Being something of a chocoholic, and being one of the few people actually prepared to pay £3.85 for a 65% Supermilk bar, the short history of Hotel Chocolat has been a source of much personal interest. Hotel Chocolat (HOTC): Break Towards Implied 300p Technical Target It would appear that the rating upon which Hotel Chocolat…
The world of central banking continues to delight. This particular niche has delivered the greatest advances in economic knowledge, outputting refined new tools to improve the way our economy works. They redefined the zero lower bound, making it possible for borrowers to get a return on their debts; they turned the time preference upside down;…
Investors should not assume we have seen the full implications of the UK decision to go it alone. Like history, the future is another country; they do things differently there. One of the useful things taught in economics, is to distinguish between the ‘short term’ and the ‘long term’. John Maynard Keynes (whose wisdom has…
The protracted period of low interest rates triggered by the 2008 financial crisis has pushed up the value of many reliable, income-generating parts of the market to the extent that their valuations have become considerably overstretched. One area where there are still some pockets of value is infrastructure. The companies operating in this sector provide…
I have to admit that, as in the case with Lonmin (LMI), at one stage earlier this year I did succumb to the idea that Glencore may be no more. Instead, the share prices of both companies have reversed sharply to the upside. In the case of Glencore, the question is can it continue? Glencore…
Savers should brace themselves for more pain as the Bank of England’s latest interest rate cut filters through the system and inflation begins to creep higher. The Bank of England cut its base rate in half in August, from 0.5% to 0.25%, and expanded its Quantitative Easing (QE) programme by £60 billion to £435 billion.…
Being a dedicated follower of fashion, and on the occasion of its first season-less catwalk presentation, it would appear this is the right time to take a look at luxury brand group Burberry. Burberry (BRBY): Support above the 200 day moving average targets as high as 1,800p The recent history of Burberry has been an…
Wm. Morrison was a buy! You heard that message here last month ahead of these first-half results, and in the face of a massive uncovered bear position. (Clearly, too many hedge fund managers shop at Harrods and not Morrisons!) The grocer has managed to keep its customers happy, and the share price has responded in kind.…
One of the better aspects of trading/investing via technical analysis is that one can head above the clouds as far as the fundamentals of a company are concerned. Clearly, the odd profit warning and placing can sometimes slip through, but this is the exception rather than the rule. Octagonal (OCT): Sharp, Positive Momentum Financial services…
It only took eighteen months for Mitie (MTO) to fess up. However, there is more to come. Therefore MTO is not a buy now or indeed, I suspect, ever. Why on earth MTO kept on buying its own equity escapes me. I doubt if I am alone. If I were one of MTO’s bankers I…
