Dyson to electrify the West Country: I think Sir James Dyson’s intervention in the electric car market is very telling. He is clearly very intelligent and the public believe in him. He could float Dyson vehicles right now. Of how many people could the same be said? Not many.
He will have had the advantage of watching Tesla make all those errors where they now find themselves promoting an out of date design. And then there is General Motors and Daimler Benz coming along. I give Tesla no chance whatsoever. As for its current capitalisation ($50 billion or so) this must be counted the biggest load of phooey de nos jours.
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Rather to my surprise (I had been yawning for so long) Orsu Metals (CVE:OSU) has announced a consolidation of stock. this can only be preparatory to corporate action. It has been a very long wait.
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I shorted BooHoo (LON:BOO) yesterday since I detected a stream of BS coming along. This morning it duly did. You either suspend disbelief or you do not. I don’t. That noted, I closed the short at 240p. However, taking the longer view, a capitalisation of £2.8 billion is just far too much. EPS for this last six months is a trifling 1.25p. Assuming one increases this to 3p for the year BOO is on a current PE of the order of 100. If there is the slightest stumble along the way…
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Finally, the Labour Party is starting to grow up by anticipating a massive run on sterling should these clowns ever sniff power. Well, at least they have declared they know the disaster they are seeking to generate.
What they failed to comment upon is the accompanying collapse of the gilts market. This would be astounding in its extent and speed.