If you believe the last summer was tough to invest in the equities market, then just wait for the rest of the year and you’ll see how bad things can get! I don’t want to be the “Dr Gloom” of Master Investor, but I’m increasingly worried about the proportions the current distortions are taking, as…
Yesterday Madagascar Oil (MOIL) announced that the $5m due to be repaid on 6th October had been replaced by another loan for c. $21m. It comes from existing major shareholders and is a terrific vote of confidence in the company’s future. Of course it means that, absent a burst of enthusiasm for the equity, it…
– The FTSE 100 closed the day at 5,923.55, a decrease of 35.31 points. – The FTSE 250 fell by 151.40 points to finish at 16,462.76. – The FTSE All Share dropped by 21.24 points to 3,267.38. – The FTSE AIM All Share finished at 720.44, down by 6.28 points. Outsourcing specialist Mitie (MTO) said…
Whenever you take a position in the market you take on risk. There is no position without risk. If you buy some shares you risk losing the capital you’ve invested. With a house you risk losing your capital, repossession if you don’t make your mortgage payments, and total loss from flood or fire unless you’re…
Royal Gold’s winning all the big deals it seems. Valued at $3bn and based in Denver, the company is the third largest streaming group by market cap, trailing Franco-Nevada and Silver Wheaton, but in the last 6 months it has announced hefty new streaming agreements with Teck, New Gold and Golden Star in Chile, Canada…
Hold Close Brothers Group (CBG) Tight Close Brothers Group (CGB) has just delivered its statement of results for the year to 31st July 2015. They were a gratifying and polite response to my judgement last June that the shares offered decent value, prospects and income. Overall, group operating profit increased by 16% to £224.9 million…
I nicked 3p out of Glencore (GLEN) on the capitulation scenario by going long. OK, it is not a lot but it was a gimme. ***** However, the real news is Ennismore’s comments this morning on Globo (GBO)‘s results. The chief debagger writes: “Gents, I know you all have an interest in Globo. In case you…
I do not know what is going on at Glencore (GLEN). But it is not good. Steer clear. The CEO of HSS (HSS) departed last Friday. Hereon the share price should go down. This morning’s rise is a selling opportunity. And APR Energy (APR) approaches its 30th September date with destiny. This is a golden…
It’s summer’s end, and I am ready to go off to Hong Kong, away from Ibiza‘s (for me) innocent charms. Believe it or not, I spend six hours a day here in a local café, where I have a kind of Stammtisch (Germanic for engraved, personal perch), reading and pondering. These last two months have…
Central banks have been so fixated on fighting inflation that they have killed it completely. Now they have the reverse problem and need to find ways of generating it again. But, at a time when interest rates are already near zero, central banks need to jump into the unknown world of unconventional measures where quantitative…
