run here took quite a while to get off the ground. Sound Energy (SOU): Rising Trend Channel Targets 70p The enigma of Sound Energy and its recent mega rally is the way…
On 1st August the Board of the BlackRock Income Strategies Trust (LON:BIST) announced that it was going to review the fund’s investment objective and policy. The news came as a surprise to its shareholders, many of whom had invested after the new mandate was implemented last February. BIST’s current remit is to provide investors with…
