With Deutsche Bank the next Lehman Brothers on this side of the pond, and a Punch & Judy Presidential Election Stateside, there is no reason and no justification for indices like the S&P to be near all time highs. Only the so called Plunge Protection Team explains why U.S. Stocks are still near the top…
My taking a profit on a small proportion of my stake in SolGold after its spurt to 12p following Newcrest International’s offer to buy 10% at 6p per share is looking silly now that the shares are touching 18p – after what looks like a mini-buying stampede today. And after dithering when to get back…
The majority of investment trusts that offer a relatively steady source of income have been bid up well beyond their underlying net asset value (NAV) with investors willing to pay a premium for the secure yield. One fund that has not yet been caught up in the bidding war is the Law Debenture Corporation (LON:LWDB),…
While the housing market is clearly still one of the main topics of conversation at dinner parties, and continues to hold up despite a fall in mortgage approvals by a fifth in August, the real issue is perhaps whether the rebound for housebuilders can continue… Barratt Developments (BDEV): Imminent triangle breakout The performance of housebuilders…
With the gaggle of visitors to my Spanish lair abating with summer, I’ve had a lot of time for thinking lately. It’s been a quiet time for markets, seemingly, but there have been opportunities, some of which we’ve taken, and others which we outright missed. But you only need one or two to stay ahead…
European bank stocks have fallen to historically low multiples. The earnings outlook is uncertain and the banking environment is in flux. Tighter regulation, coordinated at the EU level, and challenging market conditions have forced banks to refine their business models and strategies – but all this has impacted their Return on Capital. European banks are…
It is sometimes difficult not to be swayed by what the trading Twitterati are excited about. The current Stock Du Jour is Ferrum Crescent. Ferrum Crescent (FCR): 0.6p Technical Target It was the turn of the Executive Chairman of Ferrum Crescent Justin Tooth to be star of the show in the small cap market this…
It’s three months since the UK voted to leave the EU. In that time we have in place a new Prime Minister, a looser monetary policy and sterling is the weakest it has been versus the US dollar in over a decade. All in all, it’s been a dramatic quarter. While the FTSE 100 has…
It seems somewhat ironic that in a week dominated by Apple’s potential takeover of McLaren in order to go further down the road of driverless cars, one of the best performing stocks of the week on the UK market has been Seeing Machines. Seeing Machines (SEE): Technical target as high as 8p Considering that we…
Somewhere in Aldershot in a Nissen hut, a door, marked Legal Secretariat, is knocked: “Permission to speak, Sir” “Yes, what is it Atkins?” “It’s my pay slip, Sir” “And?” “I only get £10 this month” “And?” “Well, it shows a deduction for £3,600 to pay for counsel” “Yes?” “It’s not Woking District Counsel is it?…
