I used to renovate houses. Not in a commercial way, but the few houses I bought to live in. I got pretty good at it for a hobby too. I’m a quite decent plasterer, plumber, etc. So if I ever become Irish (it was a Galway man that taught me to plaster), or wake up…
I have written and spoken about when and how THE CRASH could happen since 2014. My thinking is along the lines that the Euro will reach a stage that it will no longer exist precipitating a Euro crash, accompanied with a simultaneous banking crash and stock market crash. Now, is this what is happening before…
Before I begin, let me clarify where I am coming from to folks who do not know me. I am not a day trader; I refuse to be a day trader and my plays are medium to long term plays most of the time. Let’s re-cap… TESCO (TSCO) has had positive news (or has it?).…
Another week passes and Greek negotiations slip past increasingly tenuous deadlines. European leaders continued to press for firm economic development plans while Greece held firm. Proposal rejections are a daily occurrence as each side continues to push hard without issuing iron clad ultimatums. Greece knows that European leaders such as Jean Claude Junker wish to…
With the Tesco (TSCO) AGM coming up I took a look at supermarkets. It’s a jungle out there! It’s not an attractive sector. We know there’s been a battle on the High Street for market share and there have been casualties there. From the zero hour contract people, who you might reasonably think don’t have…
As a precursor to my Final Word article in the main magazine next month, I’ve been examining the firearms market in the US. One of the biggest names in guns, one that may even be the most famous name in the world, is now in voluntary Chapter 11 bankruptcy protection. Colt. Heavily reliant on orders…
I’m in Ireland this week travelling round on steam trains, seeing the sights, indulging in the famous culinary delights (that’s not potatoes any longer, for anyone under that outdated impression), and of course supping the occasional Guinness. The company that runs these excellent excursions is called Steam Dreams. It organises many trips around the UK…
At the time of writing, the latest round of Greek negotiations appears to be going to the wire once again, yet the euro continues to stand relatively firm. The bond market has borne the brunt of volatility while the euro is seemingly inoculated thanks in part to the effect of the ECB’s quantitative easing programme.…
Just to re-cap on last Thursday’s positions. I stayed short of TESCO (TSCO) at £2.17. Today it’s at £2.07. It is going to fight to stay above £2.00, but on the lack of any positive news it will break the £2.00 support. My target remains £1.75ish. One for the patient. Having said that, a 10p…
It’s been a tough time for Majestic Wines plc over the last year or two it seems. They have increased sales revenue but managed to post lower profits. Of course profits are dependent on the company’s attitude to future risk in terms of contingent liabilities and reserves, which are basically potential profits sitting on the…
