Pantheon (PANR) have raised $25m at 115p. This looks fairly bullish to me since there has been quite a short position awaiting this event. Now 130p. ***** I got hold of David Cowen the FD of Molins (MLIN) and he very kindly let me have the only two circulars pursuant to MLIN’s results for the year ended 31st…
It’s easy to focus on the same markets all the time and forget to look for opportunities elsewhere. Screening is a useful tool that’s available through most charting packages and online services, but you still may miss some big ones. Nothing beats having an actual browse from time to time. So here are some places…
Sterling may fall to parity with euro declared a header in the Daily Mail City pages last week[i]. It was one of many stories reporting the warnings of the throng of professional Jeremiahs unleashed by the government-orchestrated IN campaign. Apparently, the gnomes (“strategists”) at UBS had spoken. Other queer fish at Goldman Sachs, HSBC and…
Niki Adams of the Collective of English Prostitutes and self-declaredly a prostitute appeared on C4 news last Friday evening arguing for legalisation of the “game”. Sadly, the conduct of C4’s enquiry was so fast and superficial that the value of this piece was largely lost. But, increasingly, there seems to me to be a strong…
Market Position: Break of $35 Opens Up $43 on WTI Crude Berkeley Group (BKG): Questioning the Bull Argument? While of course on a fundamental perspective it can be said that the housing market and housebuilders are supposed to be a one way bet, housebuilders shares are not looking so sprightly. The latest developments here on…
As seen in the lastest issue of Master Investor Magazine. It took me a very long time to realise it, but bear markets really are a long-term investor’s best friend. Not that you’d know it from all the panic-inducing hype put out by the mainstream media. But despite the relative smallness of this latest bear…
The AIC has recently published some interesting research that compares the risk and performance of investment companies and open-ended funds. It shows that the former tend to be more volatile because of gearing − they can borrow to increase the amount of money they have to invest − and the fact that the shares can…
Life and death in Eire: Minco (MIO) has won in the High Court. I do not know where this leads but it is nice to report signs of life. But Petroceltic (PCI) died this morning despite an article in yesterday Irish edition of the Sunday Times which claimed that a bid for Petroceltic’s Egyptian assets had…
Market Direction: Gold above $1,250 Targets $1,340 EasyJet (EZJ): Higher Low Suggests 200 Day Line It may be said that it has been a rather rocky ride of late for shares of EasyJet, with the obvious benefits of the low Crude Oil price not quite delivering quite the type of high octane bull run that…
With the news today that Facebook will have to pay more UK tax, I thought it was about time to do a round up on the US markets. First off the Dow (DJI) looks nice and bullish for the moment. It’s above the cloud there and probably heading up to the region of 17,700, with…
