For months now I have assumed that Plus500 (PLUS) is a fraud. Nothing adds up. Anecdotal evidence of wholly improper conduct piles up. But the proof of a sustained deception has been hard to come by. And at last there is something really concrete. Overnight a source has again contacted me with the results of…
By Amy McLellan Nostra Terra Oil and Gas continues to add to its portfolio. The AIM-quoted E&P has acquired a one per cent working interest in the San Miguel Prospect stretching for 35,000 acres in South Texas, building on last month’s acquisition of an interest in the 20,000 acre Don Pedro prospect. This represents Nostra…
By Stewart Dalby London AIM-listed InfraStrata started out as a gas storage company before diversifying into exploration. As it starts out on an exciting five well drilling programme (two of which will be sunk this year) it has announced that first up with the drillbit is a well to recover salt cores on its Islandmagee…
The Office for National Statistics has announced that annual UK CPI inflation dropped to -0.1% in April from 0% in February and March. This is the first negative reading since the introduction of the CPI measure in 1996. Economists predicted that deflation would be short-lived and had come about due to a confluence of falling…
Featured in this month’s Master Investor Magazine. In the civilised decadence of the Roaring Twenties and Dirty Thirties, any person in possession of a cocktail shaker was a person ready to party. But where did this ingenious little bar tool originate and how come everyone aspired to own one? The origins of the mixed drink…
They’re at it again. The Great Undoshed. Anti-austerity demonstrations in London and other UK cities. What are they thinking? I don’t see an achievable objective here, and without one demonstrating is utterly pointless. And it’s not an isolated case, they’re planning more of these tickle-fests to encourage fiscal irresponsibility. For some time now Russell Brand’s…
by Frederik Vanhaverbeke In the latest of a series for Master Investor Magazine, Frederik Vanhaverbeke, author of Excess Returns: A comparative study of the methods of the world’s greatest investors, looks at how some of the world’s greatest investors are so successful. The extreme efficient market theory is “bonkers”. It was an intellectually consistent theory…
In anticipation of the first quarter results from British American Tobacco (BATS), I use the hiatus to cast an eye over the last annual results from BAT in order to get some idea of what we should be looking for. I might add that we have a little time to wait, as I understand that…
Shares in Bahamas Petroleum Company enjoyed a near 18 per cent gain in morning trading on Monday after the AIM-quoted explorer announced an extension on its southern licences. The Isle of Main-based company confirmed that its licences have been extended until Q2 2018 with the date to start drilling pushed back until April 2017, buying…
A Greek Newspaper has claimed that a deal has been proposed by European Commission President Juncker that would break the deadlock in negotiations. The commission refused to confirm the existence of any such arrangement but it is said to include more lenient budget surplus targets and allow VAT increases and a review of the country’s…
