Avanti (AVN) did the decent thing yesterday and started to tell the truth. This left the stock down from 60p to, now, 20p. AVN seeks shareholders to put up $50m. Why anyone would subscribe a brass farthing I have no idea. It is astonishing that this stock has taken so long to collapse. Credit should…
In the aftermath of the shock Brexit vote, it’s clear that investors looking for bargains on the stock market, have seen both gifts and poison chalices. In the case of Primark owner AB Foods, it appears we have been treated to something of a steal at the lower levels. AB Foods (ABF): Above 2,500p Targets…
As seen in the latest issue of Master Investor Magazine There are a lot of reasons people fail to become Master Investors. The usual suspects are fear and greed. But there is something that isn’t discussed much – ego. If you’re one of the (probably) few women reading this (most traders are men), then pat…
A gin & tonic is clearly one of the greatest inventions known to mankind, with or without tonic water from Fever-Tree Drinks. It will be interesting to see whether the company’s latest premium cola can catch the investor zeitgeist in the same way. Fevertree Drinks (FEVR): Above The 50 Day Line Targets 900p The overwhelming…
One of the standouts of the recent past, as far as the worlds of finance and politics are concerned, is how many of even the best rules and relationships have been rewritten. GlaxoSmithkline is currently doing this in a positive way. GlaxoSmithkline (GSK): The Elephant That Galloped Most of us are familiar with the stock…
I have to admit, the irritation factor associated with Moneysupermarket advertisements make it almost impossible to deliver an objective appraisal of the company. For this reason, there is always the charting perspective… Moneysupermarket.com (MONY): Downside Gaps Threaten 200p Perhaps one of those companies of whom the bears have been prowling for so long looking for…
FTSE 100 Stocks ARM Holdings (ARM): Push to 1,300p Expected It has been an extraordinary week in the aftermath of the Brexit vote, which has influenced much more than politics. What we can see from the stock market is that this has been a great barometer of the sentiment swirling around both Westminster and the…
It may be said that as far as the recent price action of Condor Gold is concerned, only Randgold Resources has really put the performance here in the shade. On the basis that “Elephants don’t gallop”, this may be a situation to consider for small cap fans of precious metals. Condor Gold (CNR): Target as…
At the time of the Global Financial Crisis all those years ago, my view was that RBS should be allowed to go to the wall. That is still my opinion. Indeed, to paraphrase the outgoing Prime Minister’s comments with regard to Jeremy Corbyn, “for Heaven’s sake” will someone close the bank down? RBS (RBS): Bear…
On June 23, the UK voted to leave the EU. After years of campaigning and debates that transcended party politics, the UK is setting out alone. What this means for all involved remains to be seen. There are a few short-term implications, however, that we can bring in to play from an operational trading perspective.…
