The Watchstone (WTG) IR department tell me that the December 2015 results should be out by 31st May. If I am right about this company, the shares should rise sharply on the RNS. ***** The chairman sent me a brief note on Avingtrans (AVG) issued by Hybridan’s William Lynne. In essence AVG is capitalised at…
Market Direction: Euro/Dollar Initial 200 Day Line Support Admiral Group (ADM): October 2,200p Technical Target What we can say in terms of the recent trajectory of the price action of the daily chart of Admiral Group is the way that this is a situation which is perhaps as robust as the bulls might have wished…
As seen in the lastest issue of Master Investor Magazine “Sell in May and go away, do not return until St. Leger’s Day.” There’s generally a perception that there was lots of wisdom in times gone by, but the reality is there wasn’t. Mostly it was statistically unsound superstition with the very occasional gem thrown…
The evidence of the optimistic recovery plan at GSK is borne out in the first-quarter results and management have gone as far as they can go in giving confidence to an 80p dividend payout this year and next. The shares represent a well paid rational speculation on longer term earnings recovery, in my opinion. …
As seen in the lastest issue of Master Investor Magazine Warren Buffet is considered to be a great man for many reasons. For a start, the words of wisdom in his famous Berkshire Hathaway shareholder letters are so influential that they are widely quoted amongst the investment industry. For example, while working on the Master…
Market Direction: Cable above 50 Day Line Targets May Peak BP (BP.): Above 370p Targets 420p Considering how volatile the stock market has been in recent weeks, as well as the price of Crude Oil, it is interesting how the share price of BP remains a relatively flat affair. This can be seen on the…
Wednesday, 22 June 2016 Prime Minister David Cameron says he does not think that rising concerns about the financial condition of certain Eurozone countries will influence British voters tomorrow, though all major opinion polls now put both sides neck-and-neck… Peter Kellner of YouGov says: It’s all now down to who turns up to vote and…
I recently highlighted the possibility that it could be time for value funds to outperform and flagged up some of the closed-ended options operating in this area. There are also a number of interesting open-ended funds that might be worth considering. One of the fund ratings agency FundCalibre’s favourites is the L&G UK Alpha Trust,…
I bought Watchstone (WTG) again last week, this time at 220p. The PR people, Tulchan, remark that WTG has always reported by end May. I continue to value WTG at 400p+. ***** No doubt to increase its management fees earned AXA is recruiting luvvies by distancing itself from tobacco companies. But it is impossible to…
Market Direction: Gold, Neckline Support below $1,250 Barratt Developments (BDEV): December Resistance Target It would appear that there is plenty to celebrate at the moment as far as the recent charting action at Barratt Developments is concerned. This is said in the wake of last month’s as yet unfilled gap to the upside, after a…
