As featured in this month’s Master Investor Magazine. In the dark days of the 1930s Depression, policy-makers were divided into those who believed that the best response to the crisis was to stimulate demand and those who believed (for good classical economic reasons) that demand should be choked. In the current policy crisis – for…
Shares in Glencore rattled below £1.00 in trading this morning, amid a fierce sell-off in London that sent the FTSE 100 below the 6,000 mark for the second time this year. Glencore touched 99p for the first time since the company listed at £5.30 in 2011, whilst Rio, BHP and Anglo American are all falling…
The outlook in this morning’s press was so gloomy as a result of this VW affair, I just had to nick a few points going long on FTSE. That noted, after VW, who is next to be excoriated? ***** Lord Ashcroft has revealed himself to be a prize ass. He even paid for all this…
– The FTSE 100 closed the day at 5,935.84, a fall of 172.87 points. – The FTSE 250 fell by 363.33 points to finish at 16,529.98. – The FTSE All Share dropped by 89.21 points to 3,276.30. – The FTSE AIM All Share finished at 730.51, down by 9.31 points. Soft drinks firm AG Barr…
I remember seeing an interview on TV with some guy who’d made millions from spread betting. Not doing it – selling it. And he came out with what I later determined to be a stupid thing to say: “trading is easy, it’s just 50:50. Things either go up or they go down”. What a crock!…
An interview with Martin Warner, Managing Director of Michelmersh Brick Holdings. As featured in this month’s Master Investor Magazine. James Faulkner: Thanks for taking the time to speak to Master Investor. Could you begin by giving our readers a brief overview of Michelmersh Brick Holdings (MBH) and its history for the benefit of the uninitiated?…
Fraught Mining Asset Sales Are Creating Opportunities $10 billion. $25 billion. The cash that analysts expected Rio Tinto and BHP Billiton to raise from asset sales just two years ago was being counted in the tens of billions. But it has not quite panned out that way. Caught between plunging commodity prices and a small…
– The FTSE 100 closed the day at 6,108.71, an increase of 4.60 points. – The FTSE 250 fell by 57.42 points to finish at 16,893.31. – The FTSE All Share dropped by 0.17 points to 3,365.51. – The FTSE AIM All Share finished at 739.82, down by 2.27 points. Telecommunications outfit Inmarsat (ISAT) has…
As we enter the height of the company reporting season I have taken the chance to review the performance of some of the shares I have covered on this website/magazine over the past few months. While there have been both winners and losers, I have had a pretty solid performance record overall. The eight companies…
Is there anybody who still believes the FED will hike rates this year…? The next? With the latest developments in mind, I dare to say the FED may be closer to another round of QE or even to setting negative rates than to a rate hike. Yesterday’s FOMC meeting and policy announcement not only kept…
