This Apple (NASDAQ:AAPL)/EU tax ruling is Kafkaesque – especially given that the EU intends that Eire banks the loot where Eire has indicated that it declines. (This is understandable given that Eire thought it had entered into an agreement with Apple.) Anyway, Apple has banked all this EU-derived profit offshore so to avoid US tax…
Anyone wondering whether the post-Brexit state of flux might be good for at least some banking stocks need look no further than the internationally focused HSBC and the mega rally of recent weeks. HSBC (HSBA): 620p Technical Target It would appear that the banking sector on the London Stock Exchange is split quite cruelly between…
FTSE 350 Stocks Antofagasta (ANTO): June Price Channel to 600p While some of the other mining sector giants such as Randgold Resources (RRS) seemed to head for the upper reaches of the stratosphere with relative ease, it can be seen on the daily chart of Antofagasta that there has been a crawl higher over recent…
It amazes me that people here are so absorbed by foreign politics but scarcely seem to engage with domestic politics at all. The Trump campaign is a classic example. I see countless retarded posts by Brits on Facebook saying things like “we’ve GOT to stop Trump getting elected”. I say retarded because, given the person…
There may be some of us who are kicking ourselves for missing out on the great 2016 rebound for mining and energy stocks. However, even though it is not exactly early days to try to get on board, there are some contenders relatively near to the low end of their respective ranges. Global Resources Investment…
It is five days now since the world’s Olympians filed out of the stadium in Rio heading home in a blaze of samba. But for the glorious lasses and lads of Team GB their homecoming on golden-nosed flight BA2016 on Tuesday – which we were told was groaning with Champagne – was triumphant. Of course,…
I last wrote on Persimmon (PSN) shares last month when they were languishing at 1,239p and it struck me that they were looking remarkably good value on the fundamentals. It is always a bit risky calling shares before the actual results but where there is risk there is the potential for reward as well. I hasten…
I caught up with Molins (MLIN) yesterday afternoon in the light of their results statement to 30th June 2016. The pension deficit (i.e. the excess of the computation of actuarial liabilities over fund assets of c. £350m) is £10m or so. Curiously, the accounting standard does not insist that this liability is reflected on the…
Considering that the last pair of shoes I purchased was £29.99 at Top Man, it could be argued quite fairly that the Jimmy Choo proposition is not really something which I espouse. But then again, with the stock market, knowing when to separate business from pleasure is all important. Jimmy Choo (CHOO): Broadening Triangle Targets…
If you thought mining was about digging holes in dry ground, and that the technology required to do that was mature, think again. There are new kinds of extreme miners emerging who are taking mining to undreamed-of places. There are miners who are extracting resources from below the ocean waves. There are miners operating in…
